Elevator Pitch Contest
UWF students and recent graduates are encouraged to participate. Work in teams to pitch your business plans. Awards vary from $300 to $1,000!
What is an Elevator Pitch?
An elevator pitch is a short presentation that promotes an idea. At this elevator pitch contest, you will explain and promote your business idea. Your elevator pitch will be delivered in a video and in a face-to-face presentation in front of a panel of judges. Judges will analyze several aspects of your idea, including the business model, the target audience, the brand image, and the forecasted profit.
Your pitch should answer these questions:
- What is the problem? What is your solution?
- Who will buy it?
- How big is the opportunity?
- How will you sell your product?
- What are your projected costs, revenue, and profit?
- What are the team's capabilities?
Win One Of 6 Cash Prizes!
The top pitch wins $1,000.
Two second place pitches win $500.
Three third place pitches win $300.
How Do You Participate?
This contest is open to all UWF students and recent graduates.
Step 1: Fill out the Participation Form by February 21, 2017.
Step 2: Create your team and develop your idea. Once you fill out the form, networking events and mini-seminar dates will be shared with you.
Step 3: Develop a 1 to 2-minute video that explains your business idea. Your video elevator pitch is due March 8, 2017. Please email your entry to firstname.lastname@example.org. Student voting will begin March 9, 2017. Encourage your UWF student friends to vote for their favorite pitch here. The entry with the most student votes, known as "The People’s Favorite," will get an automatic pass into the finals.
Note: The John C. Pace Library's Skylab has computers with Adobe Creative Suite, the premiere software for your video editing. In addition, there is always someone at the Skylab who can help you with the software.
Step 4: Finalists will be notified by March 16, 2017.
Step 5: Finalists will present a 4-minute oral elevator pitch on March 25, 2017 in the College of Business (76A/101). Winners will be announced.
Rules & Suggestions:
I. Teams of graphic design, business and engineering students are likely to win, because our judges prefer ideas with strong business “bones,” an engineered product mock-up, and a professional “brand image.”
II. Contestants should address these topics:
1. Problem and the solution = Your Product/Service – The vision for your Big Idea. What problem will you solve? What are the basic advantages and benefits of your product?
2. Market – Who are your customers? How many are there? How will you get customers? How will you sell to them? What will drive your revenue? What is your price? Who are your competitors?
3. Money – Can it be worth it? What will it cost to make the product? What is your profit? About how much money will you need to start your business?
4. Brand – What is your company’s unique identity? What image will you create for customers? Are your name, logo, and story aligned? What talents do you have/need to make your dream a reality?
5. Team – What talents do you have/need to make your dream a reality? Your advisory board?
III. At the finals, presentation slides are not required. If you plan to use slides, 4-6 are reasonable. Too many will be a burden. Your short video may be used.
IV. If you have any questions about the contest, please contact Dr. Robert Perkins, email@example.com.