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Take a Plunge in the Tiger Tank
Friday, October 23, 2015
Applications for the next Tiger Tank competition will open soon - Stay tuned!
Are you ready to take a plunge in the Tiger Tank?
This event, sponsored by the Saunders College of Business, gives students the opportunity to pitch their business idea to a bunch of judges (aka, tiger sharks) to win cash prizes. Competitors in the Tiger Tank this year have been preselected from the top 5 ranked submissions to the idea contest, of which 50 teams applied to. The competition is tough!
Submissions describe an early stage product or service with foreseeable commercial impact. This includes:
- The ways in which this venture is unique, what problem it seeks to solve or gap in the marketplace it seeks to fill.
- A description of your target market. Inclusive of who potential consumers and/or users would be and what value your venture would add to their lives.
- Any potential challenges to delivering this product or service.
- Must be no more than two pages in length. All content past this length will not be considered as part of the submission.
The proposals will be evaluated based upon their uniqueness, feasibility and the ability to impact people. Five teams will be chosen to compete in the Tiger Tank competition which will be held on Friday October 23, 2015 at 8:00 A.M. The application deadline is September 28 @ 8 A.M.
Prizes awarded during the Tiger Tank Competition are as follows:
o 1st Place - $2000 (**Bonus: Full scholarship towards one of the graduate business programs)
o 2nd Place - $1250
o 3rd Place - $750
o 4th Place - $500
o 5th Place - $250** RIT Tiger Challenge Scholarship Prize Details: Scholarships awarded apply only to Saunders College of Business at Rochester Institute of Technology graduate programs, including Masters of Business Administration (MBA) and Master of Science (MS) programs. Scholarships do not apply to Executive MBA or undergraduate programs. Winning team gets one full-tuition graduate scholarship. Partial scholarships will be given to the second and third place teams. Scholarships are applicable to one degree program and may either be used in-full by one team member, or if more than one team member wishes to use the scholarship, the amount of the scholarship must be split among team members. Scholarship winners must enroll into their graduate program within 18 months of winning their scholarship. Scholarship winners are subject to all applications requirements and must receive full admissions acceptance into a Saunders graduate program.
The contest is open to all. No entry fee is required. Judges will select five finalists, from all the entries received before the deadline, to be invited to the Rochester Institute of Technology campus for presentations on April 15, 2015. A panel of judges will evaluate the presentations of the five finalists to decide their final placements. Winners will be selected and announced on the saunders.rit.edu website. **