Lightbulb Business Ideas Competition

Wednesday  20 February  2019  5:00 AM    Wednesday  20 February  2019 9:00 AM
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Last update 21/02/2019

Recurring event

Lightbulb Business Ideas Competition
From 06 Feb 2019 to 20 Feb 2019
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The Lightbulb Idea Competition is a business idea and pitch competition open to all students at the University of Aberdeen. It is a workshop with a competitive edge, and will allow contestants to explore entrepreneurship in a fun, innovative and casual environment!
If you ever dreamed of being an entrepreneur, now is your chance! Surrounded by business advisors and like-minded people, come and develop your idea into a viable business proposal and then pitch in front of a panel of judges and win up to £500!
No previous experience is required, only an idea, an open mind and ambition!
Please purchase FREE ticket and register on Eventbrite page to confirm attendance!
Competition format:
Wednesday 6th February 11am – 4pm
Break out Room | 7th Floor | Sir Duncan Rice Library
1. Team will be given a few hours to brainstorm ideas. Business advisors from Skillfluence will be onsite during this time to enable participants to identify and shape ideas into viable business concepts.
2. Skillfluence “Business Bootcamp” structure will be implemented so that contestants recognise and capitalise on entrepreneurial opportunity and learn practical tools and processes they can use to validate and test their ideas.
3. Lastly, students will work using the Lean Canvas Model whilst simultaneously learning from a range of case studies, group discussions and interactive exercises.
4. All teams will be provided with a document outlining what is expected of their pitches in the following week and how to best carry them out.
Wednesday 13th February 12pm – 5pm
Break out Room | 7th Floor | Sir Duncan Rice Library
1. The ‘pitch – off” will see all teams present a 2-minute pitch before a panel of judges comprising of specialists and business advisors from Santander UK, Converge, Elevator UK and our own ABVenture Zone.
2. 5 teams will advance to the finals!
Wednesday 20th February 12pm – 5pm
Break out Room | 7th Floor | Sir Duncan Rice Library
1. Teams will have time at the beginning of the session to practice their pitches with advisors from Skillfluence and make some final adjustments.
2. Finalists will present 5-minute pitches and 3 winners will be announced!
Competition details:
• Total cash pool prize of £850, 1st place £500, 2nd place £250 and 3rd place £100
• Free food and drinks
• Each contestant receives a certificate of participation which enhances your employability. By participating, you gain and cultivate skills in, business awareness, innovation, public-speaking, entrepreneurship and team-work!
• The competition is purely educational. The purpose is to get you thinking about entrepreneurship in a fun and casual setting!
• More specials will be announced in the coming weeks!
See you soon!
ABVenture Zone team x

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