Do you have an original idea that can improve the way we live, work and play?We’re looking for creative, cutting-edge ideas driven by conscientious and dedicated students. GD Goenka Technology Business Incubator presents under IDEA 2017
An elevator Pitch Competition
An exciting and interactive pitch competition taking place at G D Goenka University, Gurgaon. Pitch your business in a stall , convince our expert judges of its value, and impress the crowd, and you will have the chance to win cash prizes, internship opportunity at start-ups and mentorship from best of the academic and industry experts.
You can showcase your talent by putting up the stall and selling goods or services on the spot. Categories include mobile apps, wearables, social innovation, gaming, interactive, food and beverages, apparels, fashion or other design initiatives to name a few.
An elevator pitch verbally outlines an entrepreneurial concept or idea in a short period of
time. It is typically three minutes in duration, which is symbolic of the amount of time one would have on an elevator ride to capture the attention of a potential investor in the
concept. A successful elevator pitch requires significant prior thought and research, and culminates in the ability to clearly and succinctly highlight the most compelling aspects
of a proposed venture.
In preparing a pitch, teams or individuals should answer the following questions based on
research and data, not opinions:
Participating individuals or teams will put up an IDEA Stall. This stall can be decorated
with audio/ visual, props or prototype of your business idea. Each IDEA stall would be visited by judges who will give them 5 minutes to pitch- – three (3) minutes to pitch their idea or concept and two (2) minutes for Q&A with the judges. Teams will NOT use PowerPoint presentation, but visual aids, props, or other items (like posters, flex, prototypes). The presentation must stand on its own without a written business plan.
The judges will consider: the innovation of the product, technology or service; product-market fit; the scalability of the business model; the total impact (including sales, social value, impact on users, partners, etc.); and the qualities of the entrepreneur or entrepreneurial team – their level of talent, diversity, and qualities which are value additive to the company.Project entries or ideas must be the original work of the applicant(s).
Awards and Prizes: Three teams with the highest scores be declared the winner, 1st and 2nd runners up of the Elevator Pitch Competition. Prizes will be in the form of cash rewards, trophies, internship opportunity at start-ups and mentoring with experts
Registration Fees: Each individual/ team would be given one table and 2 chairs to showcase their business idea. They can use the space in anymanner as possible and need to pay Rs. 100 per team
Registration Fees: Student/s will need to book tables in advance on paid basis. Students can take as many tables on paid basis at the rate of Rs. 750 per table