This is a legal and binding document. Please read the following requirements. Your completed application to the CHYE Business Plan Competition indicates you have read, understand and agree to abide by these rules.
I. Location. Any business entering the CHYE Business Plan competition must be located in a Chabad Anash community in North America.
2. Start Ups Only. All businesses must be in the start-up phase with a need for investor capital. Businesses in operation for less than one year or with revenue of less than $50,000 are eligible. Businesses in operation before May 2, 2015 are not eligible. Businesses with gross revenue above $50,000 before May 2, 2016 are not eligible.
3. Individuals or Teams May Enter. Applicants can enter only once, as an individual or as part of a team of up to four, as long as all members are involved in the proposed business described in the application. The team leader will be the person who has attended the orientation and will be the person under whose name the application is submitted. The team leader is the main contact and one other member should be designated as the secondary contact. All team members will acknowledge their understanding and acceptance of the Rules and Eligibility Requirements.
4. Residency. At least one member of the team or the individual applicant must be a registered US or Canadian citizen.
5. Age. All applicants must be 18 years of age or older.
7. Email. All applicants and team members must have a working email address. Throughout the competition the CHYE staff will communicate with participants via email.
8. Application. The application deadline is Sunday May 15 at 11pm. Apply online at www.CHYE.info. Further details are provided in the Application Process document.
9. Classes. All applicants or at least one team member should watch the classes. The class schedule is posted above.
10. Business Assistance. As part of the program,a CHYE business coach, will be available to assist you with your business plan needs.
11. Business Plan Deadline. All CHYE business plans-must be submitted by Sunday June 5th at 11pm. Plans must be submitted in electronic PDF format. Applicants who submit a plan will be notified by email of its receipt.
12. If you are selected as one of the 6 finalists, you are required to come into NYC for the live finalist event.
13. Disbursement of Funds. Prize money will be awarded to the winners at the end of the competition. Winners have the responsibility for allocating prize proceeds. The prize awarded represents the total financial amount that will be given to a team leader to be used for the purposes stated in the· CHYE Business Plan. The organizers of CHYE Business Plan Competition Committee will not be involved, either voluntarily or by request, in a team's decision concerning the allocation or use of its prize proceeds. These awards are taxable and CHYE must receive each winner's Company Taxpayer Identification Number prior to issuing a check. No prize will be made out to an individual’s name.
16. Disqualification. This document, CHYE Rules and Eligibility Requirements, is legal and binding. Your application to CHYE indicates you have read, understood and accepted the rules and requirements set forth in this document. Violation of any one or multiple rules for eligibility may result in disqualification from the CHYE Business Plan Competition.
17. Confidentiality. Recognizing that entrants may be concerned about the confidentiality of their business plans, the plans will not be copied for any purpose other than the competition. Business plans submitted online will be purged from the site at the end of the competition. The short description of your business will be considered a "public summary,” and may be used in public documentation related to the competition. While all reasonable measures will be taken to ensure the protection of intellectual property and preserve the confidentiality of each submission, CHYE cannot take further responsibility to protect the intellectual property or other rights of each contestant. Protection of such rights is ultimately the responsibility of each applicant.