I think it's certain that people who participated in the Challenge Cup (and went out) will remember this experience very much. So I also take this opportunity to share my memories with you.
Our team was lucky enough to win the national gold medal in the 8th Challenge Cup Business Plan Competition, and participated as the only actually registered student start-up companies (registered capital 1 10,000) among the participating teams at that time, adding points to the competition itself.
It is worth noting that two years later, the company is still operating, and many members stayed in the company after graduation, with good benefits. Regarding the evaluation of this competition, I very much agree with a friend in front, that is, "I heard that it was particularly powerful when I was at school, but I felt that I had some gains after I participated in it, but I found that it was nothing more than that after graduation." Looking back briefly, I participated in this competition in my sophomore year at Institute of Electronics. This product is an independent research and development project in the direction of RFID, with four real patents. I am personally responsible for a small part of the technology and all other assistance in the team. The so-called assistance is product mining, all PPT, lecture notes, stage speech design, art design and so on. Before the competition, the participating teams have received100,000 yuan to set up small companies, and the registered capital has increased to 6,543.8+00,000 yuan after entering the provincial competition. Finally, after countless all-nighters, numerous revisions and numerous arguments, we won the national gold medal at Jiaotong University, and everyone shed tears with excitement. Our school attaches great importance to the Challenge Cup competition, whether it's a big competition or a small competition, and its achievements in the province are also very good every year.
Therefore, the Youth League Committee of the school will assign responsible teachers and teams to help students participate in the competition every year. This process includes all kinds of training and sand table training, which should be a relatively high-standard business training in school. After leaving school, the higher the level of competition judges, the fewer teachers, and more businessmen and investors will enter the competition judges, which will help the team's project planning and the self-improvement of members. During the competition, we got to know Xu Xiaoping and other well-known investors, and also put forward many sharp criticisms and opinions on students' entrepreneurship, which was very useful. The positive energy of the competition lies in that it is one of the highest-level competitions in terms of the resources that the school can give, and it is a competition among universities across the country.
Students and teams participating in the competition must be the man of the hour in their school and have something they can really learn from. Through the year-long competition, you can go from a student to a professional, feel the real pressure and get in touch with a practical business model (although it is exaggerated). As far as a competition is concerned, it is very worthwhile to participate. So my first suggestion is that if you are a good student, have a certain vision and want to get more resources and opportunities on the platform of colleges and universities, you must take part in this competition. On the other hand, let me talk about the shortcomings of this competition. First of all, we clearly see that this is a competition and a "business plan" competition, which determines that most projects stay at the planning level. Most of the entries may be semi-finished products packaged and processed by teachers or predecessors, and the patents may not necessarily belong to their own teams. After seeing the essence of the game clearly, we will find that the content of many teams' games is empty and boring, and even they don't know the quality of this product (because they didn't develop it themselves).
The contest is divided into four parts: technology, market, operation and finance. Except that everyone's technical products and market segments are different, most of the operational and financial contents are similar. On the one hand, the achievements of predecessors paved the way for the younger generation, but they also ossified everyone's thinking. I watched the preliminary competition of the school this year. Too many teams have to achieve 50 million sales in three years. People who don't actually go to the market won't understand the concept of these numbers. That's what our predecessors wrote, so we're not bad. Most of the registered capital is around100000, and the proportion of technology capital and venture capital is similar. When I asked them why they set this ratio, basically no one could answer. Therefore, we can see that the competition itself may be relatively empty, and we must go out of the school or even go out of the province to get exercise and gain on a higher competition platform, while most teams stop at the school competition (a school in our province can probably send about 3 teams to enter the national competition).
Therefore, if you are a person who really has entrepreneurial ideas and ambitions and really has good projects and opportunities, I suggest not to bring too many formal things to participate in this competition. I'm afraid it's not very efficient to simulate your own entrepreneurial process through competitions. Morningstar Growth Plan can provide 300,000 to 300,000 growth funds for college students, which can be used for growth expenses such as studying abroad, training, postgraduate entrance examination and interest cultivation. Please visit official website for details.
Take our company as an example. The first stage of the Challenge Cup competition is the most harmonious period for the company team. However, after leaving the school, our energy was greatly consumed by the teachers of the Youth League Committee and the guidance group who kept an eye on the revision of the plan and various training matters. A lot of flashy content has been added to the product to please the competitors themselves, and endless team exchanges and inspections have been carried out. After this year, the company entered a downturn, and it has barely emerged from the gloom until now. The market itself is the best school and the best platform. I always think that domestic higher education is still relatively backward, and the regularization of sports events accounts for a considerable proportion. After the Challenge Cup, I left my original startup and started a new business. Now that I am still on the road, I feel more and more that only by doing it with live ammunition can I exchange my blood and tears for unforgettable lessons and really grow up at once.
Finally, I strongly recommend my junior students to participate in the Challenge Cup competition. Most of their students live a mediocre life, and there are really too few people who can sow their little dreams. It is really a good choice to force yourself to go out through a game and a process. Moreover, after the Challenge Cup enters the national competition, many experts can learn a lot. Above.