CT New Product Business Competition
$25,000+ in cash awards for translational R&D to develop marketable prototype.
Submit PPT by Thursday, April 13 to roer@entrepreneurshipfoundation.org.
(Scroll down for downloadable template.)
Prizes for Consumer products, Industrial (B-B) products, Planet sustainability, and Access to Safe Water (H2O capture, extraction, cleaning, storage, or transportation).
Finals will be held Friday, April 21 at 2:00 pm. Judging criteria will include whether product could/will be made in CT. We encourage entrants to identify a potential manufacturer.
At the finals each innovator will have the opportunity to give a 3-minute PowerPoint presentation and answer questions from judges.
Training
Training Session “Pitching Products to Investors and Judges” Thursday, March 16, 5:00-6:00 pm. Via Zoom. Register to attend via https://HowToPitch.eventbrite.com and we'll send you the Zoom link.
Eligibility
Connecticut residents and students at Connecticut schools are eligible; products must be pre-revenue (not yet in marketplace, other than on a limited trial basis for market testing).
Submit PPT below by Thursday, April 13 to roer@entrepreneurshipfoundation.org.
Finalists will be notified April 18 via email. The state finals pitches will take place Friday April 21 at 2:00 pm.
JUDGING CRITERIA
1. Problem. Solves a real problem; substantiated strong customer pain or desire
2. Solution. Superior or cheaper than alternatives, or serves new market niche
3. Patent Potential (or other strong barrier to copying)
4. Speed to Market. How soon test marketing can commence)
5. Capital Intensity: Funding needed to bring to market
6. Realistic Annual Sales Potential (by year 3)
