2017 CAIRNS FOUNDATION INNOVATION CHALLENGE
April 5, 2017
1st Prize: $10,000 plus one year resident enrollment at UCF Volusia County Business Incubator
2nd Prize: $5,000 plus 1 year pre-enrollment support at UCF Volusia County Business Incubator
Sponsored jointly by the Cairns Foundation, the Daytona Beach UCF Business Incubator, and Volusia County
Applications for participation in the Cairns Foundation Innovation Challenge must be received by the Foundation no later than March 6, 2017. Please note the included section entitled APPLICATION REQUIREMENTS.
Submission by email is preferred (firstname.lastname@example.org). Following review by a panel of judges, six or fewer applicants will be invited to make formal oral presentations at the event. Notification of applications accepted for presentation will be sent by email no less than three weeks prior to the event. To ensure quality, all presentations must be presented in a private preparation session before a representative of the Small Business Development Center in Volusia County no less than one week prior to the Innovation Challenge.
The Innovation Challenge will be held on the afternoon of April 5th at The Advanced Technology Center (ATC) Facility, 1770 Technology Boulevard, Daytona Beach, Florida.
Thirty minutes will be allotted for each presentation (20 minutes for the presentation, 5 minutes for questions and 5 minutes for transition to the next presentation). There will be a 30 minute coffee break midway through the presentations.
The Innovation Challenge prizewinners will be announced immediately after the final presentation. All speakers will receive constructive feedback.
A panel of judges will carefully evaluate every submitted application based on the following criteria:
All projects proposed for presentation must be commercializable, and the presenting team members must have the intention and demonstrate their authority to commercialize them. Applications must contain all of the information described herein, and be completed according to the following format.
An executive summary describing the venture, industry represented, target market, and value proposition shall be presented with sequentially numbered pages, and shall not exceed 1,000 words, not including supporting exhibits, graphs, and/or charts. Suggested sections for the Executive Summary are:
Intellectual Property (IP) Status
A full disclosure of the intellectual property status is required, including:
NOTE: Presentation at the Challenge constitutes public disclosure of the subject material.
Team & Advisors:
Note: A poorly written application is likely to be completely disqualified or severely discounted. Take the time to carefully edit it; have your faculty advisors approve it; spell-check it; lay it out with clear, appropriate figures. Do not submit an application without all of the requested material.
Please check the Cairns Foundation website (www.cairnsfoundation.org) from time to time for additional up-to-date information
* The documentation to substantiate IP ownership and permission to present must be a signed letter(s) from anyone who has the power to legally commit the university to a course of action.