Elevator Pitch Competition
Purdue University's Elevator Pitch Competition was created in 2006 and is hosted by the Certificate in Entrepreneurship and Innovation Program. The competition gives participants two minutes to describe the value of their entrepreneurial business venture to a panel of judges. There are two divisions in this competition: one for Purdue Certificate in Entrepreneurship and Innovation undergraduate students and another for staff/faculty entrepreneurs, graduate students, representatives from Purdue Research Park companies or Certificate Program Alum.The competition has several sponsors including Otis Elevator Company- marking its 7th consecutive year.
Prizes in Each Category:
- 1st Place: $1,000
- 2nd Place: $500
- 3rd Place: $250
- Most Entertaining: $500
- All Participants will receive a T-Shirt
Two Competition Categories:
- Certificate in Entrepreneurship and Innovation Program Undergraduate Students
- Practicing entrepreneurs from Purdue Research Park, Faculty, Graduate Students or Certificate Program Alums
Competition Guidelines & Eligibility:
- The competition is open to teams or individuals.
- Individuals can enter the competition each year but cannot pitch the same business venture if that has placed 1st, 2nd, or 3rd in years prior.
- At least one team member in the undergraduate division must be currently enrolled or previously enrolled in an ENTR-designated class. All students must be currently enrolled at Purdue.
What is an Elevator Pitch?
An elevator pitch is a concise and well practiced description of a business venture that you would deliver if you found yourself in an elevator with a potential investor. In 1-2 minutes, your pitch should describe the following:
- product or service
- market and its size
- plan to make money
- leadership team
- competitive advantage
Definition of an Elevator Pitch (Wikipedia)
The judging panel consists of experienced entrepreneurs and business professionals. All judges have experience in, or exposure to, successful innovative businesses, early-stage technology development process and understand the research, development, and business-formation challenges faced by different types of businesses.
Intellectual Property Attorney & Bingham Greenebaum Doll, LLP Partner
Chief of Staff to the President, Purdue University
Bob Falk President and CEO of Purdue Federal Credit Union John Gorup Lead Surgeon, Indiana Spine Center Oscar Moralez Managing Director of StepStone Business Partners & StepStone Angels Ben Wehner Equipment Account Manager for Otis Elevator Company
For more information, contact the Certificate in Entrepreneurship and Innovation Program.
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