Boeing New Business Challenge

$13,000 Scholarship Awarded!*

Do you have a great business idea?
Use that idea to earn a scholarship!

The Boeing New Business Challenge is accepting applications to pitch new business ideas. Through the generous support of The Boeing Company, the College of Business Administration will award up to $13,000 in scholarships.
The Boeing New Business Challenge is comprised of two phases:
Phase I (October 28, 2016) – Poster presentation pitching the business concept
Phase II (March 10, 2017) – Business Plan Presentation
Steps to victory...

Phase I (This phase is not mandatory, but participating teams will be given a ten point advantage out of 100 total points)
  • Establish your business concept.
  • Determine whether you will work alone or with a team. Scholarship winnings will be split evenly between team members. All teams must have at least one undergraduate student, currently enrolled at UAH; however, scholarship winnings may be applied to both undergraduate and graduate coursework at UAH.
  • Register your team so we can communicate with you.
  • Submit a one paragraph description of your idea by the end of the day on October 21, 2016. Email to Violet Edwards vre0001@uah.edu .
  • Finally, be ready to give your concept presentation on Friday, October 28, 2016, at 1:00 p.m. in the Business Administration Building atrium. More detailed information regarding Phase I
Phase II (March 10, 2017)
  • Develop a written business plan
  • Submit your business plan one week before presentation date - March 3, 2017
  • Deliver your oral business plan presentation before a panel of judges
  • More detailed information regarding Phase II

If you have questions, please contact Violet Edwards at 256.824.4725 or by email at vre0001@uah.edu.

*Scholarship may be divided among participating teams


Fall Semester Presentation in Detail

Phase One: Concept Feasibility Criteria

Poster Presentation: October 28th at 1:00 p.m. Business Administration Building Atrium

Not Previously Registered?
Register Here

Students from across campus are invited to prepare a two-page (poster) executive summary of a business concept that provides the basic reasoning about their new business opportunity. You are highly encouraged to participate in Phase I, however it is not mandatory. It is important to realize that you will receive helpful feedback from judges during Phase I that may impact the content of your Phase II presentation. Teams that complete Phase I will have a 10-point advantage out of 100 total points. Please consider using the printable PowerPoint template to help give you direction in making your poster presentation. The template is not required to be used; however, the material in the template is the basis for judging your entry.

Using your poster as a visual aid, you will pitch your business idea in front of a group of judges. The pitch should not exceed five minutes, followed by five minutes of questions and answers. You are highly encouraged to personalize your poster. You may present your material in any manner, but keep in mind it must be large enough for judges to see and it must have both the Boeing logo and the UAH College of Business logo visible. These are available in the printable PowerPoint. Your presentation should be sturdy enough to stand on an easel or atop a table without falling. The use of bullets is suggested instead of paragraphs. Attire is business casual.

Questions that your entry should answer:

  • Is there a market opportunity?
  • Is there an unmet or poorly served need?
  • Is there a customer group that is willing to pay?
  • Is the customer group of sufficient size to warrant entry?
  • Does the market have limited or weak competition?
  • Are there reasonable profit prospects?
  • Is it unique or different from competition in the market?
  • Is it technologically feasible (e.g., not purely imaginative)?
  • Is it economically feasible? (e.g., no prohibitive start-up costs)?
  • Is entry feasible (e.g., not blocked by regulation or need for unique credentials)?
  • Is the invention, design, product or business concept able to serve this need and market?

If you have questions, please contact Violet Edwards at 256.824.4725 or by email at vre0001@uah.edu.


Spring Semester Presentation in Detail

Phase II: New Business Challenge Award (Selection) Criteria

Business Plan Presentation: March 10, 2017 / 1 pm / BAB 205

Not Previously Registered?
Register Here

The due date for the written plan for Phase II will be one week before the oral presentation. The written plan should be single-spaced, paginated, and dated, with the team's name appearing on the first page. A title page is not required.
Email the plan to Violet Edwards at vre0001@uah.edu.
The oral presentation for Phase II is a pitch that should not exceed ten minutes, followed by a five minute question and answer session. The pitch will be presented in the Business Administration Building Room 205 in front of a panel of judges.
The presentation will be scored as follows:
Business Concept (50%)

  • Creativity/uniqueness of the product/service concept
  • Probability of technical success
  • Probability of market success
  • Probability of financial success

Business Plan (50%)

  • Thorough coverage of all important topics
  • High level of analysis and insight throughout
  • Professionally delivered presentation
  • Well-structured and written documents

If you have questions, please contact Violet Edwards at 256.824.4725 or by email at vre0001@uah.edu.

Consider the following when preparing your presentation:

I. Opportunity

  • Customer:
  • Value Proposition:
  • Market:
  • Product or Service:
  • Competition:
  • Growth and Profit Potential:
  • Mission/Vision: What will your company do, how, for whom, and why will they buy? What do you want your company to be in five years?
  • Product/Service Difference:
  • Competitive Advantage: Is it possible to attain and hold a strong position in the marketplace? To block imitators? (Intellectual property, etc.)
  • Entry Strategy:
  • Risks:
  • Product Development
  • Marketing (market research, sales, marketing, channel management)
  • Operations (method by which product or service will be created/delivered to customer, make or contract, supplier arrangements, quality standards, etc.)
  • Human capital (the essential people needed, how you will bring them onboard, how you will reward them for their efforts)
  • Regulatory requirements
  • Financial requirements (start-up costs, working capital, cash flow issues, profit projections)
  • Creativity/uniqueness of the product/service concept
  • Probability of technical success
  • Probability of market success
  • Probability of financial success
  • Thorough coverage of all important topics
  • High level of analysis and insight throughout
  • Professionally delivered presentation
  • Well-structured and written documents

II. Strategy and Advantage

  • Mission/Vision: What will your company do, how, for whom, and why will they buy? What do you want your company to be in five years?
  • Product/Service Difference:
  • Competitive Advantage: Is it possible to attain and hold a strong position in the marketplace? To block imitators? (Intellectual property, etc.)
  • Entry Strategy:
  • Risks:

III. Plan Execution
Execution is the most detailed section of the new business plan and translates a business concept into actions needed to be successful. To accomplish market entry, what is needed? Explain what needs to be done, by whom, at what cost, over the first month, first year, and second year. Illustrate the tasks, staffing needs, and financial commitments in a timeline.

  • Product Development
  • Marketing (market research, sales, marketing, channel management)
  • Operations (method by which product or service will be created/delivered to customer, make or contract, supplier arrangements, quality standards, etc.)
  • Human capital (the essential people needed, how you will bring them onboard, how you will reward them for their efforts)
  • Regulatory requirements
  • Financial requirements (start-up costs, working capital, cash flow issues, profit projections)