About the Competition
What is an Elevator Pitch?
An elevator pitch is a concise and well practiced description of a business venture that you would deliver if you found yourself in an elevator with a potential investor. The pitch should describe:
- Your product or service
- Your market and its size
- How you plan to make money
- Your leadership team
- Your competition
Who is eligible?
The Springboard Elevator Pitch competition is open to all ACU undergraduate or masters-level students enrolled on a full-time basis.
Can I enter with a friend or partner?
Yes. Teams may include up to two students who meet the eligibility requirements.
When and how will my team make its elevator pitch?
After registering, students will be asked to prepare and deliver a two-minute elevator pitch. Each elevator pitch will be given live in front of a panel of judges.
Date: November 17
Location: Mabee Business Building
Time: 5 - 8 p.m.
Date: November 19
Location: Hart Auditorium
Time: 11:30 a.m. - 1 p.m.
Lunch will be provided by Jimmy Johns during the final round (up to 300)
How are finalists selected?
Each elevator pitch will be reviewed by a panel of live judges during the first round of the competition. Finalists will be selected based on the following criteria:
- Business Concept: How likely is the success of the concept? Does the business concept meet a customer need? Will the entrepreneurs be able to establish competitive advantage? Is now an attractive time to launch the business?
- Value Proposition: How well does the team articulate the venture’s value proposition to its customers? Is the value proposition convincing?
- Market: How attractive is the market the entrepreneurs have targeted? Is it a sizeable market and/or one with attractive growth potential? How likely is it that the team can enter the market successfully given the competitive landscape?
- Presentation Skills: How well did the team articulate its pitch? Did they speak clearly and concisely? Did they establish confidence as a team that they could execute their concept?
- Interest level in making an investment: After hearing the pitch, what is the investor's interest level in making an investment in the proposed venture? How attractive is the potential return or payback?
When will finalists be announced? What if my team makes it to the final round?
All contestants are expected to attend the final round of the competition, when the 10 finalists will be announced. Teams that qualify as finalists will be asked to deliver their two-minute elevator pitch before a live audience and panel of judges during the event.
Connect on Facebook
Follow the news, updates and helpful entrepreneurial hints for the Springboard