Schedule
CASH PRIZES
Teams in the St.Thomas Finals will win the following prizes:
First Place - $6,000
Second Place - $3,000
Third Place - $1,500
Fourth Place - $1,000
Fifth Place - $500
The two leading teams from the St Thomas Finals will advance as the Global Finalists to represent St Thomas at the June Finals event Global Finalists have the chance to compete for a selection of top prizes ranging from $10,000 to $25,000
The Pitch Format
Finalist Pitches
Each pitch session will consist of a:
10-minute pitch
10-minute Q&A and feedback
2-minute transition to the next team
Elevator
Pitches/60-second pitch
During our Awards Ceremony, each team will have the opportunity to share a 60-second elevator pitch of their venture. Elevator pitches are not factored into the final judging decision.
What We Ask of Our Finalist Teams
Clear articulation of social & environmental impact and connection to the UN SDGs: Successful pitches will identify the problem being addressed, beneficiaries, demonstrate how the proposed innovation will create the desired impact, and articulate the potential breadth and depth of the intended social or environmental impact.
Clear demonstration of the interaction with end-users or beneficiaries: Successful pitches demonstrate things such as test runs, design approaches utilized, assumptions tested, and lessons learned (about the customer, market, problem, or solution). Sharing your findings demonstrates adds credibility to your pitch and potential solution.
Clear, realistic, and logical financial model: Pitches can include a discussion of revenue streams, customer segments, or startup costs. You should also highlight the needed funding sources to get your innovation to market and build a sustainable income stream.
Market and solutions landscape: Include references to existing market solutions, and the team's innovation is distinct and better. There are many ways to be innovative - a new market or customer segment, a new idea, new delivery methods, etc. Successful pitches show how a social innovation fits in the landscape of other solutions addressing similar problems
Team capacity and partnerships: Share an overview of current resources, partnerships, how each team member contributes or will contribute to the social innovation and goals Highlight the team's commitment and capacity to refine and follow through on the implementation of the idea.
