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 through PLEASE 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 via Thursday, March 3, “Big Idea 2” (semi-final) 9 a.m. to noon, WPU sign ups for time slots via Important dates

ENTREPRENEURSHIP COMMERCIALIZATION ECONOMIC DEVELOPMENT Finalists announced Thursday afternoon March 3 BY Thursday 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 People’s 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 doesn’t start until all the team’s paperwork is in If you don’t want the money, you can’t specify who gets the money We can’t 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 (what’s 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” Don’t duplicate your presentation Make your video say things that you don’t or can’t 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 Don’t 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 prizes inventure-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? IT’S 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