Each team advancing to round two may request a mentor who will serve as an advisor or coach. These individuals have significant entrepreneurial experience and can provide valuable advice to teams as they develop the business model and write the business plan.

For all teams advancing to round two, Palo Alto Software provides free access to the No. 1 online business planning software. LivePlan is packed with easy-to-follow instructions, helpful advice, and over 500 sample business plans to help as teams write the business plan for round 2. See the Palo Alto Software website for more information about LivePlan.

Workshops may address the following topics: the importance of writing a solid business plan; IP and legal issues relating to startups; sources of funding; building a solid management team; essentials of the lean startup; and much more. Information regarding workshops will be provided to all teams advancing to round 2.