NEW ALBANY, Ind. (Oct.25, 2024) – The IU Southeast School of Business and The Novaparke Innovation and Technology Campus are taking entries to The Next BIG Thing Pitch Competition. As part of Global Entrepreneurship Week, the competition is a celebration of all entrepreneurs and the entrepreneurial spirit.
“Global Entrepreneurship Week is celebrated worldwide, and the IU Southeast School of Business is thrilled to be a part of this celebration in Southern Indiana,” said Dr. Aycan Kara, associate professor of strategic management and entrepreneurship at the IU Southeast School of Business. “This year’s theme, ‘Entrepreneurship Is for Everyone,’ perfectly captures our region’s entrepreneurial spirit.”
“Our community boasts a diverse entrepreneurial ecosystem. Small startups coexist with large multi-million-dollar companies that maintain an entrepreneurial mindset. Seasoned business owners work alongside first-time entrepreneurs, creating a vibrant mix of experience and fresh ideas,” said Kara.
Entrepreneurs entering the competition will have the chance to present their ideas to a panel of experts, entrepreneurs, and mentors, who will provide valuable feedback and guidance on each project. Registrants will also compete with other individuals/teams from around southern Indiana and the best pitches will receive cash awards, mentorship, and exposure.
There are two categories for entry including the Fast Pitch, and Pitch Tank competitions. A total of $30,000 will be split between the competition categories, along with office space at NovaParke Innovation & Technology Campus, and memberships to Maker13.
Sponsors for The Next Big Thing Pitch Competition include IU Southeast, NovaParke Innovation and Technology Campus, Indiana Small Business Development Center (ISBDC), Republic Bank, Ideology, the Root Co-Working Space, Floyd County Library, and Maker13.
The Fast Pitch competition is for individuals/teams who have identified a problem to solve, have addressed a customer need, have executed market research, and have a rough business plan; however, they have not identified or finalized a minimum viable product or service to offer. Businesses must have operated for six months or fewer. The first-place award for the Fast Pitch competition is $5,000 in non-dilutive grant funding and a one-year membership to Maker 13 in Jeffersonville, IN.
The Pitch Tank is for individuals/teams who have a completed business plan and have identified a specific minimum viable product or service to offer. . The first-place award for the Pitch Tank competition is $25,000 in non-dilutive grant funding and office space for the 2025 calendar year at Novaparke Innovation and Technology Campus in Georgetown, IN.
Applications must be submitted by 5:00 p.m. on Wednesday, November 6, 2024. The application must include a completed application, a three-minute elevator pitch video, and an executive summary, not to exceed 1,000 words. Finalists will be selected, and all applicants will be sent a notification email by 5:00 p.m. on Wednesday, November 13.
The Live Event will take place on Wednesday, November 20, 2024, from 6:00 p.m. to 8:30 p.m. in the IU Southeast Hoosier Room. Doors will open at 5:30 p.m. for networking.
“The Next Big Thing Pitch Competition, in only its second year, is a great event that helps community innovators, and our students understand that they can be part of a local and university-wide entrepreneurial support system of mentors, peer support, and resources,” said Dr. Seuth Chaleunphonh, regional campus and online education faculty fellow and regional coordinator for IU Innovates.
“The Next BIG Thing Pitch Competition is one way to showcase and celebrate this entrepreneurial spirit. We believe no idea is too small to pitch or build a business around. Entrepreneurship is for everyone, regardless of your background or experience: Whether
you’re a musician, maker, teacher, coder, tech enthusiast, seasoned entrepreneur, serial innovator, or just starting your journey,” said Kara.
For more information or to submit a registration, visit the Next BIG Thing event page, https://events.iu.edu/southeast/event/1659683-the-next-big-thing-pitch-competition.
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About IU Southeast: IU Southeast is one of seven campuses of Indiana University. Offering more than 150 degree programs and concentrations, the scenic 180-acre campus is located less than 15 minutes from downtown Louisville, Kentucky. It currently has over 3,750 students and employs over 360 faculty members. About 400 students live on campus in five fully furnished, lodge-style residence halls. Through an agreement with the Commonwealth of Kentucky, Indiana University Southeast offers in-state tuition to students enrolled from eight counties in the Louisville region. IU Southeast has three nationally recognized, accredited schools including the School of Business, School of Education, and School of Nursing. For more information, visit https://southeast.iu.edu. IU Southeast is a tobacco-free campus.