APPLICATIONS CLOSED

Thank you to everyone who applied to Bears' Lair! We are no longer accepting applications for 2017.

How To Apply

1. POST PHOTO TO FACEBOOK

The FIRST thing you must do is post a photograph that represents your business to the Bears Lair Facebook page indicating your entry. This lets us know you will be submitting a full application, and lets us get to know you better!

2. SUBMIT YOUR BUSINESS PLAN

After posting a photo to Facebook, you have until March 2, 2017 to submit your full application with a completed business plan that outlines next steps for your business and a a 12 month cash flow projection. (Template provided)

IMPORTANT INFORMATION

AM I ELIGIBLE TO APPLY?

In order to compete in the 2017 Bears Lair Competition, Entrants must:

  • - Be a registered business (Incorporated, Sole Proprietor or Partnership)

  • - If you are at the pre-sales/start-up stage, show a meaningful investment in the business (such as time, equipment, dollars, research and development) etc...)

  • - If you are an existing business, you must demonstrate that you will be taking a significant step such as adding new product or service, accessing new market or commercializing Intellectual Property.

  • - Be able to undertake the proposed work within the next 12 months.

  • - Have annual sales of less than $200,000.

WHAT DO I HAVE TO SUBMIT?

To apply, you must:
- Post an photograph entry to the Bears Lair Facebook page indicating your entry. It will be restarted on other Bears Lair Social Media platforms. Your Facebook entry can proceed the submission of the application and business plan.

- Submit a completed business plan that outlines the planned next steps for your business. It must not exceed 10 pages and must include a 12 month cash flow projection. A suggested .xls cash flow template is provided.

WHAT SHOULD MY BUSINESS PLAN INCLUDE?

The Business Plan should include (but is not limited to):

 
  1. - Profile of you and your company
  2. - Description of Core Product or Service
  3. - Your core value proposition
  4. - Key Competitors (and how you are dramatically different)
  5. - Key Customers (and the problem you solve)
  6. - Why it is the right time to launch this product or service
  7. - Market Research that you have undertaken
  8. - Marketing and Promotions Plan
  9. - Critical assets that the business requires to execute your business model?
  10. - Key members of your team and Partners.
  11. - Goals or key milestones
  12. - Financial Summary (P&L, Balance Sheet, etc…)
  13. - Main fixed and variable costs
  14. - Additional Information such as photographs, brochures, links or other information
All Business Plan information will remain confidential.

BUSINESS PLANNING RESOURCES

HOW ENTRIES ARE JUDGED

Goods & Services Stream:

 
  1. Benefit to Local Economy: job creation, environmental impact, social impact, local attraction /20
  2. Innovative: new idea, new product, new markets, new processes /20
  3. Viability: financial projections, market research, business model and their "investability"/ investor-readiness /30
  4. Entrepreneurial acumen and experience /20
  5. Passion & presentation /10
  6. TOTAL POINTS /100
 

Innovation Stream:

 
  1. Benefit to Local Economy: job creation, environmental impact, social impact, local attraction /20
  2. Innovative: new idea, new product, new markets, new processes /20
  3. Viability: financial projections, market research, business model, ability to scale and their "investability"/ investor-readiness /30
  4. Entrepreneurial acumen and experience /20
  5. Passion & presentation /10
  6. TOTAL POINTS /100

SUBMIT AN APPLICATION

Complete the following application form and attach the following:

A completed business plan that outlines the planned next steps for your business. (Must not exceed 10 pages)
A 12 month cash flow projection. (Template below)
NOTE: Only .pdf .xls .docx are accepted

APPLICATIONS ARE NOW CLOSED

Save the date for our semi-finalist showcase on March 21, 2017 at The Venue!