Tag: business concepts

The fourteenth annual Pace Pitch Contest is underway and we are proud to announce that the finalist teams are packed with talented Seidenberg students! Run by the Entrepreneurship Lab at Lubin School of Business, the Pace Pitch Contest challenges teams of students not just from Pace but from other universities around the tri-state area (including Columbia, Harvard, MIT, NYU, Princeton and Stanford) to not just come up with a cool new business idea but to pitch it successfully to a panel of judges. This competition is not for the faint of heart!

The Pitch Contest is based on the Elevator Pitch concept, popular in the venture capital community. It is an extremely concise presentation of an entrepreneur’s idea, business model, marketing strategy, competitive analysis, and financial plan, which is delivered to potential investors. The premise is that it could be made in a few minutes, should the entrepreneur spot a potential investor on an elevator and have the opportunity to pitch their idea during the brief ride.

The final round will be held TONIGHT, Thursday, April 19, 2018, from 5.30pm to 8.30pm in the Bianco Room, One Pace Plaza of Pace University.

Last year, Seidenberg superstars Rachel Gonzalez (MS in Information Systems), Andrew Ku (BS in Computer Science), and Rohana Sosa (BS in Computer Science with minor in Computing Information Technology) took the top spots by pitching their ideas for meditation and artificial intelligence-infused security. Read more about it in the 13^th Pace Pitch Contest blog post!

There are a lot of areas teams will be evaluated on during their pitches.

New Business Concepts will be evaluated on the following judging criteria

Business Description: Details of the venture and what it does.

1. Market Analysis: Characteristics of the market and description of its customers.
2. Product or Service Analysis: The specifics of the product or service.
3. Competition: Identify current and potential competitors.
4. Marketing Strategy: How sales will be achieved.
5. Operations: How the product or service will be produced and delivered.
6. Management: An assessment of the entrepreneur(s) and team.
7. Finances: An overview of the required resources and economics of the venture.
8. Investment Proposal: The terms and conditions offered to investors.
9. Presentation: Overall effectiveness of the actual presentation.

Social Ventures will be evaluated on the following judging criteria.

1. Assessing the Need: An analysis of the social issue and its affected population.
2. Well-defined Target: Characteristics of the market and targeted population.
3. Management: An assessment of the entrepreneur(s) and team.
4. Creativity: A demonstration that the proposed solution displays a unique approach.
5. Feasibility: A demonstration that the venture can be successfully implemented.
6. Planning: A clear and well-defined strategy to achieve objectives and goals.
7. Operations: How the product or service will be physically produced and distributed.
8. Sustainability: Long-term prospects for viability and success.
9. Social Impact: The value that the new venture will bring to society.
10. Presentation: Overall effectiveness of the actual presentation.

Participants must work on both New Business Concepts as well as Social Ventures to make their venture a success in the final round.

Professor Bruce Bachenheimer, Executive Director of the Entrepreneurship Lab, oversees the contest.

The judging panel includes:

• Danny Potocki, Founder, FINIS Ventures
• Christine Roth, Economic Development Advisor
• Jonathan M. Satovsky, Founder & CEO, Satovsky Asset Management, LLC.
• Sandy Wollman, Co-Founder and Managing Director, Westchester Angels

In total, we have 9 Finalist teams for the contest with around 2 – 3 participants in each team.

Here are the Innovative Ideas our students have come up with:

1. AngelEats

• They have come up an idea to combat food waste from restaurants and share the food to nonprofit organizations like orphanages and homeless shelters. Their focus is building a bridge between restaurants and nonprofit organization and giving the food to the people in need.
• Team members from Pace – Quincy Doccy (BS in Computer Science), Weichao Hou (MS in Finance) and Avinash Mudduluru (MS in Computer Science)

2. Arogyaa

• Sanskrit origin meaning – Overall well-being, the health of mind, body, and spirit). It’s been observed that around 251,454 people die due to lack of information about background history and wrong treatment annually. So the application maintains the patients’ medical history, and which coordinates with different doctors and helps them to collaborate to cure patients.

3. Cuddlefish

• Cuddlefish is a blockchain based platform which aims to promote financial inclusion for all through microfinance funded by retail investors in developed countries.
• Team members from Pace – Sumeet (MBA in Product Management) and Jethro (BBA in Financial Research)

4. iCards

• Capturing and keeping tangible mementos of your favorite interests has been around for years, from sports cards to niche entertainment references, trading cards have been collected and enjoyed by young and old individuals for years. The team developed iCards that seeks to revolutionize the game, fully integrating the best parts of the industry into a comprehensive, universal platform to trade, play, and collect cards.
• Team members from Pace – Jen McCall (BS in Computer Science) and John Mulcahy (BS in Computer Science)

5. Redact

• Redact is a legal organization that works with individuals who have been convicted of a crime to have their criminal records sealed. Redact’s mission is to unshackle those New Yorkers from the stigma and disabilities that come after a criminal conviction will give a segment of society the chance to get back on their feet.
• Team member from Pace – Christopher Matcovich (3L, Pace Law School)

6. RockBox

• RockBox delivers handmade cocktails from all over the world to the customers’ doorstep. With monthly subscriptions, customers will be provided with the alcohol, bitters, mixers and fresh produce needed to create their own boozy beverage. RockBox plans to target professional millennials who enjoy drinking alcohol and take pride in crafting their own cocktails from the comfort of their home.
• Team member from Pace – Zakiya Sims (BS in Computer Science)

7. Sylvian Hyde

• Sylvian Hyde is an emerging luxury menswear brand founded and based in New York City. The company currently offers ready-to-wear men’s apparel as well as custom and bespoke design services. In the future, the brand plans to gradually expand the product offering to menswear accessories such as belts, bags, shoes, and later a women’s line. The Sylvian Hyde® brand aims to provide men with more options with modern, sophisticated aesthetics and functionality
• Team member from Pace – Jabari Chambers ‘18 (MBA in Human Resources and Financial Management)

8. WOTOPA

• WOTOPA is a platform where campus students can buy, sell, donate, offer services and can build inter university network by exchanging ideas and collaborating via forums. WOTOPA aims to be one stop solution for buying, selling, promoting and collaborating under one roof with safe, secure and easy to use environment for Students.
• Team members from Pace – Haseeb (MS in Computer Science), Suman (MS in Computer Science) and Varad (MS in Computer Science)

9. @Pace (Augmented Tour of Pace University)

• It is a Business-to-Customer (B2C) software startup focusing on augmented reality (AR). The software program allows users to explore Pace University via mobile application, without having to attend a scheduled tour, meaning that – it allows the user to interact and explore the facilities of Pace University, without having to be physically present.
• Team members at Pace – Kenneth Okereke (MS in Computer Science) and Stephanie Okereke (BS in Computer Science)

Up for grabs is a 1^st Prize of $1000 Cash, 2^nd Prize of $500 Cash and the 3^rd Prize of $250 Cash.

The Seidenberg School of CSIS wishes all participants the best of luck in the contest!