The Innovation Hub has launched its newest program with the help of the Texas Tech Alumni Association (TTAA). The next BIG IDEA meets American Idol. Entrepreneurs from the community, students and faculty may participate in the program. The next BIG IDEA can come from anywhere, create a 60 second video and load it onto the Idea Competition website to be queued for a vote on a 1-5 scale. Entrepreneurs will want all their friends to vote for their ideas, to win a cash prize of $2000 for the best idea.
Voting takes place November 1st-30th, 2017
1st place $2000
2nd place $1000
3rd place $500
Sample Pitches and Resources to Get Started…
How to Give the Perfect Elevator Pitch-Bplan Explains Everything
Watch Last Year's Winners
Community: identified as students, faculty, staff of TTUS, friends, family, and those with a valid email address.
Entrant: identified as students, faculty, staff of TTUS, aspiring entrepreneurs in the community.
Eligibility: Entries must complete a profile, be 60-seconds or less, and submit prior to the competition deadline midnight November 16, 2017. Entries are viewed for “appropriateness” in accordance with TTU policies. Elevator pitch submissions become eligible for public scoring after a first round screening by TTU staff. Entrants will receive a notification once the elevator pitch is public and the video is ready for voting. TTU Hub staff reserve the right to determine who is an eligible entrant and if a elevator pitch video is appropriate for public viewing.
Scoring: Elevator pitches are scored by the “community” and each elevator pitch video is open to one vote per email address. There will be a "like" button below the video.
Announcement: If the entrant is selected as the Red Raider IDEA Competition winner, the winner agrees that TTU may publicize the name, likeness and the description of winning participant. Apart from the prizes associated with being selected as a winner, TTU shall not be obligated to compensate participants in any way for such publicity.
Hold Harmless: Each entrant shall indemnify, defend and hold TTU (and its Regents, officers, the hub mentors, employees and agents) harmless from any third party claims arising from or related to that entrant's participation in the competition, including but not limited to claims relating to intellectual property infringement. In no event shall TTU (or its Regents, officers, the hub mentors, employees or agents) be liable to an entrant for acts or omissions arising out of or related to the hub or that entrant's participation in the Contest.
Notification: The winning entries will be announced on the Hub website and in a public announcement, date to be determined.