De La Vega Innovation Pitch Competition and Incubator Program

Do you have an innovative business, nonprofit or project idea? Register for our spring Incubator Program and Pitch Competition. Through the Incubator Program workshops, you will learn about the market research resources on campus, how to identify if your idea is feasible, how to use AI to create a business model, and how to pitch. In the process, you will meet like-minded changemakers on campus, and get valuable feedback from mentors, judges and potential investors. Following the Incubator Program, teams will submit a video-recorded pitch to a panel of internal judges who will determine the top 15 teams to compete as finalists in the in-person De La Vega Innovation Pitch Competition on April 20, 2024.

The top 15 finalists will compete for the chance to win seed funding and prizes.

Questions? Email Becca Husar, associate director of Innovation and Partnership Development, at beccahusar@niu.edu.

Eligibility

NIU undergraduate and graduate students from all majors are invited to participate in the Incubator Program, and business, nonprofit, or project ideas from all industries are welcome.

In order to compete in the pitch competition, teams must attend the spring Incubator Program workshops to be equipped with the foundational skills necessary to present a feasible idea and must qualify as a finalist in the pre-screening round of video pitches.

See our “Schedule” section for more information on the Incubator Program.

Teams (one to five members) have three minutes to pitch their new idea to a panel of judges who will be rating it on the strength and feasibility of the idea. Pitch decks (slide shows) will be allowed.

Prizes

First Place

  • $1,000 split evenly between team members
  • De La Vega Innovation Lab swag bag
  • Innovation DuPage six-month membership
  • Invitation to the NIU Friends of Entrepreneurship Mixer
  • Invitation to participate in University Pitch Madness Competition
  • $50 Barsema's Closet voucher, per person
  • Co-working space in 71N + De La Vega Innovation Lab, April through August 2024

Second Place

  • $750 split evenly between team members
  • De La Vega Innovation Lab swag bag
  • Invitation to the NIU Friends of Entrepreneurship Mixer
  • Invitation to participate in University Pitch Madness Competition
  • $25 Barsema's Closet voucher, per person
  • Co-working space in 71N + De La Vega Innovation Lab, April through August 2024

Third Place

  • $500 split evenly between team members
  • De La Vega Innovation Lab swag bag
  • Invitation to the NIU Friends of Entrepreneurship Mixer
  • Invitation to participate in University Pitch Madness Competition
  • $15 Barsema's Closet voucher, per person
  • Co-working space in 71N + De La Vega Innovation Lab, April through August 2024

Schedule

Most workshops and events will be held in the De La Vega Innovation Lab in Barsema Hall.

*Workshop to be held in the College of Engineering and Engineering Technology. Please refer to the event on the NIU calendar for details.

Note: dates and times are subject to change. Accommodations can be made for conflicts.

Date Time Title Description
Feb. 20, 2024 4:30-6: p.m. Who

"Who are you serving?" Learn about market research resources on campus with Wayne Finley. Then, learn to write a value proposition statement.

March 5, 2024 4:30-6: p.m. How "Is Your Idea Feasible?"Learn about financial models with Tim Michaelis, and how to use AI to build a sustainable Business Model Canvas with Becca Husar.
March 19, 2024 *5-6:30 p.m. What

Join us in the College of Engineering and Engineering Technology building to learn about "sprints" within the Agile Methodology framework to refine your product or service, and get a crash course in rapid CAD  prototyping with Iman Salehinia.

April 2, 2024 5-6:30 p.m. Why

Learn how to pitch your innovative idea to a panel of judges and investors from special guest, Lucy Brennan of TechRise by P33.

TBD N/A Mentor Roundtables

Pitch Competition participants will meet with alumni and campus partners in a speed networking-styled event to ask questions, rehearse their pitches and get critical feedback.

April 14, 2024 N/A Video Submissions Due

All video submissions are due by 11:59 p.m. for the pre-screening round to determine the top 15 finalists who will compete.

April 20, 2024 10 a.m.-1:30 p.m. De La Vega Innovation Pitch Competition

2024 De La Vega Innovation Pitch Competition with our top 15 finalists! Open to the public.

Registration

Registration to participate has been extended and is now due by noon, Monday, Feb. 19, 2024. Following the Mentor Roundtables event on April 12, video submissions of your team's pitch must be submitted for our internal judges to select the 15 finalists who will pitch at the April 20, 2024 competition.

Online Register Form

Agreement to Enter the Competition

By clicking "agree" in the registration form, and by participating in the competition in any way, the person agreeing to this agreement, on their own behalf, and also on behalf of all the other team members that:

  • All cash prizes will be awarded in the form of payments payable to each individual you list here in equal amounts. The people listed here will be considered members of the team no matter what, even if they do not do anything or even if they do not show up. Any disputes among team members must be resolved by the individuals involved. If the university or the College of Business receives a claim to anything other than an equal share of any winnings, all payments for that team will be withheld until the dispute is resolved by all team members listed here, in a manner satisfactory to the College of Business. The person registering a team is acting as an agent for the other members of the team and must make all the members of the team aware of this rule.
  • The decisions of the judges of the competition are final, and cannot be contested in any way, including, without limitation, in any court, tribunal, arbitrator or mediator.
  • Neither the university, the College of Business, nor any of their employees, agents, contractors, volunteers or the judges of the competition is responsible for any problems whatsoever with the competition, including, without limitation, preparation, planning, setting up and execution, and each team member agrees not to make any claim concerning anything related to the competition, including, without limitation, action before any court, tribunal, arbitrator or mediator.
  • Each team member registered for this competition agrees to waive and release, and covenants not to sue, make any claim against the university, the College of Business, nor any of their employees, agents, contractors, volunteers or the judges of the competition is responsible for any problems whatsoever with the competition, including, without limitation, preparation, planning, setting up and execution and each team member agrees not to make any claim concerning anything related to the competition, including, without limitation, action before any court, tribunal, arbitrator or mediator.

Competition Information

Visual Aids

Pitch decks, prototypes and physical materials will be permitted at the pitch competition.

Key Questions Your Pitch Should Address

  • What is your technology, product or service? Briefly, describe what you offer and the need it fulfills in the market. What is the problem and what is your solution. How do you eliminate/reduce the "pain."
  • Who is your target market? Briefly, state who you are providing this product or service to. How large is the market? What industry is it in?
  • How do you expect to make money/what is your business model? Describe your revenue and cost structure.
  • Who is your competition? Competition is positive as it confirms/verifies that a market exists. All products and services have competition.
  • What is your competitive advantage? What makes you different/unique? Why do you have an advantage over others? How will your company provide this product or service better than the competition?
  • Who is behind the company? "Bet on the jockey, not the horse." Explain how your experiences give you credibility, your team, your advisory board, etc.

View pictures from 2023 Pitch Competition

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