Difference between revisions of "Organization:1000 Pitches"
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| − | 1000 Pitches is an entrepreneurial competition started by | + | 1000 Pitches is an entrepreneurial competition started by its founders, Ashwin L. and Israel V. They saw great ideas developing out of the Bay Area (2007) and 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 an event called 1000 Pitches. |
The idea of the event is to get students to "Pitch" his or her idea in a short clip on the internet and then winners were elected in each of the categories on certain days. It's a really neat idea on bringing innovation to their campus and since it is in their 6th year, they have done very well. | The idea of the event is to get students to "Pitch" his or her idea in a short clip on the internet and then winners were elected in each of the categories on certain days. It's a really neat idea on bringing innovation to their campus and since it is in their 6th year, they have done very well. | ||
Revision as of 19:15, 8 October 2013
Contents
Overview
1000 Pitches is an entrepreneurial competition started by its founders, Ashwin L. and Israel V. They saw great ideas developing out of the Bay Area (2007) and 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 an event called 1000 Pitches.
The idea of the event is to get students to "Pitch" his or her idea in a short clip on the internet and then winners were elected in each of the categories on certain days. It's a really neat idea on bringing innovation to their campus and since it is in their 6th year, they have done very well.
Purpose
MPowered is aimed at getting people's minds set on Entreprenurship and brings them together to be a part of something different. The idea is that at either University of Michigan - Ann Arbor or Pennsylvannia State University an event is held for students that are currently enrolled at the universities.It has been a great way create innovation and entrepreneurship on those campuses as well it instills a sense of pride in the campus and the students that are selected as winners in the groups of submissions. It has a large impact on the student body around the time of the competition and students all over campus are wearing their "1KP" shirts, which work as advertising for the competition. 1KP hold "Pitch Stations" to give out merchandise to students who have pitched or need information on how to pitch, which works great as source of information. 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 - 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
•well funded
1,000 pitches:
•2 - 3 minutes to pitch an idea
•Best pitch wins $1k
•Help create innovation on campus in Pen state, University of Michigan (local, not international)
•8 categories - $1k each November 8
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.
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
