If you were waiting until the last minute to enter the the fourth annual Student Idea Pitch Competition, your time is almost up. The deadline for entries is 5 p.m. Monday, February 2.
Sponsored by the Office of the Vice Chancellor for Research, the Ideas Solving Social and Economic Challenges pitch competition challenges IUPUI students to "propose original solutions to pressing real-world problems." This year's competition will take place on March 6 at the Lilly Auditorium in University Library.
The winning idea at this year's event will pocket $2,500, with $1,000 for second and $500 for third. An "Audience Choice" Award of $1,000 will be given based on ballots from those in attendance.
Kelley students have enjoyed great success at the competition, placing in the top three in each of the first three years of the event.
In 2012, Ajay Bohra and Jim Plew took second place for their idea "Kitch-On," a recipe management interface that would help users develop meals based on the contents in their pantry, refrigerator, or freezer. Rishi Chandra earned third place in 2013 for "Recycle to Earn," a machine that would award students points for recycling. And last year, Usman Chaudhary, Payne Chestnut, and Roshan Selladurai garnered first for their idea, "Foodraisers." The Foodraisers trio is currently working on taking their idea to market.
Kelley visiting professor David Steele will once again serve as one of the four judges for the competition.
“First and foremost, we are looking for an idea that can be implemented, and has been well thought out," Steele said. "It is very important to note this is not a business plan pitch, it is an 'idea' pitch. Students do not have to submit financials, and there is no advantage that a business student would have or other students though our campus community.
"We want students from ever discipline on campus, from every school at IUPUI to look at this as a way to present an idea that can have a meaningful impact in our world," Steele added. "We also have pitch workshops and will provide mentoring to students who would like to practice and learn more about how to deliver a good pitch.”
The final entry workshops will take place Wednesday morning (January 28) from 9 a.m. to 10:30 a.m. and 11 a.m. to 12:30 p.m. at University Library (Conference Room 1126). This workshop focuses on "how to address elements included in the written idea/concept proposal, and how to identify the value proposition being offered by a new approach, product, service, or opportunity afforded by a new venture."
Later in February, four "Pitching Your Ideas" workshops will provide students with insight on crafting statements about the fundamental concepts of their idea, along with a discussion about effective delivery techniques.
Visit the Center for Research and Learning website to learn more about the competition or to register for this week's workshop.