You step into the elevator, and who should be standing there but the CEO of your company. You have a great business idea, but you need capital. You’ve got 60 seconds (the time it takes the elevator to get to the top floor) to pitch your idea to the CEO and hopefully secure an investment.
Our E-pitch competition is a mandatory part of the freshman curriculum at Bryant University. Throughout the semester-long Global Foundations of Business course, freshmen form teams and work on a business plan for their hypothetical product or service. Our E-pitch competition is one of the projects they work on with their hypothetical companies. To help them prepare, we visit each class section to explain to concept, as well as offer coaching sessions for them to practice.
Two team members from every team in every section of the course pitch their idea in a preliminary round to professors and student judges. From this round 12 teams advance to the finals. Dinner is served, and then the keynote speaker for the evening delivers their address. We have brought in the likes of the Cardi Brothers, the CEO and founder of Not Your Average Joes, and various other entrepreneurs.
The final 12 teams then deliver their pitch again to the entire audience and our panel of judges. The judges are given 2 minutes to ask questions to get more information about the product. During the final round, teams don’t know if they have advanced until their name is called, adding to the excitement. The winning team receives $750, with 2nd and 3rd place finalists receiving $500 and $250 respectively.