ideablitz! 2020 (Stay tuned for revised details pending the COVID-19 Pandemic Restrictions)
It’s never too early to prepare your ideas!
ideablitz! is a venue for Hiram students to develop and present innovative ideas, ranging anywhere from new inventions to improvements on existing inventions to not-for-profit enterprises responding to alleviate a local or global problem.
Students can compete individually or as a team with up to five members, with the chance to win cash awards of $700 (1st Place), $500 (2nd Place) or $200 (3rd place).
Each presenter or team has six minutes to pitch their idea to the panel of judges followed by a two-minute question and answer session. The judges will determine the top three prizes finishers based on these criteria: Idea or Concept; Market Need and Industry; Technology Attributes; Competitive Attributes and Pricing; Uniqueness; and Quality of Presentation.
Ideablitz! will be held on Thursday, November 5, 2020, 5-8:30 pm in the Dix Room of the Kennedy Center.
To better help you prepare, we offer two workshops:
Workshop 1: What You Need to Know to Pitch at Blitz!
Oct. 6, 2020, 5:30-7pm, East Hall Forum
Workshop 2: Perfect Your Pitch for Blitz!
TBD, 5:30-6:30pm, by appointment ONLY.
Registration Opens – Oct. 20, 2020.
Registration Closes – Oct 30, 2020 at 5 p.m.
The Basic Guidelines
- ideablitz! is for Hiram undergraduate students, including College Credit Plus students.
- A team can consist of 1-5 students.
- The idea/venture must be new and must have been developed after Jan. 1, 2020.
- You must register your idea/venture AND team (if applicable) and submit a completed Concept Form (see below for more instructions) by 5 PM, Oct 30, 2020.
- You must submit your PowerPoint presentation by noon, Nov. 3, 2020 (see below for more instructions).
ideablitz! 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.
Please read through all the information below before going to the site to register!
If registering as a team, you only need to 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 “SUBMIT” on the last page. You also must complete the registration all at one time. You are not able to stop, save, exit and return at a later date, so we suggest that you type up all your answers to the questions below in a word document and then cut and paste your responses into the Wufoo form.
You will receive an email within 48 hours letting you know that your application has been received and informing you of next steps, i.e. when and how to submit your Powerpoint presentation (due Nov. 3, 2020 by NOON).
To complete the registration form please be sure to have the following information ready:
- Idea Name.
- Are you entering as an individual or a team?
- General Information on you and each of your team members if applicable:
- First & Last name
- Class Year
- Declared Major and Minor (if applicable)
- Cell phone number
- Ohio Resident?
- International Student?
- A brief description of your idea.
- What industry is best suited for your idea?
- What problem does your product/service solve?
- What is your product/service being offered? Be specific, give a detailed description. Give your product or business a name. How is the product or service differentiated from others on the market? Why is it different and what makes it special?
- What is the value proposition? What value are the customers receiving from your product or service? What are the features and benefits of the product or service?
- 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 of your product or service?
- What kind of relationship do you expect to have with your customers?
- How will you get your product/service to your customer? Describe the product or service value chain (distribution system). What marketing tactics will you use?
- What are the key activities that you will need to do to launch your product/service?
- What are the key resources you will need to launch your product/service? What start-up resources do you need? Be specific; give the details of machinery needed, the materials needed, systems needed, etc. What about intellectual property?
- What key partnerships will you need to develop? Are there any key partnerships needed/available? Has someone already developed a similar product or idea? Can you improve on what already exists to differentiate and can advantage?
- What are your estimated costs and expenses to get started? How much will it cost to produce your product/service? Do you know what the competition charges?
- Where will your revenue come from? How will you make money? What is the revenue stream(s)? What are you going to charge for it? When is your projected break-even point?
For more information, contact David Strukel (x5424)