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The Center for Entrepreneurship & Innovation 2013 Elevator Pitch Competition

The Center for Entrepreneurship & Innovation 2013 Elevator Pitch Competition Informational Meeting. Elevator Pitch Competition Registration Due: October 10 th (Thursday) Competition: October 24 th (Thursday). What is an “ Elevator ” Pitch?. Objectives:

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The Center for Entrepreneurship & Innovation 2013 Elevator Pitch Competition

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  1. The Center for Entrepreneurship & Innovation 2013 Elevator Pitch Competition Informational Meeting

  2. Elevator Pitch Competition Registration Due: October 10th (Thursday) Competition: October 24th (Thursday)

  3. What is an “Elevator” Pitch?

  4. Objectives: • Your chance to showcase your talents. • An opportunity to present your Commercial or Social Enterprise idea in a positive atmosphere. • Receive cash awards for your efforts.

  5. Two Categories: • Commercial Enterprise • A commercial enterprise is undertaken primarily for the financial gain of its owners. • Social Enterprise • A social enterprise is a venture that is undertaken primarily for the purpose of benefiting society.

  6. Register online at www.gccentrepreneurship.com by October 10th.

  7. Registration Form

  8. Submission Statement

  9. General Information

  10. All students must be in good academic (QPA of 2.0) and social standing with GCC and the community. • All “pitches” must be appropriate to the vision and mission of GCC and The Center for Entrepreneurship & Innovation. • The competition is “free” to enter!

  11. Open to students of all majors. • Teams – all members must be present, but only one student will “pitch” the speech.

  12. Only one student from a team should complete the official “registration form” but each team member’s name should be listed. • Great testing ground for students planning to enter the Business Plan Competition.

  13. Pitch Guidelines

  14. No samples! • No audio-visual equipment! • No Power Point!

  15. Prototype by special request only!

  16. For team competitors, the designated presenter is chosen by the team members.

  17. The clock starts with an introduction and ends with a hard stop at two (2) minutes. • One (1) minute to change the stage.

  18. Five Key Questions • What is your product or service? • Who is your market? • What is your revenue model? More simply, how do you plan to make money? • Who is your competition? • What is your competitive advantage?

  19. The Introduction • Keep it simple! • What is the name of your company? • Who are you? State your name and the name of your business. • What is your role at the company?

  20. The Description • Your Goal: The investor understands your product! • Describe benefits; not features. • Why will customers buy your product or service? • Why is your product or service unique?

  21. The Hook • The “Hook” is a phrase or word that strikes a chord with your listener. • Grab the investors’ attention: make them want to know more! • What makes you better than the rest?

  22. The Close • Keep it simple.

  23. Delivery Matters! • Show your passion! • Smile & make eye contact! • Use tone, volume & pace for emphasis. • Dress code: Business casual.

  24. Delivery Matters! • Practice, practice, practice!

  25. Common Mistakes • Pitch is too long….practice! • Too technical and/or use of jargon. • No clear purpose or direction. • Missing key information. • Boring and/or dispassionate.

  26. Judges & Scoring • The judging panel will consist of entrepreneurs and other business professionals. • The judges will assess the quality and delivery of the pitch. • All decisions of the judging panel are final.

  27. Schedule of Presentations • Sign-up for presentation times: • October 21 & 22 • 9:00-5:00 p.m. • HAL 318 • If you do not sign up yourself, a time slot will be assigned for you.

  28. Recognition of Winners The winners will be announced on Facebook the evening of the competition.

  29. Questions?

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