$1,000 in three minutes. That’s more than double what “the Donald” makes.
On April 18, the Entrepreneurship Lab will host the Ninth Annual Pace Pitch Contest from 5:00 p.m. to 8:00 p.m. in the Multipurpose Room on the NYC Campus.
The Pace Pitch Contest is based on the Elevator Pitch concept, popular in the venture capital community. It is an extremely concise presentation of an entrepreneur’s idea, business model, marketing strategy, competitive analysis, and financial plan, which is delivered to potential investors. The premise is that it could be made in a few minutes, should the entrepreneur spot a potential investor on an elevator and have the opportunity to pitch their idea during the brief ride.
Each finalist will have exactly three minutes to pitch their new venture idea to a panel of Pace alumni entrepreneur judges and an enthusiastic audience. Cash prizes will be awarded. $1,000 for first place, $500 for second place, and $250 for third place.
This year, all six finalist teams at the Pace Pitch include Pace students. So who will be competing to win $1,000 to fund their ideas? The finalists are…
B100 Production Facility (economics major Geordi Taylor)
A biodiesel manufacturing facility that provides Jamaican businesses and citizens with a cheaper alternative to petroleum diesel
Nova Software (management major Javier Dutan)
A point of sale systems and software that creates an easier and more efficient check out process for restaurants
Nuque Tie New York (sociology/anthropology major Christian Anthony Velez)
A reversible tie company that will take you from the boardroom to a night on the town in a jiffy
SAI (accounting major Kumesh Aroomoogan)
A software company that analyzes every type of information online relating to a specific publicly owned company and offer tools to help analyze all those information
Trendytres (computer science and mathematics graduate Marcelo Zimmler)
A fashion discovery online platform that recommends matching clothing items, accessories, makeup combinations, and hairstyles based on user’s interests and personal selections
Wrangle Sports (global marketing major Darren Alphonse)
A mobile phone and tablet application that gives sports fanatics the platform to debate about their favorite sports teams using statistics with friends, family, co-workers, and a community of sports fans
For more information on the finalists, click here.
Mark A. Herschberg, CTO, MadisonLogic
Charlie O’Donnell, Partner, Brooklyn Bridge Ventures
Stephen Sokoler, President and CEO, Altrum Honors
Michael Vesey, CFO, Majesco
RSVP for the cheering section to watch the future Mark Zuckerberg’s and Warren Buffett’s of the world present their business plans.