14 Jan 2021

Pitch Competition – FAQs

14 Jan 2021
Pitch Competition Details
 
Who Should Enter the Competition

BoomStartup encourages every startup who is earning under $250K annually to enter into this competition who has their sights on making a difference in these important aspects to our world. This pitch competition is about pitching the company that creates the innovation; so the narrative should be more like speaking to an investor vs. a customer. For example, focus on how to sell your company or entity that is solving the big problem, instead of focusing upon the innovation itself.

Pitch Submission Content

You are expected to share an investor oriented pitch deck (PDF format) that adheres to our 12 slide format. Additional slides can be added onto the deck as back up slides. The slides should contain all of the content needed for judges to understand the innovation, impact, and business model. We will not judge notes or comments. Slide design is important.

You will also need to submit an under 90-second demonstration video showing the innovation. You must complete the BoomStartup scorecard to be considered a competitor.

Pitch Submission Process

To begin please complete the Step 1 form available at the bottom of this page. Then, you will be asked to register as an entrepreneur in the BoomStartup Open Accelerator.

Step 2 will be to access the Open Pitch Competition material and download the slide template and demo template to begin creating your materials. Once complete, upload this content into the course section to mark your entry complete.

Step 3 is to complete the BoomStartup scorecard assessment. All items must be completed prior to Midnight ET, on February 17, 2021. No exceptions.

Pitch Competition Fees

This competition is free to enter. Entrants can ONLY enter in one category. We ask you to agree to our terms of service and privacy policy and consideration into the BoomStartup Accelerator program. The cost of the competition is being covered by our sponsors, so please show them your support.

Submission Categories

BoomStartup will make a difference on companies who are making a difference in this world. This competition focus is around seven categories: Health and Wellness, Impact, Education, Energy, Financial, Rural, and Productivity. We encourage founders from diverse backgrounds to apply as well.

Although we do not know how many submissions we will receive for each category, we will rank and interview the top bracket to choose a winner. Each bracket winner will receive $1,000.00 USD. Out of the finalists, we will allow the audience to select their favorite submission, who will receive $500.00 USD.

The winners will be selected after presenting at the live, final pitch competition on February 24, 2021. The finalists will present a condensed, three minute business pitch of their choice, and also host a two-minute demo, totaling 5 minutes on stage. The judges will ask up to three questions total, and then make a selection of the winners in each category.

Companies can only apply for one category. It is wise to customize the pitch presentation and demo to emphasize the category influence that their company and innovation bestows.

Judging Process

The judges will review the material submitted (the scorecard, pitch deck, demo video) and rank each submission against each other.  Scoring is based upon professionalism, traction, viability, reach, and most importantly, innovation.

All submissions will be reviewed, the top entries for each category will be selected and announced by February 20, 2021.

The final pitch competition is open to the public and will be hosted on Monday, February 24, 2021.

Final Pitch Competition

Join us on Monday, February 24, 2021 to listen to the determination of the winner in each category. The Final Pitch Competition will be hosted virtually. The top presenters in each category will give a three-minute pitch and a two-minute demo, totaling 5 minutes of presentation time. Our judges will then have the opportunity to ask the presenter up to three questions, and provide up to three minutes of Q&A. Response quality, personality, and precision will influence the final vote. During the competition the audience can vote for their fan favorite, which will be rewarded at the end of the event.

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