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.
- Grand Champion
The grand champion will receive PhP 50,000 and a trophy.
- First Runner Up
The first runner up will receive PhP 10,000.
- 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 September 2016|
|Dates of Master Classes||1 October 2016
8 October 2016
15 October 2016
22 October 2016
|Deadline of Submission of Project Description||17 December 2016|
|Announcement of 10 Finalists||On or before 1 February 2017|
|Grand Finals: Elevator Pitch Competition||2 February 2017|