Pitch Up Competition: a business competition for University of Salford students and graduates, in collaboration with Tech Angels
Pitch Up is a business competition for University of Salford students and graduates, in collaboration with Tech Angels, a start-up accelerator and angel investment organisation based in Greater Manchester. Tech Angels are part of the award-winning Web Applications UKgroup of companies.
The winners of the competition will be offered investment in their tech start-up idea. Tech Angels are looking for a proposal that demonstrates a viable IT business with a low cost of entry, evidence of sound market research, and – crucially – an innovative idea that has the potential to make history. The character of the founders/co-founders is also an integral part of the final decision, as Tech Angels will be investing in the individual(s) and their passion for their business idea. Character will be demonstrated in the final pitch, and will be developed in a pitching workshop. The six most impressive start-ups will be invited to pitch live to the Tech Angels board at the Creative Entrepreneur 2017 event at MediaCityUK, competing for prizes of £1,000 for 1st place, £300 for 2nd place, and £200 for 3rd place.
All students and alumni of the University of Salford are eligible to participate, but final year students and graduates are particularly encouraged to apply. Individuals or teams of up to four can enter the contest. The competition is open to students and graduates from all subject areas, so you do not need to be an expert in digital technologies. However, a sound understanding of the technologies needed to get your idea off the ground is required.
Tech Angels share an ethos to have a positive impact through a culture of learning, growth and innovation. This includes the tech industry and the wider community of Greater Manchester. Entrants are not just participating for a cash prize; they are pitching for the opportunity to gain seed funding and the room to grow their business idea. As such, entrants should be encouraged to see their business as the ‘real thing’, not just a theoretical proposal for a cash prize. For this reason, final year students and alumni are particularly desirable contestants. A good indication of the Tech Angels philosophy can be found in the guest post written by Chief Executive, Craig Dean, for the University of Salford Business School blog.
The winners of the 2014 competition, Vinejuice, received seed funding and office space for their business. They are now the leading Christian media company in the North West, and have grown an audience into the tens of thousands.
Using the entry form provided by the University of Salford, proposals must be submitted by the 13th November 2017 deadline. Entrants can also take advantage of an optional first draft submission for direct, one-to-one feedback from the Web Applications UK Chief Executive, if returned before 19th October 2017.
The six shortlisted finalists will have a five-minute slot to pitch their idea. They will then answer questions posed to them by the Tech Angels board, university staff and other industry experts. For more information on the Creative Entrepreneur event, visit www.creativeent.co.uk.
Entrants retain the sole intellectual property rights to their ideas throughout the competition. To enter, participants must:
- Be a University of Salford student (preferably graduating in 2018) or graduate, or a team of students/graduates.
- Have an innovative business idea based in the digital/creative sector.
- Fill in a short expression of interest form outlining their business idea by 19th October 2017 to receive initial feedback.
- Submit a final application by 13th November 2017.
- Be available to pitch their idea to a panel of experts on 29th November 2017.