Rules

The competition will run in November!

Go to the competition page and sign up as a voter.

Material

Each team should prepare the following material before the competition starts:

1. A short description of the business idea (less than 200 words).

2. Your chosen method of explaining your idea! The freeform explanation can be a short pitching video (max. 90 seconds), a document consisting of a max. 1000 word description of your idea (e.g. Executive Summary), a slideset (max. 5 pages with font size 20+), or a short animation (max. 90 seconds). The link may point to e.g. YouTube, Dropbox or similar service where the material can be viewed and/or downloaded from. NOTE! The material is made public, so do NOT share trade secrets.

The competition will start November 3rd with public evaluation, ANYONE can join evaluating the ideas. This public evaluation process will last for 2 weeks, after which 8 finalists are announced based on the public votes. Teams can promote their ideas, but this is NOT a publicity vote. The Innopinion process will give voters specific tasks to evaluate the “goodness” of the ideas, and makes sure that all ideas get an equal amount of evaluations from the public.

The 8 finalists need to provide a 5-slide presentation of the idea for the jury (standardized document that will be sent to the finalists directly). This material is CONFIDENTIAL and contains more in-depth information about the idea. The Jury voting will last for 1 week, during which time each Jury member individually will evaluate and give feedback to all finalists. The winner will be announced early December.

Submitting the material

All relevant information will be provided in a competitor newsletter (pre-registeration signs you up for the newsletter).

Period for pitch submission: November 10th, 2014

Note: You only submit the links to your material. Use e.g. Dropbox to share videos, slidesets, animations, etc.

How the ideas are rated and evaluated

SomePitching uses the Innopinion platform to manage the idea rating process and the selection of winners based on the ratings from both the public and professional jury.

The material is rated by the public and/or the professional jury based on these criteria:

  • Traction to buy or use the solution (pitch)
  • The importance of the problem the solution solves  (pitch)
  • The uniqueness of the solution (pitch)
  • The quality of the pitch (pitch)
  • The business potential (pitch + slideset)
  • The execution plan (pitch + slideset)
  • The quality of the team (slideset)
  • Overall rating (pitch)

The competition format

How we select the winners

The winner is selected from the finalists based on the overall rating from the public and the professional jury.

The team will get an automatic notification of reaching the finals.

If your idea doesn’t reach the finals, a report will be sent to the team showing the criteria in which the idea failed.

Schedule and deadlines

The competition starts November 3rd and lasts for 4 weeks until November 30th, 2014. The Jury will rate the ideas based on the above mentioned criteria during the last week of competition.

Important dates

October 5th – Pitch submission starts

November 10th – Last day to send the pitch link

November 3rd – Public jury starts voting the ideas

November 21th – Public jury voting ends

November 22th – Slideset submission by finalists starts

November 24th – Last day to submit a slideset

November 25th – Professional jury evaluation starts

November 30th – Professional jury voting ends

early December – Winners will be announced

Registration, costs and benefits

The participants

Registration is FREE of charge. All the materials are screened by the public jury in the first level. Any unfit material may be deleted and the participant can be banned from the competition for failing to follow the Rules.

The public jury

Registering and voting is free. The more ideas a voter rates, the more likely he/she is to win personal prizes.

The professional jury 

The jury is formed by the competition organizers and will evaluate the best ideas that pass the public voting levels and enter the finals.

The Jury consists of well-known business professionals from various industries and locations across the globe. The names and other information about the jury members will be made available at the competition website. The jury usually partly changes from competition to competition. Jury evaluations and feedback are presented anonymous at the final reports.

Criteria and Prizes

The winners are chosen from the ideas that pass all rating levels (see the categories above) and enter the finals. The ranking will be determined based on the combined ratings from all the categories.

Responsibilities and rights

All Pitches are made public and may be distributed online without restrictions.

All other materials are only available for the competition organizers, except the slideset that may be made available for the investors, the jury and sponsors. Only Jury accesses the slideset by default, for other occasions the organizer considers case by case the relevancy of providing the material to investors or sponsors and contacts the innovator prior to submitting any materials in such cases.

The organizers may exclude any team from the competition due to invalid or irrelevant material, or any other reason that the organizers consider being against competition rules or good business manners and ethics. Any breaking of competition rules ends up with being shut out of the competition immediately.

All public materials (the pitches) may be used by the competition organizers to showcase and promote the competition unless specifically agreed upon in writing something else.

Other items

As the pitches will be made public and will be promoted heavily at social media, the organizers urge all contestants to protect their ideas with relevant immaterial rights, and to keep in mind not to give out any information that may harm one’s business in any way. The competition organizers expect all participants to understand the rights that they have related to the idea they are pitching for. Additionally, the organizers expect the contestant to only pitch an idea that is of their own thinking or that they have full rights to publish. Remember not to give out too many technical details if not absolutely necessary – most ideas can be well presented without giving out too detailed information.

The pitching itself does not require explaining the technical details or processes or revealing of trade secrets.

Should an investor and a contestant wish to negotiate funding between themselves, the event organizers are in no way involved in the process of doing so. We are glad to promote the ideas and see positive investment decisions take place as a result of the competition, but we don’t take any part in such negotiations or promote particular companies or investors towards each other as such.