What is Junior PioBiz? Who Can Compete?

Junior PioBiz is a Two-Round Business Idea Competition for high school students sponsored by the Entrepreneurship Program at Marietta College. Students may compete alone or in up to 5-member teams. All team members must be high school students.

The table below summarizes the highlights of the Competition.  

Round Competition Format Application Deadline Competition Day Award
1. Problem /Solution Poster Presentation February 7, 2020 February 21, 2020 4:00 pm to 6:00 pm Top 6 teams receive certificates, $50 cash awards, the opportunity to work with Marietta College students on their projects, and move to Round 2. 
2. Proof of Concept Up to 5 minute presentation followed by 5 minute Q&A with judges March 20, 2020

April 3, 2020 4:00 pm to 6:00 pm

Top 3 teams receive certificates, $200, $150, and $100 cash awards, and 3, 2, 1 free Marietta College classes respectively.

 

The Problem-Solution Round of the Competition (Competition Day 1)

Round 1 of the Junior PioBiz Competition simply consists of identifying a problem that is worth solving and describing your solution. Your proposed solution must potentially lead to the establishment of a for-profit or non-profit business organization.  All business ideas must be appropriate for a college-sponsored competition. Marietta College may disqualify any entry that is inappropriate, in its judgemental. Proposals to buy franchises or distribution centers of existing companies are not accepted.

On February 21, 2020, the day of competition, your team will be provided a stand where you can attach a 3 ft. by 4 ft. poster to display the problem and your proposed solution.  Be prepared to interact with the judges and community members effectively.  The PioBiz judges and other members of community will jointly determine the winners of Round 1 in the Junior PioBiz Competition.  Each judge assigns a score between 0 to 20 points to each project.  Each member of the community will be provided with 1000 PioBiz dollars to invest on their favorite projects. Each 100 PioBiz dollar is equivalent to 1 point.  The top six winning teams will receive certificates and $50 in cash.  Furthermore, they will have an opportunity to work with Marietta College students to prepare for Round 2 of the competition.

The key components of the posters are as follows

  1. The project (product or service) name
  2. The names, majors, and graduating class of team members
  3. A clear description of the problem
  4. The reason why the problem is worth solving
  5. A clear description of the solution

You may include a variety of visual aids such as tables, graphs, charts, and pictures in your posters.

To apply, high school representatives (teachers, counselors, principals, others) must complete a brief application online by February 7, 2020.

Proof of Concept Round of Competition (Competition Day 2)

The winners in Round 1 are invited to compete in Round 2 of the competition on Thursday, April 3. In this round of the competition, students will be given up to 5 minutes to describe their business idea and provide evidence that their idea is feasible. 

The key components of the presentations are as follows:

  1. The project (product or service) name, the names, majors, and graduating class of the team members
  2. A clear description of the problem that your proposed product or service will solve and the reason this problem is worth solving.  Who is this product for? Define your target audience/consumers.
  3. The nature of similar products or services that are currently available on the market, and the reasons your proposed product or service is better.
  4. How do you know that your business idea is feasible? (For example, if you will be producing a product, do you have a visual reference? Have you built a prototype?  What is the production cost?  How are you going to generate revenue?  How do you know that your proposed product or service is marketable? How have you gauged customer interest?)
  5. What qualifies you to produce the proposed product or service?  What are the resources that you already have, and what are the resources that you need?

You may include a variety of visual aids such as tables, graphs, charts, prototypes, and pictures in your presentations

The top three winning teams in this round of competition are determined jointly by the audience and judges, and receive the following awards:

First Place: Three free Marietta College 3-credit hour courses valued at $4,275.00 plus $200.00 in cash.

Second Place: Two free Marietta College 3-credit hour courses valued at $2,850.00 plus $150.00 in cash.

Third Place: One free Marietta College 3-credit hour course valued at $1,425.00 plus $100.00 in cash.

To apply, high school representatives (teachers, counselors, principals, others) must complete a brief application online by March 20, 2020.

For more information, contact Dr. Jacqueline Khorassani, Director of Entrepreneurship Program at Marietta College at khorassj@marietta.edu