Newark Innovation Acceleration Challenge


Eligibility:

The contest is open to any current student of a Newark area college or university and any community member who is proposing  to start a business in Newark

Deadline for Submissions:

Thursday, November 7th

Date for Notification of Finalists:

Monday, November 18th

Presentations by Finalists:

Monday, December 2nd


Awards

The following sponsors for the program, Capital One and Sterling Medical, provide Innovation Acceleration Fellowships to winners ($3000 each) for summer support to allow students to work on continuing development of their business ideas. Full-time participation over the summer is required.


Initial submission must be four paragraphs (not more than two pages) answering the following questions:

  1. What is the problem that this company proposes to solve? (Need)
  2. How does the company plan to solve the problem? (Application)
  3. How does the company plan to make money from this application? (Value Proposition)
  4. What is the competition and what is the competence of the management team? (Competition)


Initial submission must be made by email to:

ehrlich@njit.edu


Finalists will be given time for a ten-minute pitch with PowerPoint slides followed by Q&A. Finals will be held at the NJIT Campus Center, University Ave., Newark, NJ in the Atrium on Monday, December 2nd from 1:00 to 5 P.M.

Capital One Greater Newark Enterprises Corp. Sterling Medical