The results are in! The 2020 Minute to Win It – Virtual Edition competition has officially come to a close. All of the participants of this competition sent in a 60-second video pitch for their new business idea for the chance to win up to $300 to help them launch it. This year’s entrepreneurs were incredibly innovative, having to work around quarantine and limited resources to create their video pitch. This ingenuity and passion surely made it difficult for the judges to decide on just a few winners.
However, our qualified judges rose to the occasion and decided on what participants best earned their startup capital. First, we want to thank all of our judges for helping make this event possible: Kelsey Davis, Founder of CLLCTVE, Matt Shumer, Founder of Visos, Sam Hollander, Founder of FSCL, Will DeVito, Founder of WD40 Productions, and Phil McKnight, Co-Founder of Promptous.
The judges selected the winners based on 4 criteria:
Creativity — Is this idea unique? Is the business providing a product or service that doesn’t exist? Are they approaching a traditional business with a new angle?
Market Opportunity – Is there likely a market for this product or service? Will consumers be motivated to purchase it? Are there platforms that the entrepreneur can sell through?
Problem Solving – Is the idea solving a definitive problem? Is this problem widespread or niche?
Feasibility – Is this a business that the entrepreneur can reasonably start up? Does the idea require an unrealistic amount of startup capital?
Now, we present to you the winners of the 2020 Minute to Win It competition!
1st Prize and $300 – Nancy Wang, Girl Power
2nd Prize and $150 – Miles Felstein, WYD
3rd Prize and $50 – Sammy Steiner, Eyes and Ears
Congratulations to this year’s winners! All of the entries showed the passion, problem-solving, and creativity our Syracuse entrepreneurs have, and we encourage all of our participants to meet with one of our Mentors to help launch their business idea!
To meet with one of our mentors, please reach out to email@example.com for more information.