Do you have a big idea? Do you have a solution to a problem that you believe could change the world?
Calling all OWU Students to apply for Pitch OWU, sponsored by The Woltemade Center!
If you have an innovative and original idea, you are encouraged to apply to compete in The Woltemade Center's 1st annual pitch competition.
Compete against peers in various disciplines to pitch your idea to a panel of judges; the top three teams or individuals will receive funding to foster the growth of your ventures. Students can apply individually or as a team. There is a maximum of four team members per team.
All majors are encouraged to apply.
Student teams are given five minutes to pitch, followed by three minutes of questions from the judges. Presentations may include PowerPoint, visual aids, props or other materials; however, presentations must stand alone without a written business plan.
Prizes
The cash prizes listed below are for the entire team, not for individual team members. Prizes will be allocated as follows:
OWU Students
1st Place: $1,000
2nd Place: $500
3rd Place: $300
High School Award: For High School Applicants
Top Prize: $300
Eligibility
- Any Ohio Wesleyan students and high schoolers are eligible to apply for the Pitch OWU. All majors are encouraged to apply!
- All members of the presenting team must be currently enrolled students at OWU (earning credit toward a degree) or local high schools (Delaware and surrounding counties).
- Teams are not eligible if their business has earned more than $50,000 in revenue.
- The ownership makeup of ventures eligible for The Pitch Competition is restricted to current students and high school students.
- Students must explain in the pitch how they intend to acquire sufficient rights to intellectual property, if the university or another entity owns the patent or research that supports their business model.
Pitching your Idea
- Problem: A clear description of the problem
- Customer Segment: Who has this problem? Define the characteristics of your typical customer.
- Why is the problem worth solving?
- Existing Alternatives: How do your target customers currently solve the problem? Describe the nature of the competing products or services. What is the advantage of your product or service over the alternatives? Why should people buy your product?
- Solution: A clear description of your product or service and how it solves the problem.
- Cost Structure: Describe your product or service costs.
- Revenue Stream: Describe how you are planning to generate revenue.
How to Apply*
To apply, complete the Google Form.
Submission Deadline: September 30, 2022
Competition Date: October 20, 2022
Resources to help you prepare:
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