Polar Innovation Exchange 2012-13
Purpose of the competition
To encourage creativity, innovation and the spirit of the entrepreneurial mindset while challenging ONU student teams and individuals to create and share ideas that will improve our global community.
Competition opportunities
Teams and individuals must register to compete in Ohio Northern University’s Polar Innovation Exchange by April 2, 2012
Prizes
First-level competition winners will receive $50.
Second-level competition winners will receive the following:
- First-place: $750
- Second-place: $550
- Third-place: $350
Competition guidelines
- Prepare a brief oral presentation of no more than two minutes. This should be a concise and well-thought-out presentation of a new business or product idea.
- Props are allowed and encouraged. No electronic media is allowed.
- Be prepared to answer questions and receive feedback from a panel of judges.
- Does it solve a social or industry problem?
- Does it fulfill a consumer want or need?
- How does the idea address the problem?
- Is it unique and innovative?
- Is it feasible?
- There will be two levels of competition:
- Level one: All teams or individuals compete in front of a panel of judges.
- Level two: A team or individual is selected from each team of judges to move on to the second level of competition to determine the final winners.
Competition categories
Ideas that Improve Society
The idea should have a positive impact on the local or global community. For example, products, processes or business ideas that reduce our environmental footprint, assist in disease prevention, or provide educational materials and exposure to the arts to underserved or disenfranchised communities
High-Tech Commercialized Product Ideas
The idea should be a product that can be marketed to specialized consumers or businesses. For example, manufacturing equipment, medical devices, robotics, bioengineering or computer apps.
As-Seen-on-TV Product Ideas
The idea should be a product that can be marketed to mass consumers or businesses. For example, household gadgets, fashion accessories, cosmetics, exercise videos or new TV shows.
New Businesses that Create Jobs
The idea should be a new business that has the potential of creating new jobs in a local community. For example, a new retail concept, local manufacturing, accounting practice or restaurant.
Competition assessment
10 points for each item, for a total of 100 points:
- Idea was clearly identified.
- Idea was clearly articulated.
- Idea was clearly unique.
- Idea was clearly innovative.
- Idea was clearly feasible.
- Idea had a clear societal or market impact.
- Idea clearly met a consumer need or want.
- Prop(s) was (were) used appropriately.
- Team (individual) was clearly prepared.
- Team (individual) was clearly knowledgeable.
For more information, contact: Dr. Tammy Schakett at t-schakett@onu.edu or 419-772-2079
