Holloway Competition Details

Holloway is a multi-track business competition that challenges students to develop viable products or services and present plans to bring them to market.  Get out of the classroom and into the real world. 

Registration for our 2022 competition will open in February   

Holloway Competition Student Presenter

Over the past 34 years the Holloway Competition has awarded over $1.2 million to USNH students to pursue their business ideas. In the championship round, six teams compete for nearly $35,000 in cash awards. 

The 20 teams that advance to the Semifinal Bud Albin Challenge Round also receive cash prizes of at least $300 per team, usually totaling over $5,000.

Prizes

$15,000 - 1st Place Team
$10,000 - 2nd Place Team
$5,000 - 3rd Place Team
$1,000 - Runner-Up Teams

Do you have an idea for a new business or innovative solution to a pressing problem?  The Holloway Competition is your chance to turn dreams into reality. Entries should be innovative, feasible to implement and address an identified market need.  To get started, simply:

Pick a track

The distinguishing feature of your venture will determine your track within the competition. First place winners in each track within the Semifinal Bud Albin Challenge Round will continue to the Championship Round. During registration you can select your preferred track, however the Holloway Competition Chair reserves the right to change track assignments. 

 

High Technology

 

High Growth Potential

 

Sustainability

 

Service & Hospitality

Build your team

Holloway Competition teams may have a maximum of four active members. Participation is open to all currently enrolled undergraduate and graduate students from any discipline within the University System of New Hampshire: UNH Durham, Manchester, and Law School; KSU, PSU, GSC. Teams may have members outside of the USNH system, but they are not allowed to directly participate in the Competition. 

Every team is required to have a faculty advisor.  Any USNH faculty member from any department can serve as your advisor for the Holloway competition. We encourage you to seek an advisor that has expertise in an area of your entry that you (ideally) already know from classes, project work, etc.  

If applicable, participants may have two faculty advisors: one serving as a subject–matter expert and the other as a business expert. Non-business majors are encouraged to contact a business faculty advisor as well as a faculty advisor in their specific discipline. 

The UNH E-Center is the co-curricular heart of ideas, innovation, and entrepreneurship at the University of New Hampshire and is open to all students from any college or major. They offer 1:1 coaching and mentoring - everything from a quick question to on-going weekly sessions are available at no cost to you.  

ECenter executive director Ian Grant has been the faculty advisor for many winning Holloway teams.  Request a meeting for a one-on-one coaching session. 

  • Hachemi Aliouche, Ph.D.
  • Audrey Ashton-Savage, M.B.A.
  • Shane R. Baker
  • Nelson Barber, Ph.D.
  • Ludwig Bstieler, Ph.D.
  • Jianhong Chen, Ph.D.
  • Michael R. Collins, Ph.D.
  • Caitlin DeSoye, J.D.
  • Diane Devine, M.B.A.
  • Devkamal Dutta, Ph.D.
  • John D. Ela, M.A.
  • Diane L. Foster, Ph.D.
  • Robert A. Gough Jr., Ph.D.
  • Ian Grant
  • Roger Grinde, Ph.D.
  • Todd C. Guerdat, Ph.D.
  • Kholekile L. Gwebu, Ph.D.
  • William Hassey, Ed.D.
  • Meghan Heckman
  • Daniel E. Innis, Ph.D.
  • Valentini Kalargyrou, Ph.D.
  • Jun Li, Ph.D.
  • Carl Lindblade
  • Jerry E. Marceau
  • Michael Merenda, Ph.D.
  • Lee Mizusawa
  • Ivaylo Petrov Nedyalkov, Ph.D.
  • Neil Niman, Ph.D.
  • Matthew S. O'Hern, Ph.D.
  • Bruce E. Pfeiffer, Ph.D.
  • George Roth, Ph.D. 
  • Jeffrey E. Sohl, Ph.D.
  • May-Win Thein, Ph.D.
  • Elizabeth Varki, Ph.D                    
  • Fiona Wilson, Ph.D.
  • Daniel R. Winans, M.S.
  • Goksel Yalcinkaya, Ph.D.

* Advising Holloway participants is strictly voluntary for faculty members and faculty members are free to advise as many or as few participants as they choose. 

Pre-competition information sessions are designed to help students recruit teammates who specialize in disciplines they may personally be lacking: a business student to help develop a business plan from a financial and marketing perspective, an engineering student to help conceptualize how a product should be designed, a computer science student to create a software prototype. Prospective ventures and services can span any number of fields of expertise!

1. Participants must provide honest and accurate information in registration, written materials, pitches, and all other aspects of the Competition.

2. Participants must treat staff, faculty, volunteers, judges, fellow competitors and all others involved with the Competition with respect and professionalism.

3. Participants commit to participating in all rounds of the Competition to which they have been invited. 


4. The judges’ decisions are final.   


5. Participants understand that the Competition is a public event and have adjusted their intellectual property approach accordingly. 


6. In-kind prizes will be awarded to finalists based on the discretion of the sponsor and/or the Competition Chair. Cash prizes are awarded according to the schedule on the Competition website. 


7. The Competition Chair can remove any team that violates these rules.

How the competition works

 

The Holloway Prize Competition has four rounds – initial registration, selecting 20 semi-finalist teams, selecting six final teams during the Semifinal Bud Albin Challenge, and the Championship. Each round is designed to help the remaining teams grow and polish their business plans.

2022 Date Time Description
 

February

 

Registration Opens

  TBA TBA Information Session #1

 

TBA

TBA

Information Session #2

DEADLINE 

Thurs., March 3

by 11:59 p.m.

Deadline to submit 1st round entry by 11:59 p.m.

 

TBA

 

Notification of advancement to 2nd round.

DEADLINE

Thurs., March 24 

by 11:59 p.m.

Deadline to submit 2nd round entry (by invite).

 

TBA

 

Notification of advancement to Albin Challenge (semi-final) round.

DEADLINE

TBA

by 11:59 p.m.

Deadline to submit semi-final entry (by invite).

 

TBD

12-2 p.m.

Nelson Poster Competition (OPTIONAL)

 

Fri., April 22

TBA

Bud Albin Challenge Semi-Final and Runoff Rounds

DEADLINE

TBA

by 11:59 p.m.

Deadline to submit revised proposal (by invite).

 

Wed., May 11

TBD

Paul J. Holloway Prize Championship Round

ROUND ONE: Submit your Pitch

Participants must prepare two components as part of their registration for round one of Holloway: a two-page written summary and a max 90-second video presentation.

These materials will be used to judge the first round – judges will evaluate each of your answers on a 7-point scale and assign 30 points for the overall quality of your written and video submissions.

As you start the competition, we fully understand that many of our questions will be challenging. Please do your best to present thoughtful and professional answers. In general, strong answers are:

Specific – Offer a direct answer to the question

Well-Reasoned – Make clear why you arrived at this answer over others

Empirically Supported – Replace assumptions and anecdotes with research

Mutually Exclusive and Collectively Exhaustive – Eliminate redundancy while not leaving gaps

If you feel stuck, don’t be shy about accessing the support resources UNH has available.

Answer the following questions to the best of your ability. Entries are limited to two single-spaced pages with no smaller than 11-point font. You do not need to include copies of the questions in your entry, but please number your answers 1 through 10. Please also include the name of each team member and the name of your product/service/company.

1) Entrepreneurship is commonly thought of as an exercise in problem solving, so to start things off, tell us about the problem you are interested in solving.

2) Next, tell us about your solution. At this point, your solution can simply be an idea or vision for a product or service, it does NOT need to be a prototype, working app, etc. [Examples: Uber offered a new solution to the problem of taxis being hard to find]

3) Describe how your solution is better than current solutions?  Think about how your solution is more valuable from the perspective of potential customers than current solutions (this will form the core of your “customer value proposition”). [Hint: Common value propositions include being easier to use, less expensive, more reliable, safer, more accurate etc.]

4) Next, tell us about how your solution works and how you plan to protect it? Is it built on an underlying technology? Is it a different approach to offering a service? Is it a new kind of process? etc. Is there any intellectual propriety (Patents, Copyrights, Trademarks) associated with your solution? If not, how do you plan to protect it from competitors?

5) One option for entering the Holloway Competition is to present someone else’s idea. If you are presenting your own idea, please go to Question 6. If you are presenting someone else’s idea, please specify the owners and provide written permission to the Chair to present this idea at the Holloway Competition.

6) Now, tell us about the market for your solution. Who will be your first customers (i.e. early adopters) and how many are there? How about other groups of customers? Add these together to estimate the overall market size for your solution and share how this overall market changing (i.e. is it growing, etc.)

7) Describe your revenue model and pricing models. How did you decide on these? Offer as much detail and support as possible. [Hint: A revenue model shows how you will be paid for providing your solution. Common revenue models include subscription (e.g. Netflix), ad-supported (e.g. Google), “Freemium” (e.g. LinkedIn), and direct-sales (e.g. Tesla)]

8) Describe your sales and distribution plans. How will you reach your customers to let them know about your solution? If they decide to purchase your solution, how will you deliver it to them?

9) Tell us about your team. Cover your backgrounds, skills, connections to this problem/solution etc. Do you have any business, technical, or industry experts that have agreed to advise you in developing your venture?

10) Help us understand how you arrived at your answers to questions 1-9. Did you conduct interviews with customers, industry experts, key partners etc.? Did you administer any surveys?  Did you analyze reputable secondary data sources? Please offer as much detail as possible.

Success in the entrepreneurship depends, in part, on how effectively you communicate your elements of venture. Strong presentation skills make your “pitch” more effective and can gain support from key stakeholders. You job is to tell a story of your venture that connects emotionally, as well as rationally, and present it with energy and conviction. 

First round video submissions must adhere to a strict maximum length of 90 seconds. 

Your stand-alone, original video pitch should highlight the following: 

  • The problem that your product or service is intended to address.

  • Your proposed solution – that is, how your product or service addresses the market need.

  • How it will attract customer and sales (your value proposition) and investors’ interests. 

Technical Specifications: 

  • .mov or .mp4 file

  • Resolution of 720p or 1280x720 progressive (Note: these mean the same thing - some video programs use one label, while other programs use the other.)

  • Codec: H.264 set to a minimum of "medium high" quality (Note: most programs ask you to specify quality on a range from Lowest to Highest - somewhere around medium high to high works well, or if it's a numerical scale, about three-quarters of the way up.)

  • Challenge entrants in all tracks are encouraged to contact UNH’s Parker Media Lab with questions about video formatting. PML is located in the Dimond Library on UNH’s Durham Campus. You can contact them for advice by phone at (603) 862-1747 to speak with any of the staff team, or by email to reach PML’s manager michael.mcintire@unh.edu

You're selected! Now what?

After registration, future rounds of the Holloway Competion are by invitation. If you are selected to proceed to the second round (and beyond), here's what you need to know:

Teams advancing to this round are required to expand or modify their answers to our initial questions (1 through 10) with more detail, as well as additional questions 11 through 16.

They will also expand their business proposal to include an executive summary and simple pro forma cash-flow and income statements. At this time, teams may also revise and resubmit their max 90-second video describing the problem and solution.

Your written submission should have:

  • One-page executive summary as your cover. 

  • Five pages to answer all questions (1 – 16).

  • Three pages of financial statements and other information you may want to submit. This could include marketing materials, product schematics, timeline or survey data, or any materials you wish to reference in your answers to the questions.

  • Your entire written submission (maximum of 9 pages) must be uploaded as a single PDF document. 

 

Twenty teams will advance from this round to the Semi-final Bud Albin Challenge Round.

 

Questions 11 - 16 will help you describe the assumptions, highlights, support, reasoning, etc. of your financial model. Please always include the question number with your response and use appendices for required financial statements.

11. One of the early challenges entrepreneurs always face is transitioning from idea to “first sale.” Describe in detail your “go-to-market” plan to address this challenge and the costs your venture will incur prior to earning significant revenue. 

12. After entering the market, entrepreneurs need to grow their ventures to become financially sustainable. Describe in detail your plan for “scaling” your ventures. As part of this plan show, how your cost of goods sold, gross margins, geographic footprint and other key metrics change as your venture grows.  

13. Sales forecasting is difficult even for established companies in relatively stable markets, but it is even more challenging for new ventures. Despite this, the potential size and growth rate of your business is a critical thing to estimate. Provide a credible estimate of the potential scale of your venture.   

14. To generate a more holistic financial picture of your venture describe in detail the fixed expenses your ventures will incur as it launches and grows. 

15. Entrepreneurs usually need to marshal resources beyond what they personally control and financial resources often pose a particularly challenging hurdle for new entrepreneurs. Please describe how you will assemble the financial resources needed to launch, scale, and operate your venture and what you will offer resource providers in return. 

16. Launching, scaling, and operating a new venture never goes according to plan. Please list the top 3-5 risks your venture faces and how you plan to mitigate these risks.

In the appendices, please include a minimum of: 

  • Monthly cash flow for Year 1

  • Annual Cash flow for Years 2-5

  • Income Statement Years 1-5 

Twenty teams will advance to the Semifinal Bud Albin Challenge Round to present their case before a panel of industry judges who have reviewed their written submissions and videos.

Students are allotted ten minutes to present (inluding their video) followed by 15 minutes of Q&A with the judges.

New assets should include a PowerPoint, a poster, and, if possible, a prototype of their innovation. Posters are not required to be part of the formal presentation.

At the conclusion of the Bud Albin Challenge Round, all teams will receive detailed feedback from the judges. Four teams will be announced as the winners in their track and move on to the Championship Round. The second place winners in each track will then compete in a run-off round and present again to a separate panel of judges. The top two teams in the runoff will move on to the Championship.

Ultimately, six teams will advance to the Championship Round.

At this time, over $5,000 in cash prizes will be awarded to all teams not advancing to the Championship Round. All first-place teams in each of the four tracks are guaranteed a spot in the finals. Two second-place teams will also advance.

$600 - 2nd Place Teams 
$500 - 3rd Place Teams 
$300 - Runner-up Teams 

Six teams will advance to the final round of the competition.

Each team will show their video, followed by five minutes to present their case before a panel of industry judges, and ending with 12 minutes of Q&A with the same judges.

What makes the Holloway Prize Championship Round very different from previous rounds is the public nature of the presentations. The Championship Round is open to the public, with an audience comprised of business people; venture capitalists; UNH faculty, staff, administrators, and students; as well as family and friends of contestants. Presentations will also be recorded for public distribution.

Feedback from your advisor and the Semifinal Bud Albin Challenge Round judges should be used to further refine your presentation for this round. Presentation order will be randomly selected. All team members must be present during all presentations, and business professional dress is required. Teams may use props during their presentation.

Questions? Email holloway.prize@unh.edu

HOLLOWAY SUCCESS STORIES