Technology Innovation Challenge
About the Competition
Intent to Compete (Fall Semester)
For teams that will be competing in the Executive
Summary & Elevator Pitch Competition, teams will draft a short initial
proposal, which will be used to confirm eligibility of the team members, advisor(s),
and technology. The proposal contents will be confidential to faculty and staff
administering the competition. Please click here for the Intent to
Compete Form. Please note that if you submit an Intent to Compete
Form in the fall semester, you will not need to resubmit in the spring
semester. By submitting the intent to compete form in the fall, you are confirming
your eligibility for the Executive Summary & Elevator Pitch Competition
and the Mini-Plan Competition & Final Competition.
|
Date
|
Time
|
Topic
|
|
|
|
Submit Intent to Compete Form
for the Executive Summary & Elevator Pitch Competition and Mini-Plan
Competition & Final Competition
|
Full Calendar
Executive Summary & Elevator Pitch Competition
Each team will submit to the judges a two or three page
executive summary of the business plan and concept. This summary will follow a
standard format and will address the company’s background, what the business
seeks to accomplish, the technology and strategy that will be used to launch
the business, the company’s competitive advantage, and what need/niche the
product fills in the market. Each team will have an opportunity for team leader
to present a two-minute elevator pitch to the judges. An award of $5,000 will
be presented to the Best Executive Summary & Elevator Pitch. In-kind prizes
of donated professional consultation will be awarded to the 1st, 2nd and 3rd
place teams.
|
Date
|
Time
|
Topic
|
|
Monday, November 28, 2005
|
8:00 AM
|
Submit Executive Summary & Elevator Pitch for the Technology Innovation Challenge
|
|
Friday, December 2, 2005
|
5:00 PM
|
Announcement of Finalists for Executive Summary & Elevator Pitch for the Technology Innovation Challenge
|
|
Wednesday, December 7, 2005
|
2 Hours
|
Executive Summary & Elevator Pitch Competition for the Technology Innovation Challenge
Keynote Speaker: TBA
-
General Discussion of the Speaker’s Experience with Entrepreneurship and Technology
|
Full Calendar
Intent to Compete (Spring Semester)
For teams that did NOT compete in Executive
Summary & Elevator Pitch Competition, but they want to compete in the Mini-Plan
Competition & Final Competition, the teams will draft a short initial
proposal, which will be used to confirm eligibility of the team members,
advisor(s), and technology. The proposal contents will be confidential to
faculty and staff administering the competition. Please click here for
the Intent to Compete Form. If your team submitted in the fall semester,
you will NOT need to resubmit.
|
Date
|
Time
|
Topic
|
|
Monday, February 13, 2006
|
8:00 AM
|
Submit Intent to Compete Form
for the Mini-Plan Competition & Final Competition
|
Full Calendar
Mini-Plan Competition
All teams will provide an executive summary as
well as a mini-plan to the panel of judges. The mini-plan, not to exceed 5
pages, will provide a more detailed description of the actual product or
service, how it will be designed or developed, its anticipated market,
distribution, and promotion, as well as its market price and expected financial
performance. The faculty member participating will attest to the technical
feasibility of the proposed innovation.
A panel of 3-4 judges with appropriate expertise
will screen the mini-plans. Up to 5 teams will be selected to move forward in
the competition.
|
Date
|
Time
|
Topic
|
|
Monday, February 27, 2005
|
8:00 AM
|
Submit Mini-Plan for the Technology Innovation Challenge
|
|
Friday, March 10, 2005
|
5:00 PM
|
Announcement of finalists from the Mini-Plan Competition for the Technology Innovation Challenge
|
Full Calendar
Final Competition & Banquet
ONLY the teams selected from the mini-plan are eligible to compete in the final competition.
At the event, each team will give an oral presentation
to the judges and audience members. A keynote speaker will address the crowd
while the panel of judges convenes behind closed doors to determine a
competition winner. The judging panel will announce the prize at the end of the
banquet. A single prize for the final competition of $45,000 is proposed. It is
expected that the prize will be used to advance the business plan towards
commercialization. $20,000 will be awarded immediately, and a maximum of
$25,000 additional awards will be made as decided by the judges, contingent on
milestones proposed in the business plan. A single team can be awarded a
maximum of $50,000 with a successful executive summary and elevator pitch in
the fall, plus a first place award in the final competition and endorsement of
the judges and accomplishment of all milestones.
|
Date
|
Time
|
Topic
|
|
Monday, April 10, 2005
|
8:00 AM
|
Submit complete business plan for the Technology Innovation Challenge
|
|
Wednesday, May 3, 2005
|
3 Hours
|
Technology Innovation Challenge Final Competition and Banquet
Keynote Speaker: TBA
-
General Discussion of the Speaker’s Experience with Entrepreneurship and Technology
|
Full Calendar
