The EEC Elevator Challenge
February12th, 2019 - 6:00 p.m. - Cremer Hall 1st Floor
Do you have what it takes to pitch your business idea?
Ride the Cremer Hall elevator from 1st to 5th and pitch your business idea for 27 seconds! Win one of three $100 prizes: Best Pitch, Best Idea, and Judge's Choice! Pizza and prizes! Meet local entrepreneurs to discuss your business plan for EEC! No reservations, just show up! Sponsored by Beta Gamma Sigma.
The Emporia Entrepreneur Challenge
The Emporia Entrepreneur Challenge is a venture idea competition that is open to students from Emporia State University and Flint Hills Technical College.
The framework for the Challenge begins with participants, either individuals or teams up to three members, submitting a 3-page (maximum) executive summary and registration form to the competition by Monday, February 19th, 2019. Through submission of the executive summary, teams will attempt to refine their venture with the intention of advancing to subsequent rounds of the competition.
January 29th, 2019 Need Help assembling a team? Come to the Meet and Greet. Location is at the Sauder Alumni Center on Highland street from 6:00 pm to 8:00 pm. Students will be able to find a team member that will complete their needs.
February 12th, 2019, 6:00pm Elevator Challenge, Cremer Hall 1st floor. Students could win $100.00 for the Best Pitch, Best Idea, Judge's Choice.
February 19th, 2019, the written 3-page,(maximum) double spaced executive summary and registration form is due. It should be submitted in electronic, PDF format by midnight, February 19th, 2019 to firstname.lastname@example.org.
February 21st through March 5th, 2019, graders will review submissions and nominate up to 20 teams for the semifinals.
March 6th, 2019, up to 20 semifinalists will be announced.
March 6th through March 18th, 2019, Students should prepare for the oral presentation and fine tune their business plans.
March 19th and 20th, 2019, Students will make their final pitches to a panel of judges. Students or teams will have 15 minutes for their pitch, presentation and question and answers. These sessions will be in 20 minute intervals. Sessions are located below:
March 19th, 2019, Tuesday: 1:00 pm -- 4:00 pm in the PKP Room of the Memorial Union
March 20th, 2019, Wednesday: 9:00 am -- 12:00 pm in the PKP Room of the Memorial Union
March 27th, 2019, will be the Emporia Entrepreneur Challenge Community Showcase: The semifinalist teams will present their business concepts to the community and judges at a community showcase in the Memorial Union. Each team will create a poster display, and one member must be present throught the time to answer questions from judges, and community. During this showcase, the top three teams will be chosen and asked to make a 3-5 minute business pitch to determine 1st, 2nd, and 3rd place! Showcase located below:
March 27th, 2019, Wednesday: 9:00 am -- 2:00 pm. Teams must be set up by 10:00 am
March 29th, 2019 is the deadline to submit the top two teams to Kansas State University's Entrepreneur Challenge.
April 30th, 2019, Kansas Entrepreneurship Challenge at Kansas State University. The top two teams of the EEC will travel to Kansas State University to represent Emporia in the Kansas Entrepreneurship Challenge.
Teams will be competing for cash prizes.
1st Place: $2,500.00
2nd Place: $1,500.00
3rd Place: $500.00
Register here: EEC Registration
Product development should take place in early spring, with the initial deadline to enter the competition being February 12th. The subsequent stages of the competition will take place throughout the duration of the spring semester with a culminating presentation on March 27th.
The Emporia Entrepreneur Challenge is open to all full-time and part-time undergraduate and graduate students at Emporia State University and Flint Hills Technical College enrolled during the spring 2019 semester. Students from all majors and backgrounds are encouraged to participate. Non-students may advise the team; however, only students may present the plan to the judges during the competition on campus. The concept and venture must demonstrate student management and ownership.
Individuals may submit a concept. However, entrepreneurship teams are encouraged. Student teams should not exceed three students.
The Emporia Entrepreneur Challenge welcomes independent student ventures in the concept stage or seed stage. Generally excluded from entry are the following: buy-outs, expansions of existing companies, real estate syndication, tax shelters, franchises, and licensing agreements for distribution in the local market. Plagiarism of patents or copyrights will result in disqualification.
Limit on Ideas
Teams or individuals may submit up to two different business concept ideas. However, only one concept per person/group may qualify for the semifinal round.
Written Executive Summary:
The written executive summary must be submitted in electronic, PDF format, by midnight, Tuesday, February 19th, 2019 to email@example.com. A confirmation email will be sent Thursday, February 21st, at noon. If students do not receive an email they need to contact Beth Ginter at 620-341-5371 or firstname.lastname@example.org.
The 3-page executive summary presents the idea for initial evaluation in a short and compelling form. This is not a research report. It is a sales pitch! The effort involved in preparing the concept requires the team to carefully and realistically assess the opportunity. This action is the first step in developing a business plan. The idea feasibility, when completed, will present the key information needed to evaluate the opportunity, without going into the depth that a full business plan requires. The completed executive summary should be no more than three pages. Click here for the executive summary.
Your visual aid should be no more than 12 slides long and cover the information outlined in the written executive summary. You should assume that the judges will not have read your written concept, so the visual aid should provide a complete explanation of the concept. A suggested outline is:
1. Intro: What's your idea?
2. Management: Who's on your team?
3. Market Need: Who are your customers?
4. Value Proposition: Why will they buy?
5. Competition: Who's your competition?
6. Strategy: How do you generate sales?
7. Financial: How many will you sell? At what cost?
8. Plan: What are your next steps?
- Time limits for the oral presentations will be 10-15 minutes, with 15 minutes allotted for question and answers. A common strategy is for one member of the team to give the bulk of the presentation while other members provide support in areas of their respective expertise. It is to be determined by each team how they would like to present.
- During the semifinals, teams will present in front of only the judges and assistants for the Emporia Entrepreneur competition. No general audience or other teams are allowed to hear the presentation.
- A laptop and projector/screen will be provided.
- Remember oral presentation should be compelling and persuasive! This is not a research report, where you demonstrate that you did the work, but a sales pitch where you convince the judges that you and/or your team can succeed.
- The winners of the competition will be named at the event in March. Awards will be given to the top three places.
- If students compete in teams, prize monies will be divided equally among team members.
- Placing in the competition does not guarantee that teams will have investors.
For more information on the Emporia Entrepreneur Challenge; please contact Dr. Jeff Muldoon at email@example.com or Beth Ginter at the School of Business at 620-341-5371 or firstname.lastname@example.org.
Emporia Entrepreneur Challenge Competition Documents
EEC 2019 Registration
Elevator Challenge Flyer
Emporia Entrepreneur Challenge Flyer
Emporia Entrepreneur Challenge Executive Summary