The following contest entry rules apply to the 2013 Big Idea Competition:
The competition is open to all current Cornell Undergraduate Students.
An idea can be submitted by a "team" (consisting of multiple people), but all team members must be current Cornell Undergraduate Students.
If you have previously entered The Big Idea Competition (formerly known as The Undergraduate Business Idea Competition), you can re-enter your exact same idea or a different idea. If you previously won prize money from the competition, you are not allowed to enter your previous winning idea.
Entries must be early-stage ideas, and not developed businesses. As such, an idea that already has a functioning business associated with it will not be accepted. Specifically, the idea:
- Cannot be generating revenues
- Cannot already have received funding or financing of any form
- Must not have previously been accepted into an accelorator or incubator
- Cannot cannot have any legal form of incorporation
Once submitted the idea is finalized for that round, if the team/individuals advance in the competition the idea may be amended based on comments and feedback from mentor/coach. Although amendments can be made, the fundamental idea cannot change from round to round.