The College of Business

How to Compete/Rules

Be sure to read and understand each step on this page.
Knowledge of all competition details is essential to your success and eligibility. If you have questions or concerns, please ask on the or use the contact form.

Overview

  1. Be a registered TN Tech student
  2. Register yourself
  3. Form or join a team with an innovative business idea
  4. Validate your idea and write a business model/plan
  5. Compete on Saturday, April 6th by pitching your idea for a chance to win thousands

Step 1 - Be a registered TN Tech Student

You must be currently enrolled as a Tennessee Tech University student to compete. Participation is open to all majors, disciplines, and colleges, as well as undergraduate and graduate students. Tennessee Tech faculty, staff, administration, and the general public are not eligible to compete; however, they may serve as mentors. If you are interested in becoming a mentor, please contact us here.


Step 2 - Register Yourself

Registering is simply required to let us know that you are interested in competing. You do not need to have a team formed or a business idea to register. You will register your team in the Spring semester. More info here once it becomes available.

REGISTER NOW


Step 3 - Form or Join a Team

  1. Brainstorm innovative business ideas which could produce a viable business venture.
    >Don't have an idea, but still want to compete? No problem. We encourage you to network with other students to find a team which can utilize your expertise.
  2. Form or join a team.
  3. Review the IP policy with your team
  4. Contestants should seek to form interdisciplinary teams. This refers to students from different majors and colleges working together. Interdisciplinary teams are not required, but provide contestants opportunities to utilize collective strengths, meet new people, and learn from diverse backgrounds. Here are a couple examples of interdisciplinary teams (these are only random scenarios, you are encouraged to think creatively and critically about your unique needs when forming a team):
    1. A nursing student has an innovative idea for an over-the-counter medical device. He/she seeks out an engineering student who can design a prototype, a business student who can produce financial statements, and a webdesign student who can create a web and social media plan.
    2. An engineering student has an idea for a filtration system that provides clean water to impoverished people in international locations. He/she seeks out an earth sciences student who can assist with environmental concerns and biological testing, an education student to create an easy way to teach end users how to use the system, and an international business and cultures major to prepare business practices for global transactions.

Step 4 - Validate Your Idea and Create a Business Model/Plan

  1. We will provide more detailed information about validation and business models/plans and a judging rubric once the registration phase has ended.
  2. It is important to begin initial work on your idea and plan as early as possible.
  3. TN Tech will offer numerous events including informational meetings, networking opportunities, workshops, classes and more. 
  4. The idea must originate from Tech students.
  5. The idea or company must be majority owned by Tech students (at least 51% of the idea or company must be owned by current Tech students). Contact us if you need clarification about this requirement.

Step 5 - Compete

  • This is the rubric which will be used by the judges. Make sure to read and understand each category
  • The main competition will take place SaturdayApril 6, 2019 times and location TBA
  • Contestants will participate in a trade-show in the Tech Pride Room before the competition to demonstrate their business ideas to the public
  • See the FAQ page for frequently asked questions