December 3, from 2 pm to 4pm
Entry Deadline: November 23
Apply at www.Back-Offices.com/elevator
LOCATION: Via Zoom. Finalists will receive a link.
Companies must be student-owned and conceived. The presenter must be a student at a Connecticut college, university, or high school during the current academic year. This is a pre-revenue competition: businesses with sales in excess of $10,000 are ineligible. Entrants who won more than $500 in any Entrepreneurship Foundation competition during the current or prior calendar year are ineligible
Enter at www.Back-Offices.com/elevator. You will be asked for a brief description of your product or service, and how it's better, cheaper to produce (and why), how customer service is superior, or why the target market is underserved.
You'll also be asked to upload a link to a 30- to 60–second video of your pitch (problem and solution) posted to YouTube. Do not include PowerPoint slides, but you may use a prototype as a prop. Please do not password protect the video as this makes it difficult for judges to access.
On November 30, a select number of applicants will be invited to pitch live to a panel of judges at the Finals on the afternoon of December 3.
A. Venture Enterprise. Scalable, capital intensive, large market. $7000 distributed among top finalists
B. Personal or Service Business. Limited market, small cap. $7000 distributed among top finalists
C. Best Presentation (any category) $500
D. Best Business Concept by a High School Student $500
Additional Awards as Service Vouchers for Selected Finalists
1. Vouchers for 6 months at an incubator or co-working space for the price of one month. [Known and MakeHaven in New Haven, reSET in Hartford, Whitneyville Commons in Hamden, BioCT in Groton, MOCO in Bridgeport]
2. Vouchers for 6 month’s rent at a maker space for price of one [MakeHaven, Danbury Hackerspace]
1. PROBLEM: Solves a real problem; there is strong customer pain or desire
2. SOLUTION: Superior or cheaper than alternatives, or serves new market niche
3. TARGET MARKET: Clearly defined; adequate size to support business
4. MANAGEMENT: Knowledgeable about industry; Convincing
5. FINANCE: It's clear how the company will make money
6. FUNDING: It's clear how much the company needs to launch or grow. (If company does not
require funding at this time, it may have an alternate need, such as customers or talent.)