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Take a Plunge in the Tiger Tank
Wednesday, April 6, 2016
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.
Submissions describe an early stage product or service with foreseeable commercial impact. This includes:
- The ways in which this venture is unique and 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.
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 Wednesday April 6, 2016 at 6:00 P.M. All teams are required to be present on campus to particpate.
The application deadline is February 29, 2016 @ 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 (**Bonus: 50% scholarship towards one of the graduate business programs)
o 3rd Place - $750 (**Bonus: 50% scholarship towards one of the graduate business programs)
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.
Scholarships awarded 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 and will not exceed the total amount of the scholarship awarded to the team. Scholarship winners must enroll into their graduate program within 18 months of winning their scholarship, and accepted students must submit a Team Scholarship Consent Form to clarify which team members intend to use the scholarship awarded. Scholarship winners are subject to all applications requirements and must receive full admissions acceptance into a Saunders graduate program.
The Tiger Tank Competition scholarship award may not be used in addition to other scholarships already awarded by Saunders College of Business. Team members wishing to use awarded scholarship must get written consent from other team members about their intent to use or not use their portion of the awarded scholarship. In all cases, intent to use scholarship is also dependent upon 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 6, 2016. A panel of judges will evaluate the presentations of the five finalists to decide their final placements. Winners will be selected and announced at the end of the event. All decisions made by the judges are final. **