The InnoVention prototyping competition challenges NYU students to validate, prototype and pitch commercially viable ideas for real world problems. The goal is to build a robust culture of competition at the School of Engineering that drives innovation through ideation and entrepreneurship and ultimately encourages students to take part in the NYU Entrepreneur’s Challenge and NYU Summer LaunchPad.

Important Dates:

Demo Day

Date: Thursday, April 28, 2016
Time: 6:30pm
Location: Twitter HQ, 249 W 17th Street
Purpose: The semester-long competition at NYU is closing off with DemoDay. After weeks of hard work and preparations, it all comes down to a final pitch. Judges decide winners as an overall top three winners. All teams are eligible for prizes but only the top teams are guaranteed a prize. Top teams are also given the highest recommendation for the Summer Launchpad Program. 

 

You MUST RSVP at this link:

RSVP HERE

Competition Format

SparkStart

Winners of the SparkStart stage will receive a cash prize of $500 to support their Prototyping efforts. Teams are accountable for the spending of the award and it is encouraged that the funds should go to building a working prototype. Additional funds will be made available by request of the team with the approval of both their faculty mentor and the InnoVention Project Manager as a reimbursed check.

ProtoTest

Winners receive and additional $500 stipend for prototyping efforts when they are chosen to advance into the Demo Day Stage. Teams are eligible for additional funds on activities and purchases approved by their faculty mentor and the InnoVention Project Manager.

Demo Day

A prize pool the six teams that present. Judges decide winners in each category for hardware and software as well as the top three overall. Top teams are also be seeded into final interviews for the NYU Summer LaunchPad.

Judging

Submissions are evaluated by a jury of influential investors and business executives based on their potential impact, feasibility, and patentability. But this is not a business plan competition, it is a space for innovative thinkers to get hands-on experience developing ideas, prototyping products, and pitching investement opportunities to seasoned professionals.

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