The Executive Development Center of Santa Clara University’s Leavey School of Business, is pleased to announce the 2007 Silicon Valley Boomer Business Plan Competition.
The 2007 Boomer Business Plan Competition will be held at Santa Clara University, Santa Clara, CA, in the heart of Silicon Valley, on June 19, 2007. The competition is an integral part of the third annual Silicon Valley Boomer Venture Summit. Go to http://www.boomerventuresummit.com/competition/ for details on the competition.
The competition is open to anyone with an idea for developing a product or service for the boomer/45+ market. Two $10,000 prizes (one in a health category, the other in a general category) will be awarded to the business plans that are considered by an elite group of judges to have the highest potential for success in this market. The 78 million baby boomers born between 1946 and 1964 make up 28% of the U.S. market and own more than 77% of all financial assets. This baby boomer market represents over $2 trillion in annual spending power. We want to challenge entrepreneurs to tap into this lucrative and growing market globally.
The 2007 Boomer Business Plan Competition will provide contestants with the opportunity to meet investors and partners, secure resources, and get media exposure to help turn dreams into realities. Past winners of the competition have gone on to (1) receive a $4 million National Institutes of Health grant, (2) complete closing of $3.5M Series A Funding to accelerate development of its bionic devices and (3) secure VC funding to actively develop its medical device for a market release in early 2008.
Each year we assemble an esteemed panel of judges that will include Brad Vale, Johnson & Johnson Development Corporation, Vance Vanier, MD, Mohr Davidow Ventures, Ilya Oshman, Pfizer Strategic Investments Group, Emilio Pardo, AARP Services, Aileen Lee, Kleiner Perkins Caufield & Byers, Chip Baird, NorthCastle Partners, Jody Holtzman, AARP, Bijan Salehizadeh, MD, Highland Capital Partners, and Jim Koch, Executive Director of the Center for Science, Technology, & Society and currently the interim dean of the school of engineering at Santa Clara University and other members of the corporate and venture community.
The competition is a terrific opportunity for all participants to gain significant exposure to a vast network of leaders in the field, including potential strategic partners and top investors.
Deadline for intent to participate and executive summaries is April 20, 2007. Business plan entries should target an early-stage venture focused on the 45+ market in any field. Complete details on the competition can be found at http://www.boomerventuresummit.com/competition/
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