Samsung contest pays $10,000 for best business plan using a flexible display

Samsung contest pays $10,000 for best business plan using a flexible display
If you have a great idea on how to change people's lives with the use of a flexible display, you could win some cash from Samsung. The Korean OEM's Samsung Strategy and Innovation Center and Samsung Display are both hosting the Flexible Future Business Plan Contest. Starting on Noon ET on August 29th, you can submit a business plan that must feature the use of a flexible display. In other words, current screen technology cannot be used for your plan. Your idea must be designed for a high volume market that is viable from a commercial standpoint and has to show a positive risk/reward ratio for Venture Capitalists. In other words, your plan must have the ability to make money.

Samsung is not requiring that entrants put a timeline in their plan. If you do use one, it can be a simple T+6months, for example. Samsung also is not asking you to make assumptions on what your idea would cost. Instead, they want you to figure out what value your business plan creates and compute how much you could pay for flexible displays to make your business plan commercially viable.

At the sourcelink is a number of rules that you need to read before submitting your business plan. If you get your plan in by September 15th, you will be eligible to receive feedback from Samsung about your plan. The final submission date is October 6th. The best business plan wins $10,000 while there is a $5000 second place prize and $2500 for third place. Good Luck!

source: SamsungFlexibleFuture via SamsungHub

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