Contest Rules

*** THE NEW REGISTRATION DEADLINE IS APRIL 6, 2018. ***

This page contains the rules, format, and judging criteria of the Crab Pot Pitch Contest.

Rules

There are few rules.

All registrations must be received by April 6, 2018. (corrected)

Contestants must compete in the Speed Round to be eligible to compete in the finals.

Speed Round presentations (single slide) must be received by April 6, 2018.

Final presentations must be received by May 4, 2018

All presentations must be PowerPoint 2010 compatible.

All contestants must be physically present at the events to pitch and to win.

Contestants have 90 seconds to present one slide during the Speed Round (April 13).

The audience will select the finalists from the Speed Round presentations.

Finalists have 5 minutes to present their primary presentations during the Final Round (May 11).

Upon completion of the primary presentation, finalists have 3 minutes to answer questions from the judges.

The Crab Pot organizers reserve the right to eliminate any applicant from the competition based on submissions that are deemed improper in any way.

Contest Format

Contestants register to compete here. Contestants will promptly be notified of the acceptance of their registration.

The contest is divided into two parts. The first part is the Speed Round in April. During the Speed Round, contestants will deliver Speed Round pitches to the audience. There will be no judges for the Speed Round. Contestants will have 90 seconds to present a single slide. The moderator will stop each contestant at 90 seconds.

At the conclusion of the Speed Round, the audience will vote. The five contestants with the most votes will go on to compete in the Finals.

In May, the 5 finalists will each have 5 minutes to present their pitches to a panel of judges at the Crab Pot Finals. At the conclusion of each pitch, contestants may respond to questions posed by the judges for no more than 3 minutes.

At the conclusion of the evening, the winners will be announced.

Judging Criteria

The judges evaluate pitches using criteria in four categories.

Viability of Business Concept (How mature is the plan?)

  1. Has the market been validated?
  2. Is the technology feasible?
  3. Does the basic financial model work?
  4. Do the value propositions discriminate the model from the competition?

Degree of Innovation(How novel is the idea?)

  1. How “revolutionary” is the underlying technology?
  2. How “revolutionary” is the underlying business concept?
  3. How mature is the technology?
  4. To what extent does this solve a real problem?

Quality of the Pitch (How well is the plan presented?)

  1. Is the idea presented clearly?
  2. Are the value propositions presented clearly?
  3. Does the presentation address the judging criteria?
  4. Is there an “ask”?

Potential for regional business growth (How does the business affect the local economy?)

  1. Does successful implementation create jobs in the region?
  2. What kinds of jobs will be created?
  3. Will the business be located in the region?
  4. Does this create other opportunities for local economic growth?