What’s the Big Idea?
The Center for Business & Economics Big Idea Competition is a funding request presentation contest open to all Allegheny students. Student teams present concepts in one of four areas: For-profit Business, Not-for-profit Social Venture, Research Project, or Community Engagement Initiative. The 10th Annual CBE Big Idea Competition was held on April 28-29, 2017, awarding a whopping total of $10,000 in prizes and trophies.
“The Big Idea Competition was a challenging yet very rewarding experience. It presented me with a unique opportunity to put together a holistic business plan that I would not have had in any other situation. Having an idea is one thing but putting together a business plan is very complex – I learned so much!” commented Liana Leja ’17, Zingale Prize winner. She added, “The competition was also fierce and the highly, experienced panel of judges were tough. Regarding the judges, with their critiques and feedback in the preliminary round, I actually ended up pulling an all-nighter to reformulate my presentation for the finals. Overall, I am very happy the hard work paid off, and I am excited to see what the future holds for the Big Idea Competition!”
The 2017 competition featured 27 teams from Allegheny College and Grove City College. The contest emulates the experiences seen on the popular CNBC broadcast, “Shark Tank.”
10th Annual Big Idea Winners
- The Zingale Prize (first place) $5,000 — Liana Leja, Allegheny College, The Care Van
- Second place $2,500 — Megan Smith, Grove City College, Scribble Scrubs
- Third place $1,500 — Hannah Vaccar and Ross Harrington, Grove City College, PeeWee Packs
- Honorable mention — Greg Bras, Allegheny College, Additive Manufacturing Acutec Precision Aerospace
InfoDid you miss out this year? Save these dates, April 26-28, 2018, bookmark this page and return in the fall semester for final details. See below for event description and application process:
Think You Might Have a Big Idea for 2018?
Our next competition is April 26-28
Successful presentations in past competitions have been about a mobile organic food market, a new music sharing app, an aquaponics research project, and an employment initiative for adults in the autism spectrum. Keep in mind that you need to develop a project that falls into one of four categories: For-profit Business, Not-for-profit Social Venture, Research Project, or Community Engagement Initiative
What Do You Need
Entering is easy. To register, email Sarah Holt at email@example.com, Quigley Hall Coordinator or Prof. Chris Allison at firstname.lastname@example.org, Economics Department Entrepreneur in Residence. They’ll provide additional information.
Working with your team, you’ll develop a presentation using the 10-20-30 Rule; that is, you’ll prepare 10 PowerPoint slides for a pitch that is 20 minutes long, using text no smaller than 30-point type on each slide.
How Can You Prepare?
You can re-purpose your Junior Seminar or Senior Comprehensive Project, or take Econ 380 – Economics of Entrepreneurship II, which meets at 1:30 p.m. Tuesdays and Thursdays during Spring semester. Class members will work on their Big Idea presentations for the full semester. Pre-requisites are waived for this class. Email Professor Allison if you are interested in adding Econ 380.
Participation in the competition will look great on your resume. And there’s the matter of money. The First Prize Team receives $5,000, Second Prize is $2,500, Third Prize is $1,500 and there is one Honorable Mention award. All who place will also get a trophy.