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Center for Entrepreneurship and Innovation

Competition Rules and Eligibility

Important Dates

  • Submission Deadline:   March 22, 2015
  • Final “LIVE” Competition:  April 16, 2015

Competition Rules and Eligiblity

Center for Entrepreneurship and Innovation “Rise to the Challenge” Pitch Competition - Overview and Rules Summary The Rise to the Challenge Pitch Competition offers prize packages of cash awards and professional services.  The competition has two categories: 

  1. Existing businesses
  2. New business ideas.  This competition could be just what you need to bring your unique idea to fruition or take your existing business to the next level.

Rules and Requirements

  • Open to all currently enrolled University of Baltimore students who are also in good standing.
  • Competition has two categories and two groups per category.

New Business Idea

  1. Undergraduate
  2. Graduate

Existing Business

  1. Undergraduate
  2. Graduate

Individual or team entries

  • Team requirements:
  1. Max five (5) members per team
  2. Entrants can join only one team
  3. Teams must be formed at time of entry
  4. Cash prizes will be equally distributed among all team members
  5. Combined undergraduate and graduate members are not allowed
  • Participants can have only one entry (individual or team member)
  • Submission requirements for all categories and groups:
  1. Complete online entry application
  2. Submit a one-minute video pitch
  3. Executive summary not more than (2) two pages
  4. All required entry materials submitted thru the PitchBurner (LINK)
  • Submissions may be revised up until deadline (March 22, 2015).
  • Participants may not contact judges during the course of the competition.
  • The proposed or existing idea should, to the best of your knowledge, not be in violation of any intellectual property right.
  • Entries that do not meet the above rules and requirements will automatically be disqualified. Intellectual Property:  Ideas have little value until they are developed into actual companies or have issued patents.  With that said, you should only disclose information with which you are comfortable.  At this juncture, it is not necessary to explain exactly how you do something to the point that might give away secrets. However, realize the opportunity and how you can take advantage of it.

Competition Breakdown

Time Line

January 26, 2015   Contest Opens for Submission
March 22, 2015   Submissions Deadline
March 26 & 27, 2015   1st Round Judging – Three (3) finalist selected for each group
March 27, 2015   Selected Finalist Notified
April 16, 2015   Final “Live” Competition

Location:  Final “Live” Competition – Learning Commons Town Hall

Prizes

  • Existing Business Category for Undergraduate and Graduate will each receive:
  1. $2,500.00
  2. UB Incubator Space
  3. In-Kind Professional Services
  • New Business Idea Category
  1. $500.00
  2. In-Kind Professional Service
  • Crowd Favorite for Entire Competition
  1. $250.00
  2. In-Kind Professional Services

1st Round: 

  • Entrants MUST register using PitchBurner (LINK)
  • Electronic submission of:
  1. Complete entry application
  2. Submit a one-minute video pitch
  3. Executive summary not more than (2) two pages
  • Each first round submission will be reviewed and judged according to:
  1. Market opportunity
  2. Understanding of competitors
  3. Market opportunities and competition
  4. Product/Service viability
  5. Business model viability
  6. Overall attractiveness of the opportunity
  • Three (3) contents for each group, of each category, will be selected for the Final Round.

Final “Live” Round

  • On April 16, 2015, at 5:30 p.m., contestants present their elevator business pitch in three (3) minutes or less to a panel of judges
  • Entrants that do not present in the final round will be disqualified
  • Revised executive summaries maybe submitted through pitchburner.com on or before April 14, 2015.
  • PowerPoint presentations must be submitted on or before April 14, 2015
  • Judges’ decisions are final.