FAQ

How are teams selected to compete in the Second Round at the InNOLEvation Challenge Business Plan Competition?

Teams are selected based on the Business Abstracts submitted. A small group of individuals with various expertises will review each Business Abstracts and are evaluated based on the judging criteria outlined in the Rules section.

How many people can be on one team?

Teams can be between 1 and 5 students.

Can I change my team after I’ve been accepted for Stage 2?

Yes, you have until February 14, 2014 to make any changes to your team.

Is a computer provided to my team during the competition or do we bring our own?

A laptop computer will be available for presentations. Each team will be given time on Wednesday, April 9, 2014 for a tech check to connect to the room AV equipment and make any necessary changes before competing on Friday.

Does our faculty advisor have to attend the competition?

No, faculty advisors are not required to attend the competition, but we strongly encourage them to attend.

How is the confidentiality of the intellectual property protected?

Due to the nature of the competition, we are not able to ask judges, reviewers, staff, or other audience members to agree to sign non-disclosure statements. However, The Jim Moran Institute makes every effort to limit the distribution of business plans to only the invited judges of the competition.

Can our new business idea be non-profit?

Yes, teams may be “non-profit” entities, but all ventures must be seeking outside equity capital.

Who are the judges and what are their backgrounds?

We try to hand select a diverse group of individuals with experience in starting new businesses. They are venture capitalists, angel investors, entrepreneurs, service providers, and business executives.

 

Shark Tank Finale 2014

Awards

1 Wavelet

2 ERISTA

3 BarStool App

4 ArrowDynamix

5 AstroQueue

Aqualights

Beyond-Innovation

IC Impact

Solibre Solar

True Nole-Fred Adenuga


 
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