WashU Olin’s Entrepreneurship Program
Holekamp Seed Fund
If you want to win . . . structure your pitch in the same order of the criteria by which the judges are evaluating:
Note: the 2-minute video should be one continuous shot with no editing. We're expecting talking heads. This is NOT a video production contest. The expectation is that you'll simply use a smartphone to record the video in one take.
There are two grand prizes of $2,500 -
one for the best undergraduate student pitch and one for the best graduate student pitch.
There are two second place prizes of $1,250 -
one for the second best undergraduate student pitch and one for the second best graduate student pitch.
There are 50 $250 “runner up” awards among all other entrants.
The final awards will be announced at the Skandalaris Awards event 6 p.m. on April 15, 2010 in the Holmes Lounge.
Individual feedback will be sent out to all who entered the day following the event.
The Skandalaris Center will be running workshops to help you better prepare for your BIG IdeaBounce pitch. See their website for details. You can also book an appointment to discuss your idea with James Sorrell, (firstname.lastname@example.org) -- The Skandalaris Center’s assistant director of venture development.
The Skandalaris Center is running live IdeaBounces(R) on these dates/times:
Consider attending one to give your pitch live. The feedback you receive will help you shape your final video pitch.
A wonderful benefit to entering the contest is that whether you win prize money or not, you will receive detailed feedback on your pitch including how you were rated on each of the 8 judging criteria. You'll also receive judges' comments to help you improve your pitch and idea.
The pool of judges is made up of real entrepreneurs, VCs, startup mentors and professionals out in the world who are part of WashU's alumni network.
Here are some non-WashU examples of 2-minute pitches from a similar competition held at another university.
There are no confidentiality or non-disclosure agreements as part of this competition. Submitting to the contest has the potential of releasing your idea to the world. However, given this does not reveal a fully detailed business plan, your risks are minimal. But if you have a "trade secret" or patentable idea, you might simply allude to that in your pitch without actually revealing the details. It is up to you how much to reveal.
Consider these classes where you can “workshop” your original idea as part of the course assignments: MGT 421/521 Introduction to Entrepreneurship or SWSA 460L/5060 Introduction to Social Entrepreneurship are prerequisites for MGT 424/524 The Hatchery (Business Planning for New Enterprises). Once you have a solid foundation, consider these courses where you can workshop taking your original idea to market: MKT 400 Business and Innovation Marketing and MKT 559 A&B Creating and Marketing Innovative Products and Services.