Entrepreneurship: Studio CreaTec Challenge

The Studio Createc Challenge, initiated by The Art and Art History Department, is a idea competition established in order to encourage and develop creativity, ideation, and collaboration among the various departments and colleges at UTA. As our cultural, technological and business environments are more interconnected than ever, The Studio Createc Challenge calls for innovative, interdisciplinary student teams to create and develop ventures responding to this new landscape. Over $10,000 in cash prizes and start-up resources will be provided to teams with viable solutions and sustainable ideas that successfully address the intersection of culture, business, and technology today.

Mission

• Collaborate, Create, Inform, Share, Expand

Goals

• Increase innovation, ideation, collaboration across the university
• Create an environment that rewards cross disciplinary teamwork
• Provide funding, mentorship, networking, and other resources to help accelerate an idea into a start-up
• Create and develop solutions that have a meaningful impact on our environment, our community, and our health

About

• A competition awarding cash prize, startup support and mentoring for viable ideas that addresses the intersection of culture, business and technology
• Campus wide competition to encourage cross disciplinary collaboration resulting in creative, innovative ideas that have potential commercial value, impact, and sustainability
• A start-up competition that guides student concepts from ideas to fundable business models.

Outcomes

• Create environment that fosters cross disciplinary interaction
• Elevate visibility of creativity and innovation by UTA students
• Enhance entrepreneurial opportunities for students

Prizes

• Over $10,000 in cash and prizes, including; launch package with Tech FW, workshops, support services, mentorship, assistance in prototyping, website development, pr, design and identity expertise

Mark Your Calendar

Important dates = announcement-build-competition-finalists-award

• November 20
  Information sessions/meet and greet/development of teams. (Startup Lounge 12-2)
• January 29
  Information sessions/meet and greet/development of teams. (Startup Lounge 12-2)

Workshops

• February 2
  Ideation, collaboration and project management workshop. (Library Atrium 12-2)
• February 12
  Workshop: developing a business model. (Library Atrium 12-2)
• February 19
  Workshop: executive summary. (Central Library Parlor 12-2)
• February 26
  Workshop: video pitching. (Location TBD 12-2)
• March 4
  One-on-one. (Location TBD 12-2)
• March 11
  Last day to submit proposals
• March 25
  Finalists announced
• April 1
  Workshop for Finalists. (Start-up Lounge 12-2)
• April 8
  Workshop for Finalists. (Start-up Lounge 12-2)
• April 29
  Finalist presentation. (Start-up Lounge 12-2)

Competition Format

First Round: executive summary plus 2 minute video pitch submitted via Slideroom
Second Round: formal slide presentation to panel of judges

Eligibility, Rules, and guidelines

• Any grad or undergrad enrolled full time at UTA
• For this competition, each interdisciplinary team must identify at least three distinct member roles; teams might include artist/designer, business, and engineer
• Teams of at least 3 that must include at least one art major
• Each team must designate one person responsible for communication throughout the competition
• All team members must be present for competition
• Designed with an emphasis on new ideas

Selection Criteria

• Feasibility of business model
• Market size, opportunity, and competitive positioning
• Team qualifications
• Overall feasibility of venture

Proposals For Entry

Components of Executive Summary + 2 Minute Video Pitch

• Team Name
• The following for each student participating in the group:
  Name, Major and Email.
• Executive summary (attach)*
• A 2-minute elevator pitch video (attach)
• All of these are due March 11, 2016.

The selection criteria will include:

• Value proposition
• Quality of the product, service, or solution
• Market size, opportunity, and competitive positioning
• Team qualifications
• Overall feasibility of venture

*Include the following in your executive summary/overview (2 pages max):

1. One-sentence summary of your idea(pitch)
2. Problem/Opportunity – pain you are alleviating or pleasure you are providing
3. Value Proposition – explain pain/pleasure
4. Underlying Magic – explain technology, magic, or secret sauce behind your product
5. Business Model – explain who has your $ and how you are going to get it into your pocket
6. Go-to-Marktet Plan – how you will reach your customer
7. Competitive Environment – view of competitive landscape

Finalist Presentations

10 minute presentation of 12 slides(pitch deck) plus 10 minute question from judges

1. Introduction
2. Team
3. Problem
4. Advantage
5. Solution
6. Product
7. Traction
8. Market
9. Competition
10. Business Model
11. Investing
12. Contact