well i was hoping to get things started in the first term, but because it was still up in the air at that stage about Dare going ahead or not, thats was not going to happen.
personally, i think that from the start of feb to the end march would be the right time for it, just before the half way point of the uni courses. Of course its hard to please everyone, but i think the contest is aimed at uni students, and the current timetable does not reflect it.
leaving it later also has the problem of exam time. that not a worry in my course as we are all course work, but i know that other course have more exams, they would start mid may till mid june, i think.
Ideally the ball should be rolling in the first term and then you have after then exams in jan, to get the presentation sorted.
hope this helps