IDEA CHALLENGE STUDENT RESOURCE PAGE
The Idea Challenge inspires creativity amongst first-year Villanova students by asking a simple question: What new product or service, big or small, could change the world? Each fall semester, first-year business, communications, computer science, engineering, and nursing students pitch ideas in their introductory courses. The top teams present at the Idea Challenge Finals on Thursday, November 17 and compete for a grand prize of $1,000.
Overview
- Students work on teams of 3-5.
- Pitches may be no more than two minutes in length.
- No presentation aids are permitted. This includes slide decks, handouts, prototypes, etc.
- Pitches should answer the following questions:
- What problem or opportunity have you identified?
- What is your solution?
- How big is the potential market?
- How will you generate revenue?
- Pitches are evaluated on the following:
- Clarity of the idea
- How clearly was the idea communicated?
- Problem solution fit
- Does the solution solve the stated problem?
- Understanding of feasibility
- This doesn’t mean that the idea needs to be 100% feasible; rather, does the team understand what it will take to bring the idea to market?
- Clarity of the idea
- There is no competition-wide theme in 2022; however, individual instructors may choose to implement one for their section. We encourage students to THINK BIG.
- The top team from each section competes at the Idea Challenge Finals on Thursday, November 17 @ 5pm in the Villanova Room.
- Contact IIE Assistant Director, Stephen Green, with any questions.
- Familiarize yourself with the rules and structure of the Idea Challenge by reviewing this Idea Challenge Overview Deck.
- Learn the basics of how to pitch. We've created a Pitch Composition Resource Deck to help get you on the right path.
- Here's an example pitch from the 2022 Villanova Student Entrepreneurship Competition Winner, Tonight's Dress.
- Register their team by completing the Idea Challenge Registration Form.
- Your instructor will schedule in-class pitches.
- During in-class pitches, you'lll evaluate your peers on the criteria stated above by casting votes and leave comments.
- If time allows, your instructor may allow a minute or two for Q&A following each pitch.
- After each team pitches, you'll fill out this Voting Form.
- Do not evaluate your own team.
- Instructors will announce the winner and runner up.
- Students can view their tallies and comments by navigating to this Feedback Portal.
- IIE will send information to the top two teams about when to pick up their Villanoava swag item and the winning team information about pitching at the Idea Challenge Finals on Thursday, November 17 @ 5pm.
- Section Prizes:
- Every member of the winning and runner up team from each section receives Villanova swag.
- The top team from each section is invited to compete at the Idea Challenge Finals on Thursday, November 17 @ 5pm in the Villanova Room.
- Idea Challenge Finals Prizes
- Grand prize: $1,000
- 2nd, 3rd, and crowd choice winners: $100 university bookstore gift cards.
- Overview Deck
- A resource for instructors to introduce the Challenge to students.
- Pitch Composition Resource Deck
- Tips for students on how to construct their pitch.
- Team Registration Form
- Each team must register prior to pitching!
- Voting Form
- Students fill out a voting form for each team. They'll evaluate students on the three criteria and leave comments.
- Feedback Portal
- Students can view their tallies and comments by loggin in with the first and last name of the Lead Team Member.
- Voting/Registration/Feedback Portal Tutorial Video
- If you're having trouble with registration, voting, or logging into the feedback portal, this video is for you!