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A Business Pitch Competition for Ivy Tech Students Sponsored by Duke Energy

Have you ever had an idea for an innovative product or service that you wished existed? Have you ever considered turning that idea into a business? If so, the Duke It Out Pitch Competition is for you! This competition for Ivy Tech students will help you take the first steps toward starting your own business. Students from all academic disciplines are welcome to participate (it is NOT required that students have taken business or entrepreneurship courses) and any type of business idea can be pitched. 


How it works: Fill out an application at the link below with your contact information and your business idea. The top 10 ideas will be selected by a panel of judges and will be invited to participate in Pitch Day on Thursday, April 12 at 1pm in Shreve Hall. At Pitch Day, students will have 3 minutes to pitch their business idea to a group of judges who will pick the top 3 pitches. The winners of the competition will receive cash prizes and free business consulting with the Cook Center for Entrepreneurship.


Prizes
1st Place: $500
2nd Place: $300
3rd Place: $200

Rules

  1. All participants must be Ivy Tech Bloomington students who are enrolled for the spring semester.
  2. All business ideas must align with Ivy Tech's rules and conduct guidelines outlined in the Student Handbook. Any illegal or inappropriate business ideas will be automatically disqualified.
  3. Students may register for the competition as a team, but teams cannot exceed two people. If prizes are won, teams will split cash prizes equally.
  4. If students win 1st, 2nd, or 3rd place they must write a thank you note to Duke Energy and will have 1 meeting within 1 month after the pitch competition with staff from The Gayle & Bill Cook Center for Entrepreneurship and/or The Small Business Development Center.
  5. No copyrighted materials unless permission has been granted
  6. Any individual may pitch only one idea. If the individual is on a team, they may pitch 1 additional idea as long they pitch a different idea than the one that is pitched by their team.
  7. If a participant is selected to give a presentation on pitch day, they will be given 3 minutes to give a verbal pitch to group of judges. Pitches will be given in verbal format only and no supporting materials will be allowed (i.e. no PowerPoint presentations).

5 Parts of the Pitch

  1. The Problem and Opportunity (a short story that illustrates the problem can be very effective)
  2. What makes your solution unique? What differentiates your product or service from the products and services that already exist to address this problem?
  3. The target customer (who else might be experiencing this problem or pain point)?
  4. How will you make money (business model)?
  5. What do you need to make it happen? (money, help)