Idea-to-Incubator competition awards top business startup
Turning a good business idea into a reality can be a difficult task, but Millikin University's 创业中心 is helping students, faculty and alums make that task a bit easier through its Idea-to-Incubator Pitch Competition.
The competition is an opportunity for all Millikin students, 教职员工, Executive and Fast-Track MBA students, and alumni that have graduated within the past two years, to pitch their business ideas to entrepreneurs and venture capitalists. The first Idea-to-Incubator Pitch Competition was held last spring during Millikin's 庆祝活动的奖学金 on April 28, 2017.
The participants had to submit their ideas in one of four idea tracks: Arts & 媒体 Ventures, Social Ventures, STEM Ventures, and Food & 饮料企业.
The finalists received up to $100 towards monthly fees at a co-working space this past summer and specialized mentorship, including a lead mentor and up to three additional mentors, 加上其他想法建设资源.
The finalists selected from the April 2017 competition were 汉娜•纽豪斯, 她的在线创意AriaMatch.com; and Skyler Taylor '17 and Dominic Sembiante '17, for their idea called Java Jolt. The teams spent 五月 through July developing their business ideas and recently pitched their ideas again on Sept. 15, for a chance to win $1,500 of seed money.
"We put together a pre-competition at the end of last school year, and the finalists got to work in a co-working space of their choice all summer long, and they had the opportunity to come back and re-pitch for a cash prize,朱莉·希尔兹说, director of the 创业中心 at Millikin. "The goal is for them to use this money to launch businesses wherever they're at, 不管是在这里还是在家里."
在9月的比赛期间. 15, the finalists gave three-minute pitches outlining their business ideas, and engaged in a Q&与嘉宾评委进行交流.
汉娜•纽豪斯, a senior music performance-vocal major with a minor in entrepreneurship from Winston Salem, N.C., opened the competition by describing her business called AriaMatch.com, an online service that provides a recording program, not only to help determine a customer's singing range, but to match them with PDF files of songs that would fit their voice for an audition.
"When I started singing, it was important to find that perfect audition song," said Neuhauser. “AriaMatch.com is an online service as well as an app that will help more students find audition education tools."
Neuhauser said the site delivers a revolutionary solution to a problem that young singers everywhere have shared, which is finding the perfect audition song for their specific voice. The site offers several articles on how to become a healthier singer and contact information for consolation calls if the customer would like to work with a music educator for help in preparing the song(s) chosen.
Skyler Taylor went a different direction with his presentation and pitched a new business idea called MEDvising. 伊利诺伊州迪凯特., native and current medical student at Southern 生病了inois University School of Medicine in Carbondale, 生病了., Java Jolt的计划, a subscription based coffee service, were not logistical for moving forward.
根据泰勒, MEDvising is a service dedicated to helping students improve their medical school applications. 医学院的学生, editors and advisors edit applications for grammar and syntax as well as provide feedback on content.
"Editors will know the proper punctuation and will have an idea of what medical schools are looking for in applicants,”泰勒说. "50,000 people applied for medical school in 2013, and roughly 20,000 graduated. These numbers will continue to increase."
基于市场知识, 行业熟悉, future plans and commercialization, the guest judges determined that Skyler Taylor's pitch for MEDvising was the winner of the Idea-to-Incubator Competition.
"I think the competition is a great opportunity for them to practice what it feels like to give a voice to the vision that they've been working on, and that's the most important thing,”盾牌.
Shields says the 创业中心 is planning to change the reward for next year's competition from a cash prize to money that's put aside with the Center, and finalists will get to work with the 创业中心 as a mentor to develop their business idea.
For more information about the Idea-to-Incubator Pitch Competition, visit www.ideallclothing.com/entrepreneurship/idea-incubator-competition.