PioBiz Competition Days
Round 1: Problem-Solution
Application Deadline: oct. 11, 2018
Competition Date: Oct. 18, 2018
Presentation Format: up to 2 minutes, 2 slides
Award: Top 10, $50 to $140 each
Round 2: Proof of Concept
Application Deadline: Jan. 24, 2019
Competition Date: Jan. 31, 2019
Presentation Format: up to 5 minutes, 5 slides
Award: Top 5, $150 to $230 each
Round 3: Business Plan
Application Deadline: April 11, 2019
Submit via email to Dr. Jacqueline Khorassani (firstname.lastname@example.org)
Competition Date: April 18, 2019
Presentation Format: Up to 20 minutes, 20 slides
Award: A total of up to $10,000 will be awarded to top 1, 2 or 3 plans
PioBiz Workshop Days
Workshop 1: Problem-Solution
Sept. 20, 2018: 5:00-6:00 p.m.
Professor Linda Roesch
Workshop 2: Proof of Concept
Nov. 8, 2018: 5:30-6:30 P.M.
Professor Julie Harding
Workshop 3: Business Plan
Feb. 21, 2019: 4:30-6:30 P.M.
Professor Julie Harding, Proffessor Pam Lankford, Dr. Duong Le
Who can compete?
- Any full-time Marietta College student may compete alone or as a member of a two to three person team.
- The second and third team members do not have to be Marietta College students.
- Each team may submit up to three business ideas.
- Only the student members of a team may make presentations and receive the award money.
- Non-MC members may participate in the Q&A session with judges.
- Marietta College students must have an ownership stake in the proposed businesses.
What types of business ideas qualify for the competition?
- All business ideas must be appropriate for a college-sponsored competition. Marietta College may disqualify any entry that is inappropriate, in its judgment.
- In order to compete, you must be in the start-up phase of your business which means that you either intend to launch the proposed business in the future or have a business that is less than one year old with revenue of less than $10,000.
- Solutions must result in the establishment of a for-profit or non-profit business in the Mid-Ohio Valley.
- Proposals to buy franchises or distribution centers of existing companies are not accepted.
- The proposed business ideas will be evaluated, in part, based on the degree to which they contribute toward the standard of living (by generating income and jobs, for example) and/or the quality of life (by improving the environment, for example) in the Mid-Ohio Valley.
Do team members have to participate in workshops in order to qualify for the PioBiz Competition?
- No, but participating in PioBiz Workshops increases your chances of winning an award by
- assisting you to identify marketable business ideas,
- introducing you to the mindset and behavior of successful entrepreneurs,
- briefing you on a variety of methods to test the validity of your proposed goods or services,
- informing you about resources that the Entrepreneurship Program makes available to you,
- providing you with the opportunity to meet your potential business partners,
- outlining dos and don’ts of research with human subjects,
- walking you through the components of the required business plan
What is the Problem-Solution round of the competition?
In this round of competition, all you have to do is to clearly identify and describe a problem and offer a solution.
What is the Proof of Concept round of the competition?
This round of competition consists of testing the validity, practicality, or marketability of the proposed solution by building a prototype and/or gauging potential customers’ and other stakeholders’ interest.
What should we include in our Business Plans?
A business plan template will be made available to teams online and will be described in the Business Plan Workshop scheduled in early spring.
Do we have to participate and win in the previous round of the competition in order to compete in the subsequent round?
No. However, all else equal, the experience that you gain and the feedback that you receive from participating in the previous round of the competition definitely increases your chances of winning in the subsequent round of the competition.
The PioBiz Competition was made possible because of a generous grant received from the Arthur Vining Davis Foundations