Question
Please submit pitch of an innovative idea for a new venture. The main criteria are that it must be innovative, and cannot be food or
Please submit pitch of an innovative idea for a new venture. The main criteria are that it must be innovative, and cannot be food or marijuana based (i.e., no restaurants, dispensaries, etc.).
Your pitch and slide deck (i.e., PowerPoint) should address the following questions: What is your product/service/experience? What problem does it solve? Who is your customer and how do you reach them? How does your experience and knowledge, skills and abilities support your idea? Who are you competitors and how are you better than them? How is the venture financially sustainable?
Detailed criteria include the following:
- It is clear what the product or service being offered is, and how it works.
- The prototype is compelling and relates to a key part of the value propositon.
- The price of product or service is stated clearly, as is the cost of producing it.
- The customers are clearly defined and reachable.
- The main customer segment has been identified and is well described (think back to the end user profile).
- The offering solves a real problem in a significant way.
- The value proposition is stated in way that people can understand.
- The founder(s) possess the knowledge, skills, and relevant experience to make the offering.
- Enough is known about the entrepreneur from the pitch to make an assessment.
- The entrepreneur possesses the technical ability to make the offering.
- It is clear who the competitors are, and there is a clear point of differentiation from them.
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