UM's 1,000 Pitches Contest Kicks Off
A sunscreen applicator for your back. An education funding system more equitable than property taxes. A pillow alarm clock that's harder to sleep through than the one on your nightstand. These were some of the first submissions to the third annual 1,000 Pitches idea contest, organized by students and designed to fuel entrepreneurship at the university.
"What we really want to do in this competition is to create a cultural movement on campus, where we get everyone to think more entrepreneurially and more innovatively," said 1,000 Pitches project director Prateek Garg, a sophomore majoring in industrial and operations engineering and business.
MPowered Entrepreneurship runs the contest. Since its kickoff on Sept. 24, close to 300 ideas have been submitted either online or at traveling pitch stations the students set up at various points on campus each week.
This year, students compete in 10 categories: best mobile app, consumer product, environment, health, local business, social entrepreneurship, technology, Web 2.0, Mprovements (improvements to campus) and Michigan Matters (ways to better the state's economy). The winner in each category gets $1,000. The contest ends Nov. 19.
Organizers see it as a springboard. Last year, engineering student Md Shahnoor Amin won the environment category for his June Energy proposal to create a portable, low-cost energy source for developing countries that don't have reliable electricity. He took his idea to the university's student business incubator TechArb. After one semester there, he and his cofounder have a prototype solar-powered panel of light-emitting diodes that opens like a book.
At the first pitch station in Mason Hall, education major Bridgit Decarlo stopped to air her education funding reform idea: Divide property tax revenue equally among the states as a way to level the playing field.
"Although this isn't really a business idea, it's something I'm passionate about and it involves the flow and exchange of money, so I thought I'd be a good idea to get it out there for some business person to hear," Decarlo said.
She has taken an important first step, according to Doug Neal, managing director of the College of Engineering's Center for Entrepreneurship.
"1,000 Pitches is more than a business idea competition," Neal said. "It's about generating a culture of entrepreneurship on campus and with business leaders and entrepreneurs in our community. Getting people to share their ideas is the first step in the process. Yes, there is a competition, judging and awards, but along the way, we are connecting people who share an affinity for innovation and creating the impossible."
More at http://1000pitches.com. You can see all the pitches at www.youtube.com/user/1000PitchesUM.
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