The Next Bright Idea is an annual elevator pitch competition for young aspiring entrepreneurs. It aims to generate breakthrough business ideas that will be presented to a live audience and panel of judges within 3 minutes.
An elevator pitch is a brief, concise speech that outlines an idea for a new product or service to a potential investor. The name comes from the notion that the idea needs to be presented in the duration of an elevator ride. The goal is to convince a venture capitalist that your business idea is worth investing in.
This year, the theme of The Next Bright Idea is “Sustainability: Ideas That Make a Difference.” Sustainability is defined as meeting the needs of the present without compromising the ability of the future generations to meet their own needs. Participants are required to develop and present business concepts that are sustainable. These must be new products or services that answer the consumers’ needs while protecting public health and environment, from production until final disposal.
- Grand Champion
The grand champion will receive PhP 50,000 and a trophy.
- First Runner Up
The first runner up will receive PhP 15,000.
- Second Runner Up
The Second Runner up will receive PhP 10,000.
- People’s Choice Award
The winner of the People’s Choice Award will receive PhP 10,000.
IMPORTANT DATES TO REMEMBER:
|Deadline of Submission of Registration Form||30 October 2015|
|Dates of Master Classes||3 October 2015,
10 October 2015,
7 November 2015,
14 November 2015
|Deadline of Submission of Project Description||15 December 2015|
|Announcement of 15 Finalists||On or before 11 January 2016|
|Master Class for Coaches||16 January 2016|
|Grand Finals: Elevator Pitch Competition||3 February 2016|