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Georgia Institute of Technology Chapter - Engineers Without Borders, presents the
2012 Saclepea Economic Empowerment Competition
Grand Prize: US$300 Second Prize: US$200 Awards of Merit: US$100
Competition opens April 1, 2012. All entries must be received by June 15, 2012. Winners will be announced August 1, 2012. Nature of Competition: A contest open to citizens of Saclepea to choose the best proposal(s) for a new business in Saclepea which will make use of the resources of Saclepea and of the internet and computer facilities of the Saclepea Community Computer Center (SCCC). Purpose of Competition: This competition serves multiple purposes: The contest will identify a number of viable business proposals which may then be funded and implemented in Saclepea, providing employment and relieving the oppression of poverty. It will generate interest in the SCCC and increase business there. It will directly encourage and foster the use of the internet and computers as contestants conduct research and prepare their proposals. Conducting the competition will inject cash into the system, generate excitement in the area, and bolster the morale of our workers and board members. Rules for competition must be agreed to by all entrants. Rules are shown below and at https://www.facebook.com/SaclepeaCommunityComputerCenter. 1. NO PURCHASE NECESSARY TO ENTER OR WIN. There is no fee to enter this contest, but entries must be submitted electronically via email. 2. Contestants must meet residency and eligibility requirements. Employees and directors of WACC, Georgia Tech, and SCCC are not eligible. Residency / eligibility must be certified by the SCCC. 3. Entries must be submitted through the SCCC for evaluation by a panel of judges in Liberia and the United States. Entrants must have a valid email address. 4. Entries must be in the format specified by SCCC and must be received by June 15, 2012. Contestants are urged to submit entries early to allow time for follow up questions from the panel of judges. Winners will be announced on August 1, 2012. Decisions by SCCC and WACC regarding winners are final. All dates are subject to change at the sole discretion
of contest sponsors.
5. LIMIT ONE (1) ENTRY PER ENTRANT. Subsequent entries will be disqualified, but entrants are permitted to modify and resubmit their entries until the contest closure date. 6. Factors considered in judging the entries and associated weighting factors are as follows: 30% Potential profitability: (Provide a basic budget for the first few years including revenues, expenses, initial investment. Is this business feasible? Are the necessary skills available in Saclepea? List all businesses offering similar products or services in Saclepea.) 15% Gender Equality: (Can this business be operated by both men and women?) 15% Use of local resources including people: (Will this business utilize renewable local resources such as agricultural products? How many people is it likely to employ?) 15% Benefit to community: (Will this business buy from local producers? Will this business provide a service which is useful to the local community?) 15% Low start-up cost: (Preference is given to business plans which do not require
excessive start up costs). 10% Originality: (To what extent will this business be the first of its kind to operate in Liberia or Saclepea?) Restrictions: Ideas for business opportunities do not have to be original. Contestants may borrow from business proposals from other companies or mix ideas from multiple existing businesses in Liberia or elsewhere. Multiple persons may work together on business proposals, but prize money will be awarded to the single person whose name appears on the entry form. (Joint winners will be responsible for determining among themselves how to allocate any prize money.) All entries become the property of SCCC and may be published in WACC and SCCC promotional material.