ideabuild2014! Too Close to Call
Nicole Pueyo Svoboda (NUR) ’15 and Justin Lonis (ACCT/FIN) ’14 tied for 1st Place at the 5th annual ideabuild competition when the judges dead locked. Svoboda’s “Biotikos,” and Lonis’ “Advanced Balance Board” had the judges deadlocked, so both were awarded 1st Place and a $1,000 prize. Cory Weddington ’17 took 3rd place and a prize of $250 for his idea “Wing-Span.” This year 14 ideas were presented by 36 students either presenting as a team or individually.
Have a great idea? Want to develop it further? Interested in winning $250, $500, or even $1,000?
ideabuild! 2015 offers students the opportunity to develop a concept, refine it through workshops, and then present it to a panel of judges.
ideabuild 2015 - Contest Information
|TBD||Workshop 1||East Hall Forum||5:30 pm|
|TBD||Online Registration Opens|
|TBD||Workshop 2||East Hall Forum||5:30 pm|
|TBD||Online Registration Closes||--||5:00 pm|
|TBD||Powerpoint Upload Deadline|
|TBD||Ideabuild Presentations||Dix Dining Room||5:00 pm|
The Basic Guidelines
- ideabuild! is for Hiram undergraduate students only.
- A team can consist of 1-5 students.
- The idea/venture must be new and must have been developed in the 2014-15 academic year.
- You must register your idea/venture AND team (if applicable) and submit a completed Concept Form (see below for more instructions and Form) by TBD.
- You must submit your PowerPoint presentation (see below for more instructions) by TBD.
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.
ideabuild! Presentation Format
- Each entrant/team will have 6 minutes for their presentation followed by 3 minutes of Q&A.
- There will be a 1 minute transition between contestants.
- Order of presenters will be randomly determined.
- PowerPoint presentations will be loaded on a computer/laptop provided by the venue, prior to the start of the event. No changes to presentations once submitted.
- Participants are encouraged to arrive early to view the room setup and check their presentation prior to the start of the event.
How to Participate
Step 1. Register your team through DecisionDesk.
To participate in ideabuild! 2015 you must create a DecisionDesk account and register your idea (and team members, if applicable).
- (NOTE: If you participated in EIW2014, EIW 2015, or ideabuild2014, you already have a DecisionDesk account. Please use that account to register. If you don’t remember your password, click on “Trouble logging in?” and you will be sent a link to reset your password.)
- If registering as a team, you only need to create one account and complete one application. All team members’ information will be submitted through this single registration/application.
- As you complete your registration, note that there are several pages and that you must click “Save & Continue” located just below the EEC banner to the right. Remember to SAVE and SAVE often!
- If you exit before fully completing your application, when you log back in to finish please select “Continue Latest Application” – DO NOT start a new application.
- Be sure to select our school (Hiram) from the pull down menus when prompted. If you don’t, you will end up registering for and submitting your materials to the wrong competition.
Step 2. Complete and upload the Concept Requirement Form to Decision Desk by TBD.
- Click here for the Concept Form. Upload your completed concept form to DecisionDesk. (Remember to select "Continue latest application" and go to the bottom of the last page for the upload button.)
Step 3. Upload your Powerpoint Presentation to DecisionDesk by date TBD.
- Upload your PowerPoint presentation to DecisionDesk. (Please, NO Prezi presentations, PowerPoint ONLY. Remember to select "Continue latest application" and go to the bottom of the last page for the upload button.)
Things to Think About as You Develop Your Idea/Venture:
1. What is your product or service being offered? Be specific, give a detailed description. Give your product or business a name.
2. What are the features and benefits of the product or service? What value are the customers receiving from your product or service?
3. How is the product or service differentiated from others on the market? Why is it different and what makes it special?
4. What is the value proposition? What problem or need does your product/service fulfill?
5. Who is the customer? Who is your perfect customer? Will you be selling to an intermediary or to the end user? How will you find them? What is the demand for your product or service? Are there enough of them to support your sales projections?
6. What are the demographics, trends, patterns of change of the industry? What are typical profit margins in the industry? Are there any barriers to entry? If so, what are they? How will you overcome them? Who are the competitors? Who, What, Where is your competition? Do you have a niche? Do you have some kind of business advantage over your competitors?
7. How will you get your product or service to your customer? Describe the product or service value chain (distribution system). 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?
8. What about intellectual property? Patents, Trademarks, Copyrights and Trade Secrets? Has someone already developed a similar product or idea? Can you improve on what already exists to differentiate and can advantage?
9. Tell us about the skills and expertise your team members bring to the business. What are the team’s skills/expertise gaps and how will you fill them? Are there any key partnerships needed/ available?
10. 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?
11. What are your estimated operating expenses, revenues, and net profit in the first three years of operation? How will you make money? What is the revenue stream(s)? When is your projected break-even point?
For more information, contact Kay Molkentin (x5256).
- 1st Place- Advanced Balance Board- Justin Lonis '14
- 1st Place- Biotikos- Nicole Pueyo Svoboda '15
- 3rd Place- Wing-Span- Cory Weddington '17
- 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
- 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