Pitch Dingman Competition
The Pitch Dingman Competition is the University of Maryland’s only business competition exclusively for Terps. Held annually, students can compete for more than $30,000 in start-up funding. The competition consists of a fall Semifinals and a winter Finals competition. Top student entrepreneurs deliver pitches to judges who are experts in entrepreneurship, angel investing and venture capital.
The 2016 Winners
uBoard, Natalie Urban
WeCook, Ryan Pillai
Tuesday, February 16 from 6 to 7:30 p.m.
Stamp Student Union, Colony Ballroom
The 2016 Finalists
Grand Prize: $15,000
Second Place Prize: $5,000
Judges Choice Prizes: up to $5,000
Audience Choice: $500 at Semifinal Competition and $500 at Final Competition
Other sponsored Prizes: various amounts
**All teams selected as Semifinalists are guaranteed $250 and all teams selected Finalists are guaranteed $500
All applicants must be a current student at the University of Maryland. Applicants will be evaluated on the uniqueness of their ideas, the current traction and scalability of their business, and the viability of their business as measured by the steps that they have taken to mitigate risks. For the Semifinal and Final rounds, judges will also take into consideration the contestants' progress toward their goals and steps taken to grow their business since time of application. Click here to start your application to the Pitch Dingman Competition.
Completing Your Application
You must complete an application for your team to be considered for the Pitch Dingman Competition. The application consists of a series of questions about you and your business as well as a pitch deck. If selected for the Pitch Dingman Competition, your pitch should be a two-minute presentation providing a brief overview of your business idea. It is meant to help you—as an entrepreneur—to practice and hone your ability to verbalize and sell the idea to early stage investors such as friends and family, angel investors and venture capital firms. The key is to share your passion and enthusiasm for your idea. Your pitch deck should be short (no more than 5-7 slides) and to the point. Some topics to consider including in your pitch deck are:
- What problem are you trying to solve?
- How big is your problem? Talk about addressable market size.
- What is your solution to the problem? What is the value proposition for the customer?
- Who are your competitors and why is your solution better?
- How will you make money? What are your revenue stream(s)? Marketing and distribution strategy?
- Management team—who? What backgrounds and experiences do they bring?
- Current traction–do you have existing revenue? Plan moving forward—how will you use the prize money to grow your business and what are your targets for the next six months?
Keep in mind that every business is unique and so should be your presentation. Please practice your presentation several times.