Babson Next Big Idea Competition: What's Your Big Idea?

Winner - VitaFlavor!!!

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First Prize

Michael T. Kasseris
VitaFlavor

Second Prize

Nagesh Kambala
iViewTouch

Third Prize

Niranjan Agarwal
Be a Teacher

The five finalists:

Flip Sasser
Plinq

Michael T. Kasseris
VitaFlavor

Nagesh Kambala
iViewTouch

Niranjan Agarwal
Be a Teacher

Ramon Salinas
Brain Bites

“The successful man is the one who had the chance and took it.”

-Roger Babson
 

Babson defines entrepreneurship as a way of thinking and acting “opportunity obsessed.” The Babson Next Big Idea Competition showcases the nation’s best idea-seeking, opportunity-obsessed entrepreneurs—and transforms those ideas into reality. We invite you to take the challenge and be a part of this opportunity of a lifetime!

Submission deadline is over!!

Check out the submitted videos.

PHASE ONE

Entrants must submit their idea by creating a two-minute video through YouTube between October 19 - November 7, 2010. Teams may consist of more than one member, and each team can submit only one idea. We shall confirm the timestamp for the video to ensure that video was uploaded after October 19, 2010. The competition is limited to legal residents of the United States (this includes all international and domestic students) who are at least 18 years old, and who are not affiliated with the Babson Forum on Entrepreneurship & Innovation as Co-Chairs or judges. At least one member of the submitting team must be a current student at a university. A confirmation email will be sent to the submitting team indicating that the video has been uploaded successfully.


The Opportunity Assessment Framework will guide teams to compile the most thorough and complete submissions. The video entries can describe an early-stage idea that has not garnered significant funding. You can utilize social media channels to promote your idea to family and friends. Initial judging is determined by the number of YouTube likes (50% weighting) and Judges ratings (50% weighting).


Opportunity Assessment Framework questions should be addressed—though not necessarily in order. Opportunities might include—but are not limited to—the Next Big Idea (an industry, a technology, a region, etc), a startup, an internationalization project, an acquisition, a merger, a vision, etc. Surprise us with your ideas!


In addition, each entrant must complete an entry form.


P
HASE TWO

5 Finalists will be chosen. Each Finalist will need to attend the Babson Forum on Entrepreneurship & Innovation, Babson’s premier annual student-run event, on November 13, 2010. At the event each team will present their idea in front of a panel of judges. Additionally, forum guests may also vote online or via text from 9am – 5pm on event day.


Final voting will have the following weighting: 50% crowd and 50% judges.



The winning video pitch will be rewarded with $2,500 towards getting the business idea off the ground. The winners will be notified during the networking reception session from 5:30pm-7:30pm, following the last keynote speaker.


Key Dates

  • October 19: The submission can begin from 7am EST
  • November 7:  The deadline for video submissions is 5pm EST.
  • November 10: The number of YouTube views will be counted at 5pm EST.
  • November 10:  All finalists will be notified and given instructions on the final phase of the idea competition.
  • November 13: Babson “Next Big Idea” Competition


Prizes

First Place: $2,500

Second and Third Place: The top three finalists will receive the below books and apps as prizes (valued at $900)

All Finalists: All finalists will receive a copy of the book “Mastering the VC Game” by Jeffrey Bussgang.

Mastering_the_VC_Game    


Books and Apps for First, Second and Third place winners: 

Entrepreneurs_guide_to_customer_devinbound_marketingdo_more_faster 

chargifyHacker_monthly 

AskYourTargetMarketpeacesign

 

Competition Sponsor

flybridge