Meredith’s School of Business offered students a chance to put their business ideas to the test during an Elevator Pitch competition on Monday, February 18. The event was an optional part of the Meredith College (Social) Entrepreneurship Competition.
The idea of an elevator pitch is to be able to promote a business idea in the amount of time it takes to ride an elevator, so the competition was held in the elevator of Johnson Hall. Participants had 42 seconds in which to pitch their business idea to guest judge John Rosar of REVGEN. Afterwards, each participant was able to debrief and get feedback from a business faculty member.
Prizes were given for three different categories. This year’s winners were
Best Pitch: Caitlin Chastain and McKenzie May, Ride or Tye
Best Idea: Kathryn McNeil, Core 4
Judge's Choice: Maddison Loewe, Hott Llama Spit
(Winners shown above with guest judge John Rosar)
Assistant Professor of Entrepreneurship Nathan Woolard coordinated the event. Woolard praised the student participants for the strength of their ideas.
"I have had the pleasure of coordinating this event for six years now, three of which were here at Meredith. Top to bottom this was the strongest set of ideas I've heard,” Woolard said. “While this was not a large event and we hope to see more participation next year, it certainly made up for it in quality.”
The elevator pitch competition, while not a requirement, was a fun way for students to practice their business pitches. Woolard encourages any Meredith student, both graduate and undergraduate, with a business idea to enter the Meredith College (Social) Entrepreneurship Competition. Enter for a chance to win $4,000 for first place, $2,000 for second place, or $1,000 for third place.
“We look forward to these students entering and further developing their concepts in our Meredith (Social) Entrepreneurship Challenge this semester where they'll be mentored by 10 different Meredith alumnae and friends with business ownership experience or expertise.”