As I'm sure you are aware, Stevens is an extremely innovative and entrepreneurial school. Stevens curriculum fosters students to become aware of these topics and sets the students up for success in the real-world. As a result, the Office of Academic Entrepreneurship sponsors a competition for senior students every year. Every Senior Design team is invited to participate in this competition if their project has the potential to turn into a business.
My senior design project, BicycleMapper, has the potential to be a very successful business, so we submitted an Executive Summary in hopes of getting selected for this competition. Luckily for us, we were picked to participate! This past Wednesday we had a preliminary competition where we gave an Elevator Pitch to a panel of experts (2 minute maximum) to tell them why our idea will be successful, why they should invest in it, and why it will make them money. I am my group's speaking representative for this competition, so I was the one trying to persuade the panel. This preliminary competition / feedback session was extremely helpful for my group and we got meaningful feedback which we will incorporate into our final elevator pitch during the competition on April 29th.
By the way, did I mention that there are prizes given to the top 3 teams in the competition! More information about the competition and the Office of Academic Entrepeneurship can be found at http://www.stevens.edu/entrepreneurship/research-day/elevator_pitch.html
Just to give you a little information about my senior design project (I can't divulge all of the information), my group has developed a low-cost bicycle sharing system unlike anything currently on the market by retrofitting existing bikes and bike racks with our custom lock.