Thursday October 6, 2016

Flyer Pitch

The University of Dayton business plan competition kicks off Oct. 7 with a new name, more prize money and its first round in Vietnam.

Now called Flyer Pitch, the competition — among the largest at the collegiate level — will award $150,000 in cash prizes and $150,000 in-kind support during six rounds in three cities.

Also new this year is a technology transfer award sponsored by The Entrepreneurs Center in Dayton.

“Flyer Pitch supports ideas here and abroad and acts as an accelerator to grow those businesses,” said Vincent Lewis, director of the L. William Crotty Center for Entrepreneurial Leadership. “With about 200 teams expected to compete this year, we look forward to encouraging students to think globally as they enter the startup world.”

The new round in Ho Chi Minh City, Vietnam, a top-10 market for startups in Asia, offers $5,000 in prizes. Teams will have 90 seconds to pitch their business idea, similar to the television show Shark Tank.

The competition continues with:

- An elevator pitch round in Dayton, at 10 a.m. Oct. 29 in Miriam Hall. The event is open to the public.

- An elevator pitch round at the University of Dayton China Institute in Suzhou, China, on Nov. 5. New this year, the round is sponsored by the Dushu Lake Science and Education Innovation District authority of Suzhou Industrial Park.

- A cameo round, which gives teams five minutes and five slides to present their idea, in Dayton Nov. 19.

- A cameo round in China Jan. 8. The winning team from Vietnam will receive free travel to compete at this round in China.

- The final round, which is a 20-minute presentation, in Dayton on March 25. The winning team from Asia will receive free travel to compete on campus.

The final round grand prize is worth $25,000; second place is $15,000; third place $10,000; and fourth, fifth and sixth places receive $5,000.

There are also special prizes for green technology and social enterprises ideas in the first round. The new technology transfer track is for teams working with the United States Air Force Technology Acceleration Program.

“Flyer Pitch is bigger than ever, and we are ready to build on our track record of success,” Lewis said. “Since the beginning of the competition, 27 startups have launched and stayed in business — raising more than $10 million in capital. Those include companies in our own community, such as Commuter Advertising, Functional Formularies, UDecx, Smart Barn and Infinipure, that are helping the local economy. We look forward to offering support to more entrepreneurs during the course of the upcoming competition.”

For more information, contact Meagan Pant, assistant director of media relations, at 937-229-3256 or mpant1@udayton.edu.

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