Innovation Fellows Business Plan Sample Template

 
Business Plan Template
 
Teams of prospective Innovation Fellows must submit a complete and well-written business plan for
the venture in presentation format similar to this sample 
template. This sample deck is being
provided to best achieve an equitable evaluation process by the NJEDA. 
Teams should ensure the
presentation adequately describes all relevant features of their proposed business venture. Consider
the program requirements and scoring framework as you compose the deck.
 
[Company Name]
 
Business Plan
 
[Company Logo]
 
Mission Statement
 
What is your company's long-term mission?
Where do you see your company’s growth going?
 
 
 
 
Tip: Be as concise as possible!
Note that businesses must be within one of the EDA’s 
target
industries 
to be eligible for this program.
 
Team
 
Who are your key managing members?
What previous accomplishments or experience do they have that is
noteworthy and relevant?
 
 
 
 
 
Note that teams must be of at least three people with at least half being
first time entrepreneurs. Teams may be awarded additional funds for
having diverse members or members who have graduated from NJ
universities.
 
Market Summary
 
Where is the market currently? Where was the market previously, and
where is it going?
How large is your company’s Total Addressable Market (TAM)?
 
 
 
Tip: Highlight sources of data
 
Business Concept & Structure
 
Summarize your business’ overall concept.
What problem is it trying to solve?
What are your differentiators?
Is your business a university spin-out?
On what IP/technology/strategy is your business based?
 
SWOT Analysis
 
Strengths
 
Opportunities
 
Threats
 
Weaknesses
 
Competitive Analysis
 
Summarize competition and outline your competitive advantage
against your competitors.
 
Goals and Objectives
 
What are your company’s goals over the next:
12 Months?
24 Months?
 5 years?
 
 
 
 
 
 
 
Tip: Be specific AND be measurable!
 
Financial Plans
 
Provide a financial model covering the next 3-5 years.
What profits do you expect yearly? How are these affected by projected
sales volumes or pricing strategies?
 
 
 
 
 
Tip: Use as many slides (of the 15 available) as needed to describe this fully!
Financials are important!
 
Sources & Uses of Cash
 
Resource Requirements
 
What technology is required to make your business a success?
What personnel is required?
What financial resources are needed? (third party capital, etc.)
What other resources can you tap into?
What will be outsourced?
What Supply Chains will you need to access?
What will you need in terms of marketing/promotion/PR?
 
Key Issues
 
What near term decisions will need to be made?
What effects may result in the long term?
What long term issues will arise down the line? How does your
actions today affect these?
If you are seeking funding, how will you use the money?
 
Risks & Rewards
 
What risks are related to the proposed new projects for your
company?
How will you address/minimize these risks?
What is the intended pay off?
 
Design Tips
 
Keep it simple and easy to understand for anyone outside of your industry
Stand out, be eye catching– you have only a few moments to capture
investors attention
Feel free to implement colors and designs, but make sure your
presentation won’t be distracting
A picture is worth a thousand words
 
 
Tip: Consider the impact that publications like this may have on your
company’s brand
 
Other Areas to Address
 
Overall Strategy, Competitive Edge, Implementation
Diversity, Equity & Inclusion policies
Products Overview, Future Products
Company Executive Summary
Locations, Facilities
Organizational Structure
Assumptions Made
Business Ratios (Current Ratio, Turnover, Debt to Assets, etc.)
 
 
 
Consider highlighting how your business meets our program requirements such as operations in an eligible
municipality, team makeup, and commitment to full-time involvement.
 
Additional Resources
 
Y-combinator:
How to Design a Better Pitch Deck
How to Build your Seed Round Pitch
Deck
 
SCORE:
Business Plan PPTX Template
Business Plan and Financial Statements
Template Gallery
Find a free SCORE mentor to review you
business plan
 
 
Institutional Resources:
SBDC Business Plan Writing
SBA Guide toLean Business Plans
 
 
PPTX Design Templates:
Microsoft
Visme
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Teams of prospective Innovation Fellows are required to submit a detailed business plan for their venture following a presentation format similar to the provided sample template. The plan must cover aspects such as mission statement, team details, market summary, business concept, SWOT analysis, competitive analysis, and goals. The deck template includes guidelines and tips for creating a comprehensive and well-structured business plan. Eligibility criteria and program requirements need to be met for consideration in the evaluation process.


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  1. Business Plan Template Teams of prospective Innovation Fellows must submit a complete and well-written business plan for the venture in presentation format similar to this sample template. This sample deck is being provided to best achieve an equitable evaluation process by the NJEDA. Teams should ensure the presentation adequately describes all relevant features of their proposed business venture. Consider the program requirements and scoring framework as you compose the deck.

  2. [Company Logo] [Company Name] Business Plan

  3. Mission Statement What is your company's long-term mission? Where do you see your company s growth going? Tip: Be as concise as possible! Note that businesses must be within one of the EDA s target industries to be eligible for this program.

  4. Team Who are your key managing members? What previous accomplishments or experience do they have that is noteworthy and relevant? Note that teams must be of at least three people with at least half being first time entrepreneurs. Teams may be awarded additional funds for having diverse members or members who have graduated from NJ universities.

  5. Market Summary Where is the market currently? Where was the market previously, and where is it going? How large is your company s Total Addressable Market (TAM)? Tip: Highlight sources of data

  6. Business Concept & Structure Summarize your business overall concept. What problem is it trying to solve? What are your differentiators? Is your business a university spin-out? On what IP/technology/strategy is your business based?

  7. SWOT Analysis Strengths Weaknesses Threats Opportunities

  8. Competitive Analysis Summarize competition and outline your competitive advantage against your competitors.

  9. Goals and Objectives What are your company s goals over the next: 12 Months? 24 Months? 5 years? Tip: Be specific AND be measurable!

  10. Financial Plans Provide a financial model covering the next 3-5 years. What profits do you expect yearly? How are these affected by projected sales volumes or pricing strategies? Tip: Use as many slides (of the 15 available) as needed to describe this fully! Financials are important!

  11. Sources & Uses of Cash

  12. Resource Requirements What technology is required to make your business a success? What personnel is required? What financial resources are needed? (third party capital, etc.) What other resources can you tap into? What will be outsourced? What Supply Chains will you need to access? What will you need in terms of marketing/promotion/PR?

  13. Key Issues What near term decisions will need to be made? What effects may result in the long term? What long term issues will arise down the line? How does your actions today affect these? If you are seeking funding, how will you use the money?

  14. Risks & Rewards What risks are related to the proposed new projects for your company? How will you address/minimize these risks? What is the intended pay off?

  15. Design Tips Keep it simple and easy to understand for anyone outside of your industry Stand out, be eye catching you have only a few moments to capture investors attention Feel free to implement colors and designs, but make sure your presentation won t be distracting A picture is worth a thousand words Tip: Consider the impact that publications like this may have on your company s brand

  16. Other Areas to Address Overall Strategy, Competitive Edge, Implementation Diversity, Equity & Inclusion policies Products Overview, Future Products Company Executive Summary Locations, Facilities Organizational Structure Assumptions Made Business Ratios (Current Ratio, Turnover, Debt to Assets, etc.) Consider highlighting how your business meets our program requirements such as operations in an eligible municipality, team makeup, and commitment to full-time involvement.

  17. Additional Resources Institutional Resources: SBDC Business Plan Writing SBA Guide toLean Business Plans Y-combinator: How to Design a Better Pitch Deck How to Build your Seed Round Pitch Deck SCORE: Business Plan PPTX Template Business Plan and Financial Statements Template Gallery Find a free SCORE mentor to review you business plan PPTX Design Templates: Microsoft Visme

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