Thursday, March 26 | 11 a.m. | Virtually
The final 5 teams will pitch their big idea for a chance to win $3000! Due to COVID-19 health restrictions, the Moody Business Pitch Competition has been postponed to March 26 and will now be held virtually for participants and judges.
Results: Congratulations to 1st place winner Paul Pryor, Leviathan (Electrical and Computer Engineering major)! His 3D printer concept is the recipient of $3,000 and entrepreneurship development services.
2nd place is Garrett Hebert, The Paw Pub (MBA) and 3rd place is Ambika Dahal, Frubotics (Ph.D. in Systems/Mechanical Engineering). Additional finalists are Jeanne-Claire Benton (Psychology major) and Daniel Farris, The Lagniappe Stop (Management major).
Thank you to our event mentors, judges, partners, and sponsors including EAP, BRF, and Opportunity Machine.
Final Pitch Highlights
About the Competition
The Moody Business Pitch Competition is a premier business development contest open to all University of Louisiana at Lafayette students who are enrolled in a minimum of six (6) credits in the current academic year. The competition aims to provide students with hands-on education and experience in entrepreneurship. Students can submit ideas for new businesses, products, or social ventures.
Students may apply in Moodle as an individual, or a team of up to four (4) individuals. Each team must designate one person as the team lead who will be responsible for applying and communicating all information to other team members. The application in Moodle opens January 21, 2020 and closes February 2, 2020. Qualified participants will progress through three (3) phases; idea proposal (Moodle application), speed consulting and business development workshop and the final in-person presentation (pitch). This initiative is sponsored by BRF’s Entrepreneurial Accelerator Program (EAP), whose mission is to build an inclusive entrepreneurial eco-system in Louisiana.
Why should I participate?
Participants will have opportunities to receive coaching from industry experts and build comradery with other entrepreneurial minded individuals. The Top 5 finalists will compete for unrestricted cash prizes listed below, professional services from EAP and paid passes to the Louisiana Startup Prize 2020 in Shreveport, Louisiana.
- 1st Place (Winner) - $3,000 cash
- 2nd Place (Runner up) - $1,000 cash
- 3rd Place (Runner up) - $500 cash
Eligibility & Student Enrollment
Applicants must currently be enrolled in at least six (6) credits towards a degree program at UL Lafayette to participate in this competition. One application per individual/team is permitted. Online students may apply but must present in-person at UL Lafayette to participate in the top 5 final pitch, if selected.
Phase 1 - Application
The application in Moodle on the Moody Business Pitch Competition page (Moodle login required) will open Tuesday, January 21, 2020 at 9:00 am CST and will close Sunday, February 2, 2020 at 11:59 pm CST. Click here for Official Rules and Application (Moodle login required).
Phase 2 – Speed Consulting & Business Development Workshop
Because feedback is a critical component when starting a business or validating an invention, students will have the opportunity to get feedback at the speed consulting session scheduled for Friday, February 7, 2020 at 12:30 pm in the Moody College of Business Northwestern Mutual Sales and Research Lab located in Moody Hall, Room 110. Participants will also be required to watch a virtual business development workshop and submit four (4) deliverables afterwards to be considered for the top 5 finalists’ positions. The workshop videos will cover all the steps needed to complete the following four (4) deliverables:
- 1-Page Lean Canvas
- 1-Page Executive Summary
- PowerPoint Presentation (Pitch Deck)
- 1-Page Summary of Financial Projections (2-year)
Templates will be provided for each deliverable and submission packets are due in Moodle by Sunday, March 1, 2020 at 11:55 pm CST.
Phase 3 – The Final Pitch Event
The final pitch will be held on Friday, March 20, 2020 beginning at 11:00 am CST in UL Lafayette Moody Hall, Room 103 in Lafayette, LA. The top 5 finalists will be announced on Friday, March 6, 2020 by 5:00 pm Central. Students will have seven (7) minutes to present their business idea to a panel of judges, which will be followed by a three (3) minute question and answer session. All finalists will receive presentation coaching from EAP analysts prior to the final pitch event.
- Application opens (Tuesday, January 21, 2020 at 9:00 am CST)
- Application closes (Sunday, February 2, 2020 at 11:59 pm CST)
- Workshop & Speed Consulting (Friday, February 7, 2020 at 12:30 pm CST)
- Final submission portal opens (Friday, February 14, 2020 at 9:00 am CST)
- Final submission portal closes (Sunday, March 1, 2020 at 11:55 pm CST)
- Top 5 announcement (Friday, March 6, 2020 by 5:00 pm CST)
- Virtual Final Pitch event (Thursday, March 26, 2020 at 11:00 am CST)
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