September 2015 Executive Board Members: Barbara Barcon, Chair, Consultant and Vice President and CFO (retired) Dr. Christiane Beyer, College of Engineering.

CSULB Innovation Challenge

September 2015Executive Board Members: Barbara Barcon, Chair, Consultant and Vice President and CFO (retired)Dr. Christiane Beyer, College of Engineering (COE)Dr. Larry Pate, College of Business Administration (CBA)Wesley Woelfel, College of the Arts (COTA)

1What is the Innovation Challenge?A learning environment and annual competition for CSULB studentsTeams develop, promote and launch entrepreneurial business ideasStudents learn how to create business plansReward the best team/plan (annually) with up to $50,000 worth of business-related services and seed funding

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You have an idea!Build a team!Develop your business planReview with mentors and support teamPresent to Investors and Judges(Final 4 teams)Winning team receives start-up resources and seed fundingCSULB Innovation Challenge3What Do Students Get Out of It?An environment to develop business ideasLearn to form and work on a multi-disciplinary teamAdvice and networking with a business professional who is a mentor to the teamAn opportunity to learn how to be an entrepreneurDevelop experience and knowledge in starting a business, intellectual property, financial plans, etc.Resources and financial support ($K)

4Final Competition and AwardsThe Final Four teams present to a panel of judges in a public forum. All receive gift cards and certificates.The winning team receives business support resources such as: office and/or lab space on campus, professional services e.g. legal, accounting, tax, intellectual property, on-going advisory support and $10,000 in seed funding to help launch their business.Past Winners (2011, 2012, 2013, 2014, 2015)

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Sliding DoorsGyde TechMedical Diagnostics InFluidsElectric BikePhasor Cycles Textbook ExchangeTextbookHouse3D Printer Lux Nova

5Example Past Innovation Challenge Business IdeasImproved medical testing deviceSpecialized garmentsElectric bikeBicycle security componentsSliding DoorsWater Management SystemAutomated beverage serviceTea-based beveragesAutomated geo-informationTextbook exchangeEtc.

6Participate!Get the message out to students, friends, classmates Mention/promote in classes, labs, club meetings, etc.Could be part of a senior-level class projectTeams come from all colleges and majorsAttend the final competition/awards event on April 7, 2016

78Past Sponsors and In-Kind Service Providers

Individual SponsorsBarbara BarconDr. Deborah FerberEric Schwartz

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How do Students get Started?CSULB Innovation ChallengeSchedule (2015 - 2016)10September 8, 2015 November 6, 2015Attend information sessions (5 available)October 12, 2015 December 8, 2015Letters of Intent accepted,Match teams with mentorsDecember 8, 2015Last day to submit Letter of Intent (LOI)February 26, 2016Business plans due by 5 pmMarch 14-18, 2016Notification of finalists & runner-upApril 7, 2016Finalists presentations and businessplan judging, and presentation of awards.How do Students get Started?Form a team and submit a Letter of Intent (LOI) (due by 12/8/15). The sooner students submit an LOI, the sooner a mentor is assigned to the team.Submit business plan by February 26, 2016Visit the website to learn more:http://www.csulb.edu/innovationchallengeE-Mail: [email protected]

11See the Representativesof the collegesOffice Hours: Larry Pate (CBA), CBA 343 MW 11am-12:30pm and TW 6:30-7:00pmChristiane Beyer (COE), ECS 631 TTH 3:30-5pmWesley Woelfel (COTA), DESN 112B MW 8:30-9:30am and 7-7:30pm F 8:30-9:30amOr by appt.

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Back-Up14Student Participation By College2014 increase in CBA, CotA, and other colleges participationNeed to promote additional participation from across CSULB

15LOIs = Letters of IntentInnovation Challenge Video

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