Organization:1000 Pitches

Overview

1000 Pitches is an entrepreneurial competition started by its founders, Ashwin L. and Israel V. As great ideas were developing out of the Bay Area (2007), both Ashwin and Israel realized that if the University of Michigan wanted to keep up with entrepreneurial methods, they would have to bring their ideas back to Ann Arbor, Michigan. Soon after this realization, Ashwin and Israel created a student organization called MPowered Entrepreneurship and, as a student group, generated the event called 1000 Pitches. 

The idea behind the 1000 Pitches event is to get students to "pitch" their entrepreneurial idea in a short clip on the internet. Pitches are divided into nine categories and winners are then elected in each of the categories. Each winner is awarded with $1,000 and must be currently enrolled at either University of Michigan - Ann Arbor or Pennsylvannia State University. 1000 Pitches is Ashwin and Israel's neat idea to help bring innovation back to campus and is currently in its sixth year (2013).

Purpose

The MPowered Entrepreneurship student organization is aimed at achieving an entrepreneurial mindset and to bring students together to be a part of something different. It has been a great way create innovation and entrepreneurship on both campuses as it instills a sense of pride on campus and in the students selected as winners.This competition is a great way to network as well as it is fun to see all of the different videos. Currently, the pitches are being submitted and the goal is to reach over 4500 pitches (remember each person can only pitch 3 times).

Distinct Differences From Other Offerings

Business model competition:

• Business model - does it suit consumer needs?
• Process and validation
• Tool students use
• Adapt and change canvas - constantly evolving business model
• Polish entrepreneurial ideas to have a successful process
• 1st place gets $25,000, (28 awards available)
• Well-funded

1,000 pitches:

•  30 seconds to 3 minutes to pitch an idea
•  Best pitch wins $1,000
•  8 categories (winner per category)
•  Help create innovation on campus in Pen state, University of Michigan (local, not international)

Engineers Without Borders:

• Manage international engineering projects - worldwide impact
• Relationships with other cultures
• Create engineering designs
• Lead and follow through with their designs
• manage an organization - finances, fundraising, and relationships with faculty and donors
• Get away from crunching numbers at a desk and work on real live projects
• 5 year project commitment

Impact Achieved For Students and Campus

Working on getting pictures since the videos are not able to be posted or i have not figured out how to get them posted. This seems to have a great positive impact on the U of M campus, it is still early in the Penn State version of this endeavor. The U of M has over 700 students in its MPowered Group as well as signing up new members each semester.  It has a large impact on the student body around the time of the competition and students all over campus take pride in wearing "1KP" shirts, which also aids in promoting the organization and competition. 1KP places "Pitch Stations" to give out merchandise to students who have previsouly entered or need information on how to pitch, which works great as source of information. 

Steps Required To Bring Resource to Campus

First you would have to contact Diego Calvo since he is the Co-Director this semester in charge of judging team as well as expansion of the idea of 1KP, they are interested in other schools teaming up with them like for example Penn State, 

They need to see you have great Entrepreneurship team on campus and want to see you excited to expand the idea of Entrepreneurship. 

Notes about how the even is accomplished. 

The event last for one semester and they restart in the fall each year, they have trained student judges around 22 and they will judge pitches as they come in each week. Each student judge has a quota of 150 per week to watch and judge. From this each pitch will be judged 3 times before the finally. The summit is where the top 200 pitches come together for a large social gathering and from there the sponsors of 1KP will choose the winners for each of the categories. 

Contact Information

Diega Calvo 

Diego Calvo <calvod@umich.edu>

Co-Director of 1KP