Task: 1. You are to make a formal presentation to a Development Board, to persuade them to give you $50,000 to develop your idea further and to meet your expenses while you complete a Business Development Plan. 2. Groups are encouraged to be creative in their approach. Use whatever props you feel are appropriate. Sample products are often a good idea. 3. A data show is available. If you use PowerPoint, remember to include visuals/graphics. 4. It would be to your advantage to set the room up before the presentation, in a way that is advantageous to you. 5. Dress appropriately; you are asking for money, this is a formal occasion. 6. Check the marking criteria and ensure that your presentation meets these. 7. The presentation will be 15-20 minutes long. A warning will be given at 16 minutes and you will be stopped at 20 minutes. A further 5 - 10 minutes is spent on questions. 8. Everyone must speak and participate equally in the presentation. 9. You may be questioned on a component of the business that you have not presented on. 10. Specifically, in the presentation, you are required to: Give a clear explanation of your product/service State the competitive advantage i.e. describe what is unique or special about the idea and why the idea will be successful Give a profile of team members to convince the Dragons that you are worthy of a grant and have the necessary skills to spend their money wisely. Identify the target market and hypothesise on market need using secondary research and why the time is right for your idea now Give ‘ballpark’ financial requirements for the idea i.e. capital estimates, product/service cost components, selling prices etc. Identify any major legal hurdles/areas of investigation Show the grant requirements and how the money will be spent. Answer questions from the Dragons.