ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Not so FAQs 2 rounds left (March 3; March 31) Live presentations Judges Judging criteria Submitting ppts/pdfs Videos Award monies Awards Showcase ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Teams ALL team members must be listed on the competition site Pitt students must lead this competition If you have students from other institutions they cannot win $ or present Teams consist of at least two students ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT innovation.pitt.edu ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Communication during the competition from us is primarily throughPLEASE READ THEM! NOTE ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Saturday, Feb 27, Practice Your Pitch 9 a.m. to noon, WPU 5 th floor sign ups for time slots viaThursday, March 3, Big Idea 2 (semi-final) 9 a.m. to noon, WPU sign ups for time slots viaImportant dates ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Finalists announced Thursday afternoon March 3 BYThursday March 3, Meet Your Mentor 4 6 p.m., OSC Ballroom Saturdays March 19 and 26, Elevator Pitch Tutorial and Practice 9 a.m. to noon, WU 548 Important dates 2 ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Thursday, March 31 noon to 3 p.m. Big Idea 3 (final presentations) Alumni Hall Thursday, March 31, Awards Showcase 4 6 p.m., Connolly Ballroom, Alumni Hall ACC InVenture Prize Winning undergraduate team Travel to Atlanta GA Tech for April 5-6 Important dates 3 ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT EIRs Chip Hanlon Serial entrepreneur Don Morrison Serial entrepreneur BlueTree Allied Angels ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Additional help Greg Coticchia Director Blast Furnace Susan Dorff Program Manager Me ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Grand prize (only 1)$ 25,000 2 nd prize (3 of these)$ 15,000 3 rd prize (4 of these)$ 5,000 4 th prize (4 of these)$ 2,000 Peoples Choice video (1)$ 1,000 Live Voting at Awards Showcase (1) $ 1,000 Total prizes$100,000 ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT All team members get the same amount There is paperwork For foreign students, there is more paperwork Processing doesnt start until all the teams paperwork is in If you dont want the money, you cant specify who gets the money We cant write checks to companies, only to individuals Prize money ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Money for grand prize and 2 nd place (4 teams) will be milestoned in 2 tranches: to receive the second 50% of the money you must complete the Blast Furnace NOTE ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT This competition is about WHAT not HOW DO NOT DISCLOSE YOUR SECRET SAUCE NOTE ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Presentations 5 minutes and you will be timed Suggested outline: Introduction Problem you are solving Solution Market Customers Competition Revenue model Team Conclusion ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT For Practice Your Pitch Upload 5-minute ppt/pdf by Thursday, February 25, 11:59 p.m. Upload herehere For Big Idea 2 Upload 5-minute ppt/pdf by Monday, February 29, 5 p.m. Upload herehere For Big Idea 3 Upload 8-minute ppt/pdf by Monday, March 28, 5 p.m. Upload herehereUploading ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Judging criteria 1.Big idea itself (product/technology/big idea) 2.Market (size and viability) 3.Customers (who are they) and clear value proposition (whats in it for them) 4.Competitive analysis/competitive advantages 5.Revenue model (can you build value) 6.Team (who are you and why are you the right team) ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT If you want to change your team members you need my permission If you want to change your project, project name, etc. THIS IS FINE Changes ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Peoples Choice video You make a video 2 minutes Prior to March 20, you upload it YouTube or Vimeo We then display it on a site You get your friends etc.to vote for you The most votes wins $1000! DO NOT CHEAT (we will find you out) ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Peoples Choice Video By Sunday, March 21, 11:59 p.m. REQUIRED for Big Idea 3 competitors Upload your video Youtube or Vimeo Submit your link herehere The video must be less than 2 minutes. Video is part of your presentation for Big Idea 3 Dont duplicate your presentation Make your video say things that you dont or cant in your pitch ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Video requirements Publicly accessibly video No passwords YouTube or Vimeo The video is displayed on the page after they submit; test if the video link is correct DO NOT REVEAL CONFIDENTIAL INFO All images and language used in videos and presentations must be legal and valid uses do not use copyrighted material such as background music ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT 2 words of caution Dont disclose any confidential information in your video or presentations All images and language used in videos and presentations must be legal and valid uses do not use copyrighted material such as background music ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Live voting All finalists will have a booth at entrance to Awards Showcase They will vote for their favorite This will be live during the Awards Showcase In conjunction with Nymbus app Prize is $1000 ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Winning undergrad team coaching travel to Atlanta April 5-6 $30K in prizesinventure-prize ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC #PittBigIdea ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT THE PITCH ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT This competition is a business presentation NOTE ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Presentations Introduction Problem you are solving Solution Market Customers Competition Revenue model Team Conclusion ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Who pitches? Everyone? One person? ITS UP TO YOU! ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Q&A Conductor Divided by expertise One person only ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Customer discovery Know your market Know your customers (who pays?) Know your competition ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT