AMHERST, Mass. – Teams of young innovators will pitch their business ideas and compete for more than $10,000 in prizes during the UMass Innovation Challenge Executive Summary and Elevator Pitch Competition on Tuesday, Dec. 3 at the University of Massachusetts Amherst. The event runs from 4:30-7:30 p.m. in the Cape Cod Lounge in the Student Union and is free and open to the public.
During the competition, each team leader will present a pitch to a panel of judges. After hearing from all the teams, the judges will deliberate and announce the awardees. This will be followed by a networking reception.
Innovation Challenge competitors are interdisciplinary teams of students and alumni working in consultation with faculty members and external advisors with appropriate expertise.Since 2005, the UMass Innovation Challenge has provided more than $500,000 in awards to 69 different student-led teams. It is designed to help current students and young alumni with innovative business ideas to develop business plans and move products closer to market.
Co-sponsors of the Innovation Challenge are the UMass Amherst College of Engineering, the College of Natural Sciences, the Isenberg School of Management and the UMass Innovation Institute.
Innovation Challenge prizes are supported entirely with private funds from the following sponsors: Wolf Greenfield; Saint Gobain; Glass Family Endowment for Entrepreneurial Studies; Steve Luby ’84’ 86; William Firestone ’78; Cantor Colburn LLP; CISCO; Raytheon; Saul Ewing; an anonymous faculty donor; Stephen Dunne ’89; Eric ’04 and Candy Janszen; Provenance Venture Partners and Karen Lauter Utgoff Consulting. Visionary support from Eugene M. and Ronnie Isenberg is gratefully acknowledged.