The 2nd Annual ACC InVenture PRIZE Competition will be
March 30-31, 2017 at Georgia Tech.
The ACC InVenture Prize Competition is an annual, televised event, rotating among the ACC colleges & universities.
A team of undergraduates from each ACC university will pitch their invention or business before a live audience and a panel of judges, competing for $30,000 in total prizes: 1st Place, $15,000; 2nd Place, $10,000; People's Choice Award, $5,000 - The People's Choice Award is given to the fans' favorite invention, as determined by online and text voting during the televised final round. The winner will be announced live onstage once polling has closed.
Timeline and Process:
- October 3, 2016: DEADLINE TO SUBMIT INTEREST FORM (before midnight). *Interest forms will be reviewed and TOP THREE TEAMS will be selected.
- October 10, 2016: Top THREE TEAMS will pitch their idea to a WFU Faculty Committee.
- One Team will be selected to represent Wake Forest and receive coaching from WFU Faculty Advisors.
- October - March: The selected team will work with WFU Faculty to develop a prototype, business plan and pitch.
- March 30 - 31, 2017: The selected team will represent WFU at the ACC InVenture Prize Competition in Atlanta, Georgia.
The ACC InVenture Prize is a collaborative effort by institutional leadership from the Atlantic Coast Conference (ACC). It represents an opportunity to stimulate undergraduate entrepreneurial activity and increase student-faculty engagement, to celebrate and highlight the exceptional creativity and ingenuity of our students, and to inspire a greater sense of camaraderie across the conference.
Judging Criteria: The judging criteria for the preliminary and the final round at Georgia Tech will consist of four main categories:
- Idea validity, novelty, and potential social impact
- Business model, value proposition, cost structure, key resources, customer discovery and validation (marketability, market size), and product or service development strength
- Future vision, team commitment and culture, team expertise and knowledge, and pitch delivery
- Probability of becoming a successful business, competitive advantage, and probability of receiving investment
Arthur Willson and Hannah Shows represented Wake Forest University in the inaugural ACC InVenture Prize Competition held at Georgia Tech, April 5-6, 2016. Arthur and Hannah pitched their innovative, easy-open wine solution, EZ Cork.
Click here to see the 2016 ACC Inventure Prize Competition, which aired on PBS!