Deadline is coming up to Submit Seahawk Tank Pitch Applications
The deadline is nearing for the Keiser University Seahawk Tank Pitch Contest. This competition provides students with the opportunity to see their business goals and inventions come to life. Eight finalist contenders will present their ideas to a panel of industry judges in hopes of winning cash prizes and in-kind services.
The Keiser University Pitch Contest is similar to “Shark Tank,” but students are not selling a portion of their company for funding. The business idea must be an invention, a startup company or an early-stage company no older than one year. Here’s how it works:
- The student(s) will pitch to a panel of judges who will be acting as angel investors from whom the students are requesting funding.
- The student(s) will explain the amount of money needed to run their company over the next three years. Current and/or former student presenters can be a team, but the former KU student team members must first be approved by the competition’s executive directors, Dr. Olsher and Mr. Stamas. At least one team member must be a KU student.
There will be eight presenters at the PC (two from each of four regions that are organized to include all 18 KU campuses)
Each campus will have a campus coordinator who will filter the applications and then submit their choices to their regional coordinator. The regional coordinators will process the applications and decide which two pitches from their areas will be entered into the final competition at Keiser University’s Flagship Campus on March 20, 2019.
This is the first system-wide pitch competition at KU. The final pitch competition will be held on Wednesday, March 20, 2019 from 4:00pm to 6:00pm at the Keiser University Flagship Campus’ Turner Education Center Auditorium.
The pitch competition is open to any KU student currently matriculated at any of Keiser University’s 18 campuses. The student can have any major or concentration and can be studying in any discipline (such as, nursing, criminal justice, forensic accounting, business, etc.) The deadline for submitting application forms is February 1.
The invention or business idea must be realistic and achievable, and include financial projections.
- The pitch is limited to no more than five minutes and should include:
- The product or service – Describe it clearly. Ensure that product and market research is done.
- Value proposition – Why would anyone buy your product or service?
- Opportunity – What problem or need in the market place is your product/service solving?
- Target market – What is it, and how will you approach and enter this market?
- Distribution – What mechanisms will you use to deliver your product/service to your customers?
- Financial projections – Three year forecast of revenues, expenses & startup costs. See PPT’s.
- Amount of funding requested – How will you spend the money?
- Exit strategy for your investors – How do your investors get their money out?
- Management team – Who is it, and describe the strengths and weaknesses of the team.
For more information about the contest and recommendations on creating a good pitch, go to https://forms.keiseruniversity.edu/pitch-competition/
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Keiser University is pleased to join forces with guest lecturer, and New York Times Bestselling author Don Yaeger, to offer The Greatness Leadership Initiative: Transforming the World in the Face of Change. This open, online course is available free of charge to all in the Keiser University community. Stay tuned for more information!
The Greatness Leadership Initiative: Transforming the World in the Face of Change