The lowdown on the Problem Pitch Competition
Applications are now open for the Problem Pitch Competition, a competition where current University of Waterloo students will identify and pitch important industry problems to a panel of judges on Tuesday, October 17.
To apply, teams of up to four students must thoroughly research an industry problem to understand its history, scope, and impact. Participants will be asked to answer guiding questions like:
- Why is the problem important?
- What are the boundaries of the problem?
- Who is mistaken about what, and why?
Along the way, participants will have the opportunity to attend workshops, practice pitching sessions, and mentoring appointments to aid their ideas and research.
Up for grabs is $7,500 in funding to be used on R&D for a venture that solves the problem identified. The first-place team will win $5,000, the second-place team will win $2,500, and the third-place team will win the People’s Choice Award – receiving a prize for every team member.
To give you an idea of the kind of problems to investigate, last term’s winner Intelline pitched compelling research showing that modern cryo-cooling methods limited the opportunities to develop technology because the machinery is too expensive. Their current objective is to develop cryo-cooling technology at a lower price. Their website states that “we are refining our unique designs to ensure our systems are truly the most convenient and effective cryo-cooling solutions on the market”.
Is there an industry problem you want to solve? Make note of the competition schedule above and don’t miss your opportunity to apply! Apply now before the deadline closes on Tuesday, September 26 at 11:59pm. Visit our page to find out more information about the Problem Pitch Competition, including how to enter, sources to use, and examples of past pitches.
The Problem Pitch Competition is a collaboration between Velocity and the Problem Lab.