3-Minute Business Pitch CompetitionPosted on: Apr 3, 2019
The Concordia University of Edmonton (CUE) Centre for Innovation and Applied Research (CIAR) is pleased to announce its first 3-Minute Business Pitch Competition. The competition follows the spirit of 3 Minute Thesis (3MT) ® competition style that originated at The University of Queensland. This competition is an opportunity for students to showcase their innovative business ideas to a wider audience in the Edmonton region and beyond.
Start date: 13 March 2019; Submission end date: 10 April 2019
Voting period: 13 March 2019 – 10 April 2019; Results announcement: 20 April 2019
Eligibility: Alberta post-secondary students and recent graduates (graduated after July 2017)
Procedure: A video submission (Youtube, Vimeo etc.) addressing the business idea, the problem that it aims to solve, and its potential impact. The video must be submitted before the closing date. The video should not exceed 3 minutes in length. Participants are advised to only submit non-confidential information.
Registration link: 3-Minute Business Pitch Competition
|1st Prize||$300 + in-kind services worth $1000 from CIAR to support your business and sponsorship to attend Inventures 2019*|
|2nd Place||$100 + in-kind services worth $1000 from CIAR to support your business and sponsorship to attend Inventures 2019*|
|3rd Place||in-kind services worth $1000 from CIAR + sponsorship to attend 150StartUps Kick-off event*|
|People’s choice award (based on number of votes)||in-kind services worth $1000 from CIAR + sponsorship to attend 150StartUps Kick-off event*|
*Only registration (if applicable), travel (maximum $150) and accommodation costs (if applicable) will be covered as per Concordia University of Edmonton’s travel policy and procedures
Participants will be evaluated based on the following criteria:
- The Problem/Product/Solution fit: Technology, impact, and credibility of the product/ service, unmet or unsatisfied market need as well as a unique proposition or distinct advantage
- Market opportunity: Size and potential growth of market, percentage of market to be captured, methods of analysis used for calculations
- Competition analysis: Identification of competitors and their market shares, understanding of competitors’ customer base, sales/marketing channels
- Go-to-market strategy: The plan of how to reach the target market and how to achieve a competitive advantage.
- Presentation style: Communication skills, effective use of visuals
The judging panel for the competition will be composed of the Manager, CIAR, the Dean of the Faculty of Management and two industry delegates.