The organizers of Dal’s 100k Competition recognize that no set of criteria can apply to every circumstance and therefore reserve the right to determine eligibility or to disqualify any team that it determines to be in violation of the spirit of the competition. Similarly, applicants who feel they fit the spirit of the competition, but may be in minor violation of the eligibility criteria, may submit a petition via email to: email@example.com. All decisions will be made by the $100K Competition organizers and are final.
Competing teams should consist of at least 2 and no more than 5 degree-seeking students (enrolled part-time with minimum of 6 credit hours or full-time in a semester during the competition year), recent Dalhousie graduates (graduated within the past 2 years) or Dalhousie researchers or junior faculty. Venture teams are also eligible to apply if the team is commercializing Dalhousie-related research or projects. In general, at least one member of the venture team who meets the eligibility criteria laid out above should be either a co-founder or an executive at the “C” level.
The venture team must have a minimum of 20% ownership in the venture.
The venture team must control a minimum of 51% of the venture’s voting rights. The $100 Competition organizers recommend maintaining this control for at least 2 years beyond the date of the competition.
Because revenue is often the best form of validation, minimal revenues gained in the process of validation are allowable for the $100K Competition.
Nature of Venture
Ventures cannot be a buyout, an expansion of an existing company, a real estate syndication, a tax shelter, a franchise, or a licensing agreement for distribution in a different geographical area. Licensing technologies from universities or research labs is encouraged, assuming they have not been commercialized previously.
Ventures may compete in the $100K Competition only once.