Contestants
What to know
ICE will give out $20,000 in cash and prizes to winners if the entrepreneurship competition. A case competition and an elevator pitch competition will also reward winners with cash & prizes! ICE is an Undergraduate Competition for students from all around the globe. Any undergraduate student from any University can participate.
Additional prizes to teams for their uniqueness, social responsibility etc… will be awarded.
Entrepreneurship Competition:
First Place: $20,000 in cash & prizes.
Case Competition:
There will be a case competition for those who do not advance to the finals. Prizes TBD
Elevator Pitch Competition:
Winner of Elevator Pitch Competition: Prizes TBD
Team Composition:
Teams of 2-4 Undergraduate students can enter their plan into the competition.
How To Know If You're eligible
Changes to Competition Rules:
Though not expected, these rules and prizes are subject to change at the discretion of ICE.
Team Composition and Student Eligibility:
Two (2) to four (4) currently enrolled (enrolled at some point this academic year, July 1, 2024, to July
2025) undergraduate students or recent graduates (August 2024 or after). A single student can attend,
but teams (two or more) are encouraged. ICE is open to students of all disciplines/majors, not just
business. Non-students may participate in planning the venture, however, only students may participate
in the competition. Each student team member must take an active role in delivering the presentation
and participating in the Q&A. Non-student members may attend ICE but may not participate in the
competition. Additionally, if there are more than four team members, each team member can attend,
but only four can present.
ICE/GSBPC Corporation:
ICE/GSBPC Corporation staff has the right to interpret these rules according to its own judgment.
Student Involvement:
The competition is for student-created, managed and owned ventures. This is the most common area for requested rules clarification. The guidelines are: (1) Students played a primary role in conceiving and developing the business plan. (2) Students have key management roles (CEO, COO, CFO etc…) and have 50% or more worth of the equity in the venture.
Preparing an Executive Summary:
Teams have until Monday March 24, 2025 at 11:59 PM CST to submit their Executive Summary online. Executive Summary should be submitted as a single, printable PDF file. The Executive Summary should be no longer than 4 pages double spaced with a 1 inch margin all over (top, bottom, left and right margins) and 12 point font. Executive Summaries should include an explanation of the offering to investors indicating how much money is required, how it will be used, and the proposed structure of the deal. Click here for Executive Summary Outline.
Business Plan Review:
The teams with the best Executive Summaries will be required to submit their most recent business
plans by 11:59 PM CST on Monday, May 26, 2025. Plans are limited to 20 pages (including executive
summary, table of contents, and cover page) plus up to 10 pages of appendices, for a maximum of 30
pages combined. The plan should be uploaded as a single, printable PDF document with 1-inch margins
on all sides (top, bottom, left, and right), double-spaced with 12-point font.
Students should be sure presentations work properly on the available systems at the competition during the feedback round and/or prior to the start of the competition each day.
Location:
ICE 2025 will be held in Montego Bay, Jamaica on June 9-12, 2025. ICE is open to undergraduate students from all around the globe.
ICE Dates: June 9 – 12, 2025
Students should arrive by 4:00 PM for welcome and orientation.
Optional feedback from 11:00 AM – 4:00 PM for those arriving prior to welcome and orientation.
June 10th & 11th: Competition both days and Awards Ceremony on the night of the 11th.
June 12th: Tour of Jamaica, cultural museums, educational tours, sightseeing, and more.
Changes to Competition Rules:
Though not expected, these rules and prizes are subject to change at the discretion of ICE. ICE staff has the right to interpret these rules according to its own judgment.
Nature of Ventures:
Ventures must be intended to be real companies with corporate structures and financial data which reflect such. This excludes investment vehicles, licensing and other projects where returns are measured for investment value instead of operating profit. Also, excluded are buy-outs, expansion of existing companies, roll-ups, real estate syndications, tax shelters, franchise based outlets, licensing agreements for distribution in a different geographical area and spin outs from existing corporations. Licensing technologies (whether from Universities or not) is acceptable as long as there has been no prior commercialization. Key in such ventures is demonstrating significant added value to the technology by the management team.
Prior Activity:
Ventures that have generated revenue, and/or have raised operating/equity capital from sources other
than the student team members or their immediate friends/family prior to May 31, 2024, are excluded.
ICE reserves the right to request copies of any funding agreements.
Attendance and Travel Arrangements:
Teams should arrive in Montego Bay, Jamaica, by 4:00 PM on Monday, June 9, 2025, for orientation.
There will be an optional feedback round with judges from 11:00 AM-4:00 PM. Teams should plan to
arrive on Monday and depart the morning of Friday, June 13, 2025.
Oral Presentation
Presentation Format: 10-minute pitch followed by 10-minute Q&A.
*Teams present then take a 30 minute break followed by feedback from judges.
PowerPoint, Prezi Canva or comparable format. Be sure presentations work properly on the available systems at the competition during the feedback round and / or prior to the start of the competition each day.