Take Your Innovation to the Next Level with AI2SD Innovation and Invention Challenge 2020 Competition
Don’t miss this opportunity to participate in an exciting, university-led invention competition this year , we bring together the nation’s most promising academics to showcase, recognize and reward their cutting-edge research and discoveries.
Submission deadline : 25/10/2020
The sumission for the AI2SD Innovation and Invention Challenge 2020 Competition is open now by email. Please check back in early-spring for information on the 2020 competition.
The AI2SD Innovation and Invention Challenge is an international competition that can take your innovation or invention to the next level through networking, marketing exposure, mentorship and more! Since 2020, with the help of our sponsors, we will awarded prizes to students nationwide.
Day 1
You’ll arrive at the competition and prepare for your judging session.
Day 2
Our panel of experts will judge your invention. Then, you’ll present your innovation to the public during the Expo, followed by the Awards Dinner — where we will announce the 2020 Winners!.
Day 3
You'll head home knowing that you’ve had the opportunity to network with the country’s most innovative students, received mentorship from our Inductees and gained national exposure for your invention.
GUIDE FOR PARTICIPATION : Three Stages of Competition
The Idea - Round One
Individuals or teams will complete the online application and a three-page description of their creative idea or opportunity. The pdf file should be labeled as Your Name (or Team Name) - Division - Round 1.pdf and attached in the application form.
Proposals longer than three pages will not be accepted. The description of your idea should include the following:
General description of the good or service
Apparent need for the product
The potential value gained by all potential customers and/or society
Uniqueness and features of the product or service
The projected addressable market size
Plausibility of the financial case
Judges in each division will evaluate all submissions and select semi finalists that qualify for advancement. Only semi finalists will be allowed to participate in the business model round. Judges’ decisions are final.
The Business Model - Round Two
Semi finalists will formalize their creative ideas using a business model canvas. The submission must include a cover page, one page executive summary (one page), the business model canvas (one page), and up to five pages of additional materials explaining the different areas of the business model canvas (see below) or other related supporting information. The pdf file should be labeled as Your Name (or Team Name) - Division - Round 2.pdf and be sent to the AI2SD'2020 committee. The business model canvas should address the following areas:
Customer Segments
Value Proposition(s)
Communication, Distribution, and Sales Channels v Customer Relationships
Revenue Streams
Key Resources
Key Partnerships
Cost Structure
Judges in each division evaluate all submissions and select finalists that are worthy for advancement. Only finalists will be allowed to participate in the presentation round. Judges’ decisions are final.
The Presentation - Round Three
During the main event finalists in the three divisions will make a two-minute presentation to a panel of judges. This will be followed by a three-minute question and answer period. The presentation should be a synopsis of the enterprise with the goal to persuade the panel to invest time, energy, or resources toward the contestant’s idea. In other words, the presentation should clearly demonstrate why your idea provides value to its potential customers and/or society, could become a viable business and should be the winner of the division.
All awards will be based upon the presentation and all previously submitted materials. The official announcement of the winners will take place at the end of the evening’s program. A reception will be held after all winners have been
Judging Criteria :
The Idea of Evaluation Criteria
General description of the good or service
The apparent need for the product
The potential value gained by the potential customers and/or society
Uniqueness and features of the product
The projected addressable market size
Plausibility of the financial case
Business Model Evaluation Criteria :
Detailed description of the good or service
Clarified need for the product
The quantifiable value gained by all stakeholders
The competitive advantage that can be gained by the enterprise
The total addressable market size and evident market opportunity
Ability to protect one’s intellectual property
Realism of the financial case including profit potential and funding
Requirements Viability of the management team
Presentation Evaluation Criteria :
Quality and persuasiveness of the oral presentation
Level of professionalism
Quality of responses during the questions and answer portion of the presentation
