LPC Shark Tank 2014
LPC Shark Tank Purpose
The Business & Marketing Department is excited to present the College’s second Entrepreneurship Competition in the style of the popular ABC television show, Shark Tank. The competition is designed to spark interest in entrepreneurship, foster innovation, and give students the opportunity to develop the mindset and skills of successful entrepreneurs. The competition will take place Tuesday, May 6 in the Little Theater, room 801
- All team members must be currently enrolled at Las Positas Livermore Campus
- Teams can be formed from one or more of your classes with help from the instructor
- Ideas and/or products presented should be the original work of the team members
- Plans presented must be innovative, not currently available, salable in the market place, original and unique product and that promotes the common good of society
- A written plan must be submitted to the LPC Shark Tank committee by April 29, 2014 and consist of the following sections:
- What does your idea (product or service) do?
- What problem does your idea solve?
- Why does the idea need an investor?
- What skills are needed to be successful?
- What would you do with a $100,000 investment in your company?
- When does your product/service breakeven?
- Why do you think you will be successful?
There are two prize categories: The "Panel of Judges" will award the “Most Innovative Product or Service” and “The Most Likely to Succeed Product or Service”
- $250 cash award to be divided among the winning team
- A team trophy
- One month's time at an incubation center in the Livermore area
Prizes will be awarded May 8, 2014
The presentation can follow the outline for the written document. Students are encouraged to do whatever you need during the presentation t to explain the idea. This includes sides, posters, videos, testimonies, etc. Each team will have 12 minutes for the presentation. A 3 minute period for the judges' will follow at the close of the presentation. Presenters are expected to dress for success!
The Judges will be looking for:
- Originality and creativity
- Entrepreneurial effort taken
- Presentation skills and enthusiasm
- Comprehensiveness of the team’s research of the idea
- Practicality of the idea and the probability of success
If help is needed in identifying a product plan, how to put together the written plan, or how to make a great presentation, please contact Tom Blinn at email@example.com