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College students, high school students and members of the community interested in presenting their business ideas in a competitive setting are invited to register for the fifth annual New Venture Pitch Competition at Northwest Missouri State University-Kansas City.
The deadline to enter is Friday, March 3, 2017. The competition will take place from 7:45 a.m. to 3:30 p.m. Friday, April 7, Northwest - Kansas City located at 6889 North Oak Trafficway, Gladstone, MO 64118. There is no entry fee and lunch will be provided.
The event provides students and entrepreneurs the opportunity to present ideas to professionals, small business owners and potential investors. It also gives students the chance to network with business professionals and gain presentation experience.
“The pitch competition brings together individuals from around the area to advance entrepreneurship. Many alumni and friends of Northwest volunteer their time to make the event possible,” said Dr. Ben Blackford, assistant director, Melvin D. and Valorie G. Booth School of Business. “During the competition, students gain real-world experience presenting to a variety of individuals with backgrounds similar to those who may someday be their colleagues, supervisors or customers,” said Larry Lee, Entrepreneurship instructor and organizer of the competition.
The Northwest Missouri State University New Venture Pitch Competition aims to bring together future or current entrepreneurs and small business owners to provide educational, informational, and networking opportunities.
Kevin Fullerton, founder of Springboard Creative in Mission Kansas will be our Kick-Off Speaker. Prizes for the winning teams include funding and services to assist in the pursuit of their new venture. Total purse of cash and in-kind is $80,000.
For additional information please contact:
Melvin D. and Valorie G. Booth School of Business
The competition is open to two types of entries.
The first type is all students currently enrolled in an accredited higher education institution, regardless of class status. All members of teams entering the competition must be students at an accredited institution. The venture being presented in the pitch developed by the team is only eligible to enter the competition once and must not be attached to a business currently in operation.
The second type is current high school students. All members of the team must be currently enrolled in a recognized school. Teams must include at least two members and no more than five members. The venture being presented in the pitch developed by the team is only eligible to enter the competition once and must not be attached to a business currently in operation.
A team may enter by completing the registration form and emailing a short summary of their business idea. firstname.lastname@example.org Entries will be accepted until March 3, 2017. All teams that enter do so with the understanding that they will compete in the first round on April 7, 2017. Space will be limited and applying but not competing prevents another team from having the opportunity to participate in the competition. There is no entry fee for the competition.
While no changes are expected, the committee overseeing the competition reserves the right to alter or clarify rules at its discretion. Every attempt will be made to comply with the published rules at all times. All decisions of the committee and judges are final.
Every effort will be made to limit exposure of ideas presented during the competition, although this cannot be guaranteed. In addition, the competition is open to the public and thus teams should not assume any amount of confidentiality. Judges, staff, other competitors, and others in attendance will not be asked to sign confidentiality agreements. Teams will not be penalized for declining to answer a question if the answer is deemed to potentially lead to disclosure of key intellectual property.
The views expressed by the judges, competition committee, and all those associated with the competition are their own and do not represent those of Northwest Missouri State University. Everyone associated with this competition is volunteering his or her time and are under no obligation to provide advice or services to the contestants. Contestants release all involved in the competition from any responsibility or liability arising from decisions, feedback, or advice rendered before, during, or after this competition.
The competition will consist of three rounds of competition. The initial presentations will be one minute elevator pitches. Fifteen seconds will be allowed for transition between teams. Following the elevator pitch round, all participating teams will exhibit displays that explain their venture.
Judges will tour the exhibits and meet with the teams that most impressed them during the elevator pitches. Following the exhibit round, the judges will meet to select the four finalists. The four teams selected for the final round will present again and the judges will select an overall winner for each track. During the final round, teams will have 10 minutes to present their business followed by 10 minutes of Q&A. Teams should be prepared for this format and structure their presentations accordingly in order to communicate the most important portions of their pitch to the judges. The schedule for the competition will be made available following the submission deadline.
Teams will be judged on the effectiveness and persuasiveness of the presentations, the innovativeness of the ideas, the quality of the ideas, the competitive advantage of the proposed businesses, effective discussion of financials, and the proposed management team. While all of these criteria will impact who advances and ultimately wins the competition, the final decision will be based on the investment potential. Presentations cannot contain fabricated information including (but not limited to) stage of product development, experience of members involved, or market research. Student teams will be evaluated using the same criteria, but within the context of this is a learning experience to help them improve and with a special focus on innovative ventures.
Judges will use the scorecard included at the end of the guidelines to evaluate each presentation.
Presentations do not constitute an offer to sell, or a solicitation of an offer to purchase, any securities of these Corporations, companies or sole proprietorships. Such an offer or solicitation, if and when made, will be made only through an offering registered with the Securities and Exchange Commission (and applicable state securities regulatory authorities) or under an available exemption from such registration.
The Northwest Missouri State University 2017 New Venture Pitch Competition aims to bring together future or current entrepreneurs and small business owners to provide educational, informational, and networking opportunities.
The competition is free and is open to anyone who meets the criteria outlined in the guidelines below.
In addition to the competition, the event will include keynote speaker, Northwest graduate Kevin Fullerton, founder of Springboard Creative in Mission Kansas. Lunch will be served.
The deadline to enter is March 3, 2017.
Thanks to our generous sponsors, the following prizes will be awarded at the conclusion of the event.
In addition to the prizes outlined below, the top finisher among the finalists that meets the seven criteria outlined at www.willitlaunch.com/contact-us will be eligible for the following special prize.
A chance to launch your idea from concept to reality with this prize package offered by Will it Launch, As Seen On TV. National TV market viability test, which includes a 120-second TV commercial for the winning product – a $50,000 value!! If the market test is successful, Will It Launch will cover 100% of the expenses of manufacturing, marketing, and distribution to major retailers, and the winner will receive a royalty on sales under a license agreement. See special Terms & Conditions for this prize.
First place ($21,000 total value):
Second place ($6,000):
Third place ($2,000):
Fourth place ($1,000):
Please contact Larry Lee for guildelines on the prizes. All prizes must be applied to the development of the business described in the winning presentation.
The organizers would like to thank the sponsors of the event, the Melvin D. and Valorie G. Booth Endowment Fund; Will It Launch; Spencer, Fane, Britt & Browne; OMNI Employmnet Mgt Services, LLC; and the Ennovation Center.