What is the Eric Rego Big Idea Competition?
This competition is in honor of Eric Rego, an E-1 who graduated in 2006. Eric passed away in 2008. Students pitch a business idea for 90 seconds to a group of panelists that include Eric's parents, a fellow cohort of Eric's and two gentlemen Eric used to work for. 1st, 2nd, and 3rd place take home cash prizes!
Tuesday, February 16th 2016
Gorecki Family Theater, BAC, College of Saint Benedict
Who Can Participate?
The BIG Idea Competition is open to any individual enrolled at CSB/SJU. We believe that all students have entrepreneurial potential and can demonstrate that potential with limited assistance. We would be happy to provide assistance to individuals to learn about how to further develop their ideas.
What does it take to apply?
A 30 second video submission is due to the Center for Entrepreneurship ([email protected] ) or to Kelli Gradin at [email protected] by Tuesday, February 2nd. Finalists will be chosen by February 9th. You will then have one week to put together a 90 pitch to compete in front of our panel of "Shark Tank" judges and an audience. Winners will be announced at the end of the event. No business plan or actual business is needed.
In your 30 second video submission you will not be able to answer all of these questions, but these questions should help you shape your video. Pick a couple of these questions to answer and use your 30 seconds to make us believe in you and want to learn more about your idea.
1: The quality of your idea.
o Does your idea meet a need?
o Does your idea provide a solution?
o Does your idea have a market?
2. The quality of your presentation.
o Did you say your name and the name of your product/idea?
o Did you make eye contact?
o Did you present with confidence?
o Did you leave the audience wanting more?
o Did you ask the judges/investors for their support?
3. Demonstration that you can turn your idea into results.
o Did you explain how much money you will need?
o Did you explain how you will generate money?
o Did you explain how you will sustain your idea over time?
o Did you demonstrate that you have the skills and determination to make your idea come to life?
What is a Venture Idea?
The possibilities are wide open. A venture idea can be a needed new product, a new way to deliver a service, a new solution to an old problem, a new way to help others, etc. It can address a campus need, a community need, a national need, or a global issue. The venture idea can be about something that has never been tried, something that has been proven elsewhere but needs to be "tweaked" to be done in Central Minnesota, or something that strengthens an existing venture or product. It can be an idea that would be delivered for profit or one that would require a nonprofit organizational structure.
1. Open to all current CSB and SJU undergraduate students.
2. Each individual must be current student
3. Previous winners can apply again but are not allowed to submit the same idea
4. Previous applicants who did not win may submit the same idea in consecutive years