SomePitching is a crowdsourced online competition for testing new business ideas.
For whom
Early-stage startups, teams without a company or individuals with fresh business ideas which are ready for feedback from potential customers and experienced professionals.
Anyone interested in being part of a public jury to evaluate and see new ideas and help startups to improve their idea.
2. In Brief
SomePitching is a crowsourced online competition for
testing new business ideas
The winners are selected based on the feedback of the
public and an international pro jury
All participants get validation, market analysis and
advice from hundreds of potential customers and
professionals
3. About
SomePitching is a non-profit organization
founded in 2010 by experienced entrepreneurs
Next competition is already a 5th one!
Supported by the Finnish Ministry of Transport and Communications
Aim – to boost the entrepreneurial spirit of youth!
Previous competitions have had over 60 teams, 500 voters and almost
100 jury members from 97 countries
4. SomePitching
A 2-week competition consisting of 3 stages:
• Stage 0 (before) – pre-registration to the competition with
basic team details
• Stage I (first week) – evaluation of the business ideas by
the public for selecting finalists
• Stage II (second week) –evaluation by the jury members
determining the winners
5. Stage I
• Participants make a max 60 sec video showcasing their
product/service idea
• SomePitching engages the public to evaluate the ideas
using Innopinion’s technology
• Participants are welcomed and rewarded to promote
themselves through social media
• The top evaluated ideas will go through to the Stage II
6. Stage II
• Finalists send a more detailed 5-slide presentation
describing the idea and the team
• Somepitching provides the slide presentation template
• Slide set is confidential and provided for the jury only!
• Finalists are ranked based on the evaluation of the jury
(75 %) and the public (25 %)
7. Benefits
Each team gets evaluations and comments from the public
Finalists get additionally a detailed feedback and analysis
from the Jury
Winners get real prizes
The report can be used to validate your business idea to
investors
You might even get real customers!
8. Competition
Application period: 01.11 – 17.11.2013
Dates: 25.11 – 08.12.2013
Winners and awards announced: 11th Dec 2013
Prizes, sponsors and jury announced before and
during competition
The video should showcase the product/service so that anyone could rate the following things:Is the problem importantIs the solution interestingWould I or any of my friends be interested in buying/using the productThe entertainment level of the video
Slide template includes the following topics:Background for the ideaBackground of the teamDescription of the value to customersHow are you going to complete the product and sell itWhere are you in three years