This year’s competition started with over 70 registered teams. Qualified entrants participated in a student-run venture review session, which allowed teams to receive feedback on their plans. The semifinal round, conducted virtually, included 27 teams submitting a business plan, a 10-minute recorded presentation with pitch deck and a short statement explaining how the coronavirus will affect their venture. We are grateful to the entrepreneurs, alumni, professional investors and advisors who served on the judging panel to evaluate and provide solid feedback for each team’s efforts.
On May 19, a new set of judges participated via Zoom for the final round. In advance of the event, the judges reviewed the teams’ business plans and presentations, and considered the entire business concept, looking at overall feasibility, viability, attractiveness to investors and possibilities for growth. The teams prepared for a live two-minute pitch followed by a Q&A session with the judges. The judges determined award prizes in a closed deliberation following the event, and the winners were announced that same evening.
In addition, students and alumni had the chance to vote for the $1,000 People's Choice Award.