ideabuild! 2013 Winners
- 1st Place- Citrus Icer- Bryan Nemire '13
- 2nd Place- Night Cravings- Ethan Holmes '16 and Janae Bryson '16
- 3rd Place- One Touch- Emmanuel Noya '16, Tom Herchek '13 and Katherine Gadd '13
Judges: Scott Altman, Senior Vice President, Raymond James; Joseph Koelliker, President/Owner, Koelliker and Associates; Daniel Moss, Owner of UnSwing; and Bonnie Warren, Owner, Comfort Keepers.
Have a great idea? Want to develop it further? Interested in winning $1,000, $500, or even $250?
ideabuild! 2014 offers students, staff, and faculty the opportunity to develop a concept, refine it through workshops, and then present it to a panel of judges.
ideabuild !2014 -Spring 2014- Date to be determined.
The Basic Guidelines
- ideabuild! is for undergraduate students only.
- A team can consist of 1-5 students.
- The concept/idea must be new and must have been developed in the 2013-2014 academic year.
- A Powerpoint presentation providing slides that support your presentation and research must be completed.
Please register your idea and team, if applicable, and download the Concept Form. Complete the Concept Form as it pertains to your idea (research should be done prior to submitting your answers) and submit it via the Hiram PitchBurner site.
- Each entrant will have 6 minutes for their presentation followed by 3 minutes of judges Q&A.
- There will be a 1 minute transition time between contestants.
- Order of presenters will be randomly determined.
- Powerpoint presentations will be loaded on a computer/laptop provided by the venue.
- Participants are encouraged to arrive early to set up their presentation so it will be ready to access for their presentation.
The Concept Requirements should be submitted on-line with entrant registration and should appropriately address all of the following questions.
- What is your product or service being offered? Be specific, give a detailed description of your product/service and its features. Give your product or business a name.
- What is the value proposition? Will your product fulfill a need? What value do your customers receive from your product/service? What benefit will the customer derive from your product or service?
- Who is the customer? Will you be selling to an intermediary or to the end user? In general the customer is the one who purchases the product or service but may not necessarily be the end user. Some demographic data on age, income, race, occupation, and education help identify the likelihood that a person will choose to buy a product. How will you find these customers? Are there enough of them to support your sales projections?
- How will the customer get access to your product or service? Describe the product or service value chain (distribution system). How do you deliver the benefit to the customer? What marketing tactics will you use? What are you going to charge for it? How much will it cost to produce your product or service? Do you know what the competition charges? How will the entry of your product into the market effect the price?
- Are there any barriers to entry? Are there trends, patterns of change in the industry? Are there obstacles to entering a specific market? If so, what are they? Are there events or technologies evolving in the marketplace that could affect the success of your product or service? How will you overcome them?
- Who are your competitors? Who, What, Where is your competition? Are you competing against other companies or against other industries? Do you have a niche? Do you have some kind of business advantage over your competitors?
- What are typical profit margins in the industry? How much out of every dollar in sales do the companies in this industry keep in earnings?
- What about intellectual property? Patents, Trademarks, Copyrights and Trade Secrets? Make sure that no one else has developed a similar product or idea. Refer to your research.
- How is the product or service differentiated from others in the market? How is your product different from all the other products/services available? What makes it special or different?
- As students, what will you need as specific skills or expertise to start this business?
- What are your/your team’s strengths and skills that make you the right one(s) to take this idea to market? What are your/your team’s gaps and how will you fill them?
- What are your start-up capital requirements? What start-up resources do you need? Be specific; give the details of machinery needed, the materials needed, systems needed, etc. What is the plan? How much inventory will you need to carry?
- What are the amounts and sources of expected revenues? How will you make money? What is the revenue stream(s) or method which money will come in to the company? Make a preliminary estimate of the first three (3) years income and expense.
- List any other information that the judges should consider in order to select your project as a winner.
For more information, contact Kay Molkentin (x5256).
- 1st place - Team InTech- Jameal Welcome, Alejandro Ruiz, Rufin Sime, Andres Ruiz, Kam Patterson
- 2nd place - Team Novus Te- Anthony Marchi, Gurneet Raina
- 3rd place - InstaGlove- Rodney Jacobs
- 1st place - Lisa Bartlette
- 2nd place - Simone Gabriela, Artel Moreira
- 3rd place - John Jordan
- 1st Place – Jennifer Godwin
- 2nd place – Tiffany Peake
- 3rd Place – James Clay
- Honorable Mentions – Karris Kandel, Alex Dellas, Charlene Milano & Ella Kirk