Skandalaris Center

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Get help developing your new idea, invention or venture in the Skandalaris Venture Competition (SVC).

Applications open Monday, September 21st and close on Monday, October 5th at 5pm. 

The SVC provides expert mentorship to new ventures and startups to ready them for commercializing their idea, launching, and pitching to investors. Teams will develop materials focused on explaining the idea they are working on to a broad audience. 

Teams will develop an IdeaBounce® post, a 2-minute video pitch, and a one-page written summary. If selected as a finalist, teams will create a financial projections page and pitch with slides that will be presented for a Q&A session with judges on December 8th.

Up to $22,500 in awards available

Apply Here: Fall 2020 SVC Application

Who is eligible: Any current Washington University students and all alumni within one year of graduation with an early-stage venture or idea.

Timeline:

·            Applications open Monday, September 21

·            Applications close Monday, October 5 at 5pm

·            IdeaBounce® post due Monday, October 5 at 5pm

·            2-minute Video Pitch due Monday, October 19 at 5pm

·            One-page written summary due by Monday, November 2 at 5pm

·            Finalists will be announced in mid-November

·            Revised executive summary with financial projections due Monday, November 30 at 5pm

·            Final presentations will be held on Zoom on December 8

 

JUDGING CRITERIA

STAGE 1                                                                                     

Two-Minute Video

Videos will be judged on the following criteria on a 1-5 scale:

1.        Problem: Clear, concise description and understanding of the problem

2.        Solution: The solution is feasible and implementation is achievable by team and highlighted collaborators

3.        Target customer: Team has spoken to potential users and has a plan for ongoing customer discovery

4.        Value Proposition: This is an original solution and differentiated from established competitors

5.        Use of Medium: Creativity of video and storytelling using this medium

 

Executive Summary (Selection on Finalists)

Executive Summary will be judged on the following criteria on a 1-5 scale:

1.        Problem: Clear, concise description and understanding of the problem

2.        Solution: The solution is feasible and implementation is achievable by team and highlighted collaborators

3.        Target customer: Team has spoken to potential users and has a plan for ongoing customer discovery

4.        Value Proposition: This is an original solution and differentiated from established competitors

5.        Minimally Viable Product or Service: Team has a plan for development of a working product or service. 

6.        Team: The team understands their capabilities and has a plan to fill knowledge gaps. Diversity of disciplines encouraged.

 

STAGE 2 (FINALIST)                                                                   

Written Summaries (40% of final score)

Summaries will be judged on the following criteria on a 1-5 scale:

1.        Problem: Clear, concise description and understanding of the problem

2.        Solution: The solution is feasible and implementation is achievable by team and highlighted collaborators

3.        Target customer: Team has spoken to potential users and has a plan for ongoing customer discovery

4.        Value Proposition: This is an original solution and differentiated from established competitors

5.        Industry Trends: There is demand for this solution, there is a significant market, and potential positive impact to society.

6.        Minimally Viable Product or Service: Team has a plan for development of a working product or service. 

7.        Financial Modeling: Pricing, marketing, sales, revenues, and investment needed are realistic.

8.        Traction: Team has established and is meeting milestones, including having paying customers and/or partnerships. There is a clear plan for future growth.

9.        Team: The team understands their capabilities and has a plan to fill knowledge gaps. Diversity of disciplines encouraged.

 

Final Presentations (60% of final score)

Teams will be judged on the following criteria on a 1-5 scale:

1.        ­Problem: Clear, concise description and understanding of the problem

2.        Solution: The solution is feasible and implementation is achievable by team and highlighted collaborators

3.        Target customer: Team has spoken to potential users and has a plan for ongoing customer discovery

4.        Value Proposition: This is an original solution and differentiated from established competitors

5.        Industry Trends: There is demand for this solution, there is a significant market, and potential positive impact to society.

6.        Minimally Viable Product or Service: Team has a plan for development of a working product or service. 

7.        Financial Modeling: Pricing, marketing, sales, revenues, and investment needed are realistic.

8.        Traction: Team has established and is meeting milestones, including having paying customers and/or partnerships. There is a clear plan for future growth.

9.        Team: The team understands their capabilities and has a plan to fill knowledge gaps. Diversity of disciplines encouraged.

10.    Presentation: Team presented confidently, answered questions effectively, and has the motivation to succeed.

 

 


 

 

Contact the Skandalaris Center with questions: sc@wustl.edu.