Contestants
What to know
ICE will give out $10,000 in cash and prizes to winners. The Main Event (The Business Plan Competition), a case competition and an elevator pitch competition will 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.
Miscellaneous cash and prizes to teams for their uniqueness, social responsibility etc… totals $500.
Business Plan Competition:
First Place: $5,000 in cash and prizes. Runner Up: $2,500 in cash and prizes.
Case Competition:
There will be a Case Competitions for teams who do not make it to the finals of the business plan competition.
Elevator Pitch Competition:
Winner of Elevator Pitch Competition: $1,000
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
Team Composition and Student Eligibility:
Two (2) to Four (4) currently enrolled undergraduate students. 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 and its related competition events. 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.
ICE/GSBPC Corporation. ICE/GSBPC Corporation staff has the right to interpret these rules according to its own judgment.
Team Composition and Student Eligibility:
Two (2) to Four (4) currently enrolled undergraduate students. 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 and its related competition events. 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.
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 Friday June 7, 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 business plans by 11:59 PM CST on Tuesday June 7, 2025. Plans are limited to 20 pages (including executive summary, table of contents, and cover page plus plan) and can include up 10 pages of appendices for a maximum of 30 pages combined. The plan should be uploaded as a single, printable PDF document with 1inch margins on all sides (the top, bottom, left and right), double spaced with 12 point font.
Location:
ICE will be held in Montego Bay, Jamaica June 8-13, 2025. An effort to get students in the Caribbean, Central America, and the United States to participate is being made; however, GSBPC is open to undergraduate students from all around the globe.
Changes to Competition Rules:
Though not expected, these rules and prizes are subject to change at the discretion of ICE/GSBPC Corporation. ICE/GSBPC Corporation 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 which 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 the start of the current academic year (September 1, 2024) are excluded. ICE reserves the right to request copies of any funding agreements.
Attendance and Travel Arrangements:
Teams should arrive in Montego, Bay by 1:30 PM on Wednesday June 3, 2025 to check in for Feedback Round with Judges. Teams should plan to arrive Tuesday evening or Wednesday morning, and depart the morning of Saturday June 6, 2025.