Do you have what it takes to be the next Entrepreneur?

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.

PRIZES

  • 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