WIN $10,000 FOR YOUR BUSINESS OR NONPROFIT
Participate in the UA 10k Innovation Challenge!
Presented by The EX[L] Center, University of Akron Research Foundation, SEED Legal Clinic, and the Fitzgerald Institute for Entrepreneurial Studies
- How to enter the competition
- List of mentors
- Semi-final details
- What to prepare for the semi-finals
- Schedule of events
Do you have an idea for a business or nonprofit? Participate in The University of Akron’s $10,000 Innovation Challenge. A top prize of $10,000 will be awarded to the winner, with additional prizes awarded to runners-up. The pitch competition, open to all UA students, is focused on promoting entrepreneurship and innovation over the spring semester through mentorship, business development events and pitch practices.
HOW TO ENTER
- Complete this quick Google Form to register
- Complete the FINAL APPLICATION
- Email FINAL application to firstname.lastname@example.org due by 11:59 p.m. EST on Tuesday, April 6th
- Note: that as part of your application, you need to meet with a business mentor (listed below) as well as interview ten potential customers to get feedback on your idea.
Sign up for office hours with mentors using the links below:
Requirements to pitch:
- Complete and email the final application to email@example.com by 11:59 p.m. on Tuesday, April 6
- Meet with one of our mentors (see above)
- Sign up for a timeslot to pitch (document will be circulated soon)
What to expect at the semi-finals:
- Please arrive in the waiting room five minutes early.
- The pitches will be recorded unless you instruct us otherwise, so dress appropriately.
- You will not have the ability to showcase a PowerPoint (you will if you make it to the final round).
- If you have a demo of your product, you can hold that up for us to see.
- You will be given five minutes to describe your business/nonprofit/enterprise.
- What you should address is described below.
- After the five minutes, the judges will have four minutes to ask you questions.
What you should cover in your presentation:
- The problem you are addressing
- Why is it significant?
- How you solve the problem
- Why does your solution work?
- What makes your solution better than other available options?
- Who is on your team?
- What gives them unique insight or ability to work on the project?
- Who is in your network (community partners, mentors, etc.)
- What makes this project sustainable or scalable?
- What do the populations you will be serving think and feel about your solution?
- How do you plan to use the prize money?
SCHEDULE OF EVENTS — All events will be held virtually
- Thursday Feb 25 | Informational session
- Friday, Mar 5 | Virtual office hours - discuss your idea
- Thursday, Mar 11 | Customer Discovery
- Tuesday, March 23 | Legal Issues for Innovations and Nonprofits, SEED Legal Clinic
Monday, April 5 | 11 a.m. to 12:30 p.m.
Practice Your Pitch - Click here to join the meeting
Tuesday, Apr 6 | Final application due
Thursday and Friday April 8 and 9| Semi-final competition
Thursday, April 22 | Final competition