T. H. Thomas Business Innovation Competition

Why?

A business innovation competition in honor Thomas H. Thomas, a lifelong learner and loyal family man.

This competition will be hosted among local HISD high schools in the Heights and Greater Heights areas of NW Houston.

Create teams of 2-4 people
Develop a business plan based on the case study provided below.
The business plan can be completed in any format (ppt., video, MS Word, etc.), but should include key elements:
- Executive Summary
- Company Name
- Promotional Strategy
- Market Analysis/ Competitive Landscape Assessment
- Target Customer(s)
- Business Model: How will you generate revenue?
- 1st Year Financial Projections
  - Startup costs
  - Projected monthly expenses
    - Raw materials
    - Marketing costs
    - Etc.
  - Projected monthly revenue
    - Pricing strategy rationale
Teams will receive mentorship from a member of Impact's Strategic Advisory Board
Teams will be judged on the following criteria:
1. Clarity of Value Proposition (20%)
2. Financial Viability (20%)
3. Operational Strategy (20%)
4. Communication Skills (20%)
5. Innovation/ Creativity (20%)
The winning team will claim a $1,000 scholarship prize!