Ideas Unleashed Competition
November 13th 2014
Ideas Unleashed Competition ........................................................................................................ 1
Calendar:................................................................................................................................................... 1
Overview................................................................................................................................................... 1
Who should participate? .................................................................................................................... 1
Objectives ................................................................................................................................................. 2
General Competition Guidelines ..................................................................................................... 2
Pitch Guidelines ..................................................................................................................................... 2
Scoring ....................................................................................................................................................... 3
PITCH TEMPLATE ................................................................................................................................. 3
Application............................................................................................................................................... 4
Calendar:
-Monday November 17th
Applications due (see below)
-Thursday, November 20th
 3:30pm- 4:00pm …… Registration
 4:00pm- 4:10pm …… Judges, faculty and staff presentation
 4:10pm- 4:30pm …… Competition Sessions
 4:30pm- 4:40pm …… Second Round
 4:40pm- 5:00pm …… Final Round
Overview
The Global Entrepreneurship Week provides UTEP students an inside look of the
entrepreneur world and gives them a great opportunity to pitch their business idea to
a panel of judges and a chance to win prizes. An elevator pitch is a quick description of
your product or idea; it is as quick as riding up an elevator! A well-planned elevator
pitch can open opportunities to students from investors who are interested in the
idea/product. Time to gather ideas and ride the elevator!
Who should participate?
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Students with an idea or product
Students who look for investors or feedback for their ideas
Students who want to explore the idea of a start-up company
Students who want to demonstrate their persuasive skills
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UTEP students who want to succeed
Objectives
1. Promote the Global Entrepreneurship Week and demonstrate to students how
important it is to expose their ideas to the business world.
2. Make students aware that the world needs more of their ideas and creativity to
reach out for people’s needs.
3. Give students the opportunity to show their skills and also polish them with
the help of judges’ feedback.
General Competition Guidelines
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The competition is FREE and open to UTEP students only. Parents and siblings
are welcome to attend competition (no children).
UTEP students should fill-out the application that is included in this packet,
one per team. Application should be scanned with the signatures. Elevator
Pitch can be done in groups from 1-3 members. Submissions should be done by
Monday November 17th midnight to [email protected]
Idea/Product should be authentic and not out in the market already. Students
should do research about their product to make sure it is not in existence.
Pitch Guidelines
 The purpose of a pitch is to QUICKLY convince potential investors that your
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idea or product is sellable and unique (within 60 seconds). You need to
persuade your audience that you are offering the best product that will be in
the market ever.
You can bring a prototype of your product/idea if it helps.
The use of visuals (Power Points) is not permitted.
During the Competition Sessions (all teams or individuals), each presenter will
be given a 60 second break at the conclusion of the previous presenter’s
followed by 60 seconds to make a pitch and 120 second of Q&A.
During the Second Round, each presenter will be given 60-second break at the
conclusion of the previous presenter’s presentation followed by 90 second to
make the second pitch.
During the Final Round (finalists), each presenter will be given a 120 second
break at the conclusion of the previous presenter’s presentation followed by
90 seconds to make a pitch. Final Q&A for 180 minutes.
Time will begin when the presenter begins to speak or at the conclusion of the
60-second or 120-second break; whichever comes first.
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Scoring
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Judges will be given letter-sized cartel, which will serve to grade the
competitors from 0-5 after the student finishes the elevator pitch or after
Q&A. The total score will be counted for the next round.
Students with a grade of 10 points or higher will pass to the Second Round.
Students with a grade of 15 points or higher will pass to the Final Round.
During the Final Round the student or team that gets the higher grade will
be the winner of the competition. Winner will get a Kindle Fire HD.
PITCH TEMPLATE
The Story…____________________________________________________________________________
Give the audience a story that connects them to the “pain” you ease. This may be a
personal perspective or how/why you got involved.
I’m ________________, __________________of ____________________________
Name
Title
Company Name
We sell ___________________________ to _________________________
Product
Customer Profile
Unlike competing products our product/service ________________________ and
What is better/different?
______________________________________________________________________________________________
What is the magic?
There are ________________________ potential customers for our product/service.
Estimate #
Market opportunity statement: _______________________________________________________
Size of market or opportunity
We charge ________________ for ________________________________________________
Price (estimate)
Product bragging statement
We reach our customers by ____________________ and _____________________________________.
Type of sales channel (1 or 2)
We project sales of ___________________________ in ___________________________years
Dollar amount number
How many?
We need __________________ to complete: ________________________ & ______________________
Dollar amount
Accomplishment
Accomplishment
We are looking for:
(check one)
_________________ A loan
_________________ Investment by friend or business partner
_________________Angel Investment
_________________Venture Capital
_________________Grants
Cool statement about why get involved…___________________________________________________
Tell why your company is a good investment & what they get for the investment!
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Application
One application per team (1-3 members)
Applicant / Applicants:
Full Name: ________________________________________
E-mail : _____________________________________________
Phone- Number: ___(915)________-________________
UTEP ID: ___________________________________________
College/ Major: ____________________________________
Expected Graduation Date: _______________________
Signature: _____________________________________
Applicant / Applicants:
Full Name: ________________________________________
E-mail : _____________________________________________
Phone- Number: ___(915)________-________________
UTEP ID: ___________________________________________
College/ Major: ____________________________________
Expected Graduation Date: _______________________
Signature: _____________________________________
Applicant / Applicants:
Full Name: ________________________________________
E-mail : _____________________________________________
Phone- Number: ___(915)________-________________
UTEP ID: ___________________________________________
College/ Major: ____________________________________
Expected Graduation Date: _______________________
Signature: _____________________________________
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*** Answer the following questions along with the application**
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Please provide a brief description of your business or idea
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Key Customer Segments. Who are the people or companies who will pay for
the product or service? *
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Define the customers’ pain, problem or unmet need *
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Key Competitors/How your customers solve this problem today *
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Unique Value Proposition (How will your solution be better than the
competition?) *
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Solution (How will you solve the problem for the customer?) *
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Is there any intellectual property (trade secrets, copyrights, patents)
potentially associated with your idea? *
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What are the potential number of customers that could be interested in
purchasing your product or service, and/or information you found on market
size and growth for this field?
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How will you sell your product or service? (distribution, sales channels, etc) *
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Revenue Streams (How will you make money?) *
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Please estimate your business startup costs *
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How will you reach your financial goals for startup? (family, friends, loan,
investors, etc.) *
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