13 March - 2014
31 March at 23:59 - 2014
Excitera Innovation Challenge is a contest where you get the chance to create a business idea based on latest research.
Ten important details you must know about the challenge
Details about the cases and the innovation plans are considered confidential , and participating teams can choose how much detail that are disclosed about their plan.
The winners of Excitera Innovation Challenge 2014 will recieve the Next Step Award worth 100. 000 SEK from KTH Innovation that will support the winners to launch their service/product on the market. They will also recieve a check worth 25. 000 SEK from SEB and a consultation agreement worth 10.000 SEK from Awapatent that will help them to protect their idea from IP infringement.
The innovation plan is the document with which you will compete with in Excitera Innovation Challenge. It is a short version of a business plan and focuses mostly on the idea, the customer and the commercial application of the technology.
The scope for this contest is:
We recommend you to be creative and try to find previously not-thought-of-ideas. When you have found an application area of the technology that you like, try to investigate the potential of it with potential customers, collect feedback and iterate the product/service based on that. Your focus should be on the product idea/commercial application of the technology and the value to the customer.
We want you to use the following headings in your innovation plan:You can now download KTH Innovation’s document with suggestions on how you can make a good market researcher plan:
The business plan should include a short summary (one half to one page) of the innovation plan.
The jury will assess how well you transform a promising technology into a market ready product. The evaluation will take into account differences between the cases and focus on how well you have developed the product with given conditions. The jury’s decision cannot be appealed.
The Jury will evaluate according to the following criteria:
Do you want to know more about Excitera Innovation Challenge and find out how to protect a technical idea? Then you should come to our spring lunch seminar with Awapatent, one of Europe’s leading IP Company. They will show you how the road from an idea to patented product looks like and how to avoid most common mistakes.
Grilled Lebanese wraps and beverages will be served to the first 60 students who show up!
Adress : SingSing, Lindstedtsvägen 30, KTH
During this event researcher case for this year’s challenge will be presented. You will have the chance to ask your questions to the researchers and after the presentation there will be time to mingle with the researchers and other students. This event will be the starting of the challenge! Drinks and snacks will be served.
Adress: SingSing, Lindstedtsvägen 30, KTH
Register yourself or your team at firstname.lastname@example.org before 23:59.
Submit your innovationplan at email@example.com before 23:59.
Listen to the finalists while they are preforming their elevator pitch for the jury of the challenge and join them for a dinner together with our partners companies. The winner of total 125.000 SEK will be presented and evening will continue with and after party at Café Opera!.
Adress: Reaktorhallen, Drottning Kristinas väg 51
To be sure that you will get a seat for all events, send a mail with your name to Ramona@excitera.se
- Seven of the most frequently asked questions. If your missing something? Contact us.
It is our own term for a brief idea description/business plan that only describes the ide, the need, the prospective consumer, the market and the potential competitors in the market.
The researcher or the company the presents a case owns the rights to the innovation plans that the participants submit to their case, while the participants have a chance to win money. If a team wants to continue working with the idea they have submitted, they must agree with the researcher/company on how to pursue the project further. This is something that we encourage.
The jury how well you have transferred a promising technique to a profitable product. To accommodate a fair competition, the judgment is not based on how promising the researcher’s work is. The jury’s decisions cannot be appealed. The following criteria is looked upon by the jury:
First all the innovation plans are screened so they will fulfill the requirements set up by Excitera Innovation Challenge. After that all plans are submitted to the jury for evaluation and grading. The plans with the highest grades move on to the final. Among these the winners will be awarded with prizes at the pitching event during the finals!
One of the requirements for the competition is that all the participating innovation plans are kept confidential is. If the participants want more information from the researches, a confidentiality contract has to be signed. When the competition is closed the business idea can be protected even if has been judged by the jury. Participating teams can decide themselves what can be publicized during the prize ceremony.
When the contest is over it is highly probable (and it is something we strongly encourage) that the candidate and the researcher/firm will agree on a way to develop the project further. The purpose of EIC is to encourage cooperation. Such an arrangement can be designed in many ways, it can for example be a joint project where both sides actively involved, it may be that the contestants mainly runs the project forward with a small involvement from the researcher/ company, or in some cases the researcher/company has not interested to be involved but gives the rights of the innovation plan back to the contestants so that they can develop the project further on their own
In some cases, the technologies are panted or protected by other means, and in these cases it must of course be agreed on how to use the protected technology. This is part of the agreement that the contestants and the researcher/company do if they decide to pursue the project further after final. KTH Innovation helps with this as part of the follow-up after the competition and is actively working for participants who wish to be able to push forward their projects in an appropriate form.
Register yourself or your team at firstname.lastname@example.org before 31st March 23:59.
Details for registration
When submitting your innovation plan
Attach your projectplan in PDF. ex. “innovationplan.pdf”
If you have any other questions please send them to Nasra@excitera.se and you will get an answer within 24 hours.
We wish you the best of luck!
Excitera Innovation Challenge is a part of Excitera, a student run entrepreneurship association in Stockholm.
Project manager 2014, EIC
T: 070 0598895