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Reverse Pitch Competition

Austin, TX event series to turn valuable raw materials leaving businesses & non-profits as waste into foundations of new social enterprises. Read Overview...
Total Prize Amount
$10,000
Overview

[Re]verse Pitch Competition

An Event Series in Austin, Texas for Social Entrepreneurs Where We Pitch To You!

Entrepreneurs are used to pitching their business idea to investors, partners, and anyone they might share an elevator ride with. In this competition, the tables will turn. The [Re]Verse Pitch Competition is a social innovation program to help turn valuable raw materials that are currently leaving local businesses, non-profits, and institutions as waste into the foundation of new social enterprises.

Competitors work with mentors & advisors to develop repurposing business ideas and compete for Innovation Prizes to help start this new venture.

Get Involved

  • Are you an Austin entrepreneur interested in starting a business that has a positive social impact? A non-profit professional intrapraneur interested in a creative way to diversify your revenue and/or offering direct job training to their clients? Click "Pre-Register" above to register for the challenge. Then RSVP for the opening event here. You must be present at the opening event to participate. You will be notified of any status updates and be able to create an entry to the challenge when it opens.
  • Click on the "Share" button or social media icons above to share this challenge with your friends, your family, or anyone you know who has a passion for social entrepreneurship.
  • Leave a comment in our Forum to join the conversation, ask questions or connect with other innovators.
  • Click "Follow" above to be notified of any status updates to the challenge.

 

Additional rules

Who can participate:
The Challenge is open to all current and aspiring entrepreneurs in either the for- or non-profit sector interested in establishing or expanding an operation in Austin, Texas that reuses the byproduct materials in the competition. To be eligible to compete, you must comply with all the terms of the Challenge as defined in the Challenge-Specific Agreement. You must also attend the live opening event on October 11, 2016 at 6-8 pm at Atlassian. More information on the byproducts and the opening event are available at http://reversepitch.org. 

Registration and Submissions:
All Teams must be registered and have an initial concept statement uploaded by October 18, 2016 11:59 PM Central Time to be eligible for the prize. No registrations will be accepted after this date.

All Team finalist materials must be submitted online on or before November 18, 2016 11:59 PM Central Time. No submissions will be accepted after this time. Incomplete submissions will not be accepted. All submissions must be received online, via the Challenge website, and all uploads can be in PDF format only. Submission reporting requirements are detailed in Judging.

Challenge Guidelines are subject to change. Registered competitors will receive notification when changes are made, however, we highly encourage you to visit the Challenge Site often to review updates.

Guidelines
Timeline
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June 22, 2017, 8:23 p.m. PDT
You are here
Dec. 6, 2016, 10 p.m. PST
Winners Announced
Winners will be announced at the December 6th event. Whether you win an Innovation Prize or not, we hope you turn your repurposing idea into reality! You can contact Natalie Betts, the Recycling Economic Development Liaison, for assistance at natalie.betts@austintexas.gov and take advantage of the City of Austin’s small business start-up resources: http://austinsmallbiz.com.

The winner of the Innovation Prize will receive half of the cash prize, plus the in-kind prizes, upfront and will need to raise matching funds by August 15, 2017 in order to receive the remaining funds. See the Match Policy for more information: http://static1.squarespace.com/static/55b690b5e4b0491deed57b65/t/5655cf61e4b0509ba9d8410d/1448464270625/Reverse+Pitch+Competition+Prize+Match+Policy.pdf
Dec. 5, 2016, 10 p.m. PST
Final Pitch Event
Finalists will pitch their business concepts to our judging panel and audience members at our final event, which will take place Tuesday, December 6th at Atlassian- 303 Colorado St #1600 from 6PM - 8:30PM.

Please review the Judging Criteria which will be used to choose the winner of the Innovation Prize. All pitches will be videoed and uploaded to http://reversepitch.org after the event. Judging criteria can be found here: http://static1.squarespace.com/static/55b690b5e4b0491deed57b65/t/5620328fe4b0d00c1a3cb16c/1444950671130/Judging+Criteria.pdf

Finalists will have 6 minutes to pitch, and should address each of the judging criteria areas: environmental impact, market viability, and economic development. Please use the pitch deck template, located here: http://static1.squarespace.com/static/55b690b5e4b0491deed57b65/t/56210a2ae4b0096117ae340d/1445005866276/Reverse+Pitch+Template.pdf

Judges will have 4 minutes for Q&A. The winners will be announced at the event.
Nov. 29, 2016, 10 p.m. PST
Final Pitch Rehearsal
All finalists will gather for a rehearsal of the final pitch event where they will have a chance to practice their pitches and receive feedback.

Remember to work with your mentor on your pitch and utilize the pitch deck template: http://static1.squarespace.com/static/55b690b5e4b0491deed57b65/t/56210a2ae4b0096117ae340d/1445005866276/Reverse+Pitch+Template.pdf
Nov. 29, 2016, 7:32 a.m. PST
Thank you to everyone who participated in the first round of the [Re]verse Pitch Competition. We've been impressed with the increased number of teams competiting this year and the strong caliber of ideas submitted. Congratulations to our 8 finalists: ... Read More
Nov. 23, 2016, 10 a.m. PST
Judging Close
Nov. 21, 2016, 10 p.m. PST
Judging
Judges will vote for the best ideas to become finalists by this date. Judges will base their votes on the HeroX submissions, so make sure you’ve addressed all the judge’s criteria in your HeroX submission.
To encourage a diversity of material types to be represented in the finals, ideas will also be assigned points based on the material used, with 5 points being assigned to ideas using the material with the fewest ideas submitted, 4 points to ideas using the material with the second fewest ideas submitted, and so on.

We will announce the finalists on November 23rd.

If you are selected as a finalist, work with your mentor to craft your presentation pitch using this pitch deck template: http://static1.squarespace.com/static/55b690b5e4b0491deed57b65/t/56210a2ae4b0096117ae340d/1445005866276/Reverse+Pitch+Template.pdf
Nov. 18, 2016, 9:59 p.m. PST
Submission Deadline
By this date, you need to answer the specific questions related to the Judging Criteria by completing the "Reverse Pitch Idea Questionnaire" entry form. Judging Criteria: http://static1.squarespace.com/static/55b690b5e4b0491deed57b65/t/5620328fe4b0d00c1a3cb16c/1444950671130/Judging+Criteria.pdf

Judges will base their votes on the information competitors upload to HeroX, so make sure you’ve addressed all the judge’s criteria in your HeroX submission.
Nov. 15, 2016, 6:47 a.m. PST
Hello Competitors and Mentors, I hope everything is going well for you at this point in the competition. A reminder that your next deadline is a little more than a week away: to become a finalist, you must submit the Reverse Pitch Idea Questionnaire ... Read More
Oct. 20, 2016, 10 p.m. PDT
Mentor Match
You’ll be matched with your mentor by this date through an email introduction. Once you've been matched, don't delay, you'll only have from October 21st - Nov 18th to flesh out your project.

If you have not been matched with a mentor, please contact Natalie at natalie.betts@austintexas.gov
Oct. 18, 2016, 9:59 p.m. PDT
Concept Statement Due
October 18th is the deadline to post an initial concept statement and mentorship request on HeroX. You may request a specific mentor (see bios of the mentors at http://reversepitch.org/whos-who) or request specific expertise areas (sales, manufacturing, marketing, etc.). We will do our best to accommodate requests and match you with a mentor that meets your needs, but cannot guarantee you’ll receive your requested mentor.

At this stage, you are welcome (and encouraged!) to post more than one concept statement and for multiple materials. However, each entrepreneur will be matched with one mentor only, not with one mentor per idea submitted. In addition, each entrepreneur will only be able to submit one idea at the finalist application stage.

Also, don't worry that you don't have all the details about your concept at this stage. You can flesh out and update your concept throughout the competition.
Oct. 10, 2016, 10 p.m. PDT
Enter
Join us at the Atlassian Austin (303 Colorado St, Austin, TX 78701) from 6-8 pm to learn about the materials you'll can work with. You must attend this event in order to participate in the [Re]verse Pitch Competition.
Sept. 16, 2016, 7:12 a.m. PDT
Date Launched
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