Competition Rules

Competition Rules 2018-04-08T21:18:10+00:00

1. For Students, Staff and Graduates

All teams must have at least one member who is a student, faculty member, or recent graduate (within the last calendar year) from one of the Romanian universities, at the time of submission.

Full-time foreign students and diploma students are also welcome to apply as long as they otherwise comply with the rules.

2. It must be your own idea

Participants should possess the intellectual rights to their idea and it must not be considered “stolen”.

If your university owns the patent or the research your idea is based on, you need to explain in your plan how you will handle this situation. For instance, has the university agreed to let you exploit their patent in this way? Are they willing to sell you the patent?

3. Residency in Romania

All teams must have at least one person who is a permanent resident of Romania. This includes residents on temporary student visas.

4. Can I participate again ?

You are allowed to participate in the same competition a following year, IF you have developed your business considerably since you last participated.

5. Maximum length

You should aim for a business plan that is 3-5 pages in length. The jury is not required to read more than the maximum of 5 pages. Venture Cup has the right to disqualify business plans exceeding the maximum length. Submissions must be in PDF file format, no more than 10MB file size, and clearly stating your business idea in the file name. You also have the option to upload a video along with your business plan to optimise your chances!

Formatting Guidelines:

  • A4 page (210 x 297 mm)
  • Right/left margin: 2.5cm
  • Top/bottom margin: 2.0cm
  • Line spacing 1.5
  • Recommended typefaces: Times New Roman, Helvetica, or Courier in font size 12

6. Can I participate with more than one idea ?

You can submit more than one idea during a single competition. Submitting more than one idea can help you choose which one to move forward with, as each submitted idea will receive feedback from several highly qualified people. However, you cannot submit the same idea in more than one category.

7. We have all signed NDAs

Members of the jury, mentors, and Venture Cup staff have all signed a Non-Disclosure Agreement (NDA). If you are still worried about the protection of your idea, then use general terms and avoid discussing the specific technical parts that can be patented, while still being able to convince others that your idea is good.

8. Language

The business plan should be written in English. This will make it easier to get advice and assistance from international experts, business people, and investors. If you make it to a Venture Cup competition final, you will have to pitch in English since we have an international jury panel.

9. All participants must provide…

… information on their development during and after the competition when requested by Venture Cup. Examples of this include submitting surveys, testimonials, interviews and being part of our alumni network.

10. When chosen as a finalist…

… at least one team member must attend pitch camps and the finals.

11. Venture Cup decides when in doubt

In case of doubt, the Venture Cup Romania management team makes the final decision in regards to any of the above rules.

12. Terms and Conditions

Any personal data relating to you gathered by Venture Cup Romania in the registration process and during the competitions will be recorded internally, but not shared with any third parties.