The deliverable is a three minute pitch of a concept or idea. While the oral presentation may involve the use of props, slides, or other visual material, it must stand on its own without a written business plan. Unlike a business plan competition, an elevator pitch allows students to bring concepts forward in basic form based on raw potential.
Pitch the Summit is exclusively open to members of the PVAMU University community and is designed to benefit undergraduate students. The competition is open to graduate and undergraduate students.
An individual or group of individuals may pitch. While there is no minimum or maximum team size, it should be noted that it is difficult for a large group of people to deliver an elevator pitch. Teams that consisted of both graduate and undergraduate students are encouraged to participate.
In the case of a group pitch, the majority of pitching members must be affiliated with PVAMU University.
Each team will be limited to one entry in the competition. Individuals can only be members of one team.
Teams cannot add additional members between competition rounds.
In all rounds, each team will be allotted a maximum of five (5) minutes with the judges three (3) minutes to pitch their idea or concept and two (2) minutes for Q&A with the judges. Teams will not be able to change their overall concept or idea between rounds. Teams can modify their presentation and practice to polish their delivery, but the fundamental concept or idea must remain the same throughout the competition.
Teams will be able to use PowerPoint, visual aids, props, or other items during their pitch; while visual material may be used, the presentation must stand on its own without a written business plan.
Each team will sign up below online and submit a 2-5 minute video.
The teams with the highest scores from each first round (5 teams total) will advance to the final round. The pitch format will remain the same as in previous rounds. All teams will be present March 1 during the conference.
Winning individuals and teams will receive guidance, financial support, and in-kind contributions in order to move the venture forward.
There will be $500 in cash prizes distributed to the top team to enable them to move forward with their concept.
SUMBIT A VIDEO PITCHING YOUR BUSINESS CONCEPT IN DETAIL.
UPLOAD THE VIDEO TO YOUR YOUTUBE CHANNEL AND EMAIL THE LINK TO CAMPUSLATELY@GMAIL.COM
In preparing a pitch, teams or individuals should answer the following questions based on research and data, not opinions:
- What is the product or service?
- What need does it address?
- Who is the primary market for the venture and what can you say about the size and scope of that market?
- What are the compelling attributes that differentiate your product or service from others that address the same need?
- How will your business make money?
- How much startup capital do you need and what are your revenue projections?
- If relevant, what have you achieved already?