Business Plan Competition
HavaStartup is an annual competition organized by ASU at Lake Havasu in collaboration with the Lake Havasu Chamber Foundation for Education and Leadership and Better Business Bureau. The competition is organized to provide new entrepreneurs a chance to share and improve their innovative business ideas, products, prototype, services, etc.
The goal of HavaStartup 2022–23 is to find new and established business's looking to create a business plan and grow their business. This will result in economic development in Lake Havasu City, encouraging and supporting local entrepreneurs and their businesses.
Who can enter the competition?
The business plan can be for commercial (financial returns) or nonprofit (social change) purposes and the focus can be any innovative idea from any industry (product or service). Participants and team members should have a meaningful role in the venture and competition.
Eligibility
- Anyone who is a resident from Lake Havasu City with a new business idea to start a business in Lake Havasu.
- We will emphasize applicants with businesses that are already operating for less than three (3) years or aim to open their business soon in Lake Havasu City.
- Team: 1-6 members.
- Contestants who participated in a previous year are not eligible to compete again with the same concept
- You will be fully able to disclose your business models and plans.
- The participants have to mention how they are going to utilize the money to develop their business.
Competition timeline
| Nov. 9, 2022 5:00pm | Registration opens (Submission of Business Summary) |
|---|---|
| Nov. 9, 2022 6:00pm | Information Session at Mudshark Public House, LHC (Creative Comrades) |
| Dec. 2, 2022 5:00pm | Registration closes (Submission of Business Summary) |
| Feb. 8, 2023 5:00pm | Developed Business Plan submission deadline |
| Mar. 29, 2023 5:30pm - 7pm | Winner's Business Plan Showcase and Aware Ceremony at ASU at Lake Havasu |
| Mar. 31, 2023 5:00pm | HavaStartup review and feedback deadline |
Information Session
The Information Session open to the public will include competition eligibility, guidelines, mentoring and volunteering opportunities, and a question and answer discussion.
Date: Wednesday, 9th November, 2022
Time: 6:00 pm - 8:00 pm
Location: Mudshark Public House, LHC
Online Registration
Registration begins on November 9th 2022, 5:00 pm
Registration closes on December 2nd 2022, 5:00 pm
Final Business Submission
Contestants are required to submit their Final Business Plan (PPT Slides/Video format ) by uploading in Dropbox link.
Check HavaStartup 2022-2023 Application Packet
Winner's Business Plan Showcase and Award Ceremony
Winner will present his or her business plan to the community through an oral PowerPoint presentation followed by an Award ceremony.
Date: March 29th, 2023
Time: 5:30 pm - 7:00 pm
Location: Santiago 109 ASU at Lake Havasu
Mentor pairing
After the registration period is over, teams for the second stage of the competition will be selected. These team entries will be paired with mentors, professionals with a variety of backgrounds and expertise who will evaluate the feasibility and viability of the proposed business idea. Mentors will be assigned based on the nature of submitted proposals and identified focus areas. This is not mandatory to all contestants, mentors will be allocated to those who needs it.
The mentors will provide feedback to participants to further develop business models and the final business plan.
Participants are encouraged to make good use of the mentoring process to assist with crafting a fine-tuned business plan proposal.
Advisory board and steering committee members
- Dr. Carla Harcleroad, Executive Director, ASU@Lake Havasu
- Dr. Leepsa Nabaghan Madhabika, Organizer & Co-ordinator, ASU@Lake Havasu
- Ms. Lisa Krueger, President and CEO, Lake Havasu Area Chamber of Commerce
- Ms. Kryistyna Hook, Director of Media Relations, Better Business Bureau Serving the Pacific Southwest
- Mr. Jason Mullavey, Sr. Systems Analyst, Desktop Services (UTO)
Contact
If you have any questions about HavaStartup Business Plan Competition, please contact Dr. Leepsa Nabaghan Madhabika directly at lmadhabi@asu.edu.