Unlock Your Big Idea comes to Sheridan
Starting a new business is already challenging. Transforming a new idea into a business is ever harder. With the goal of supporting entrepreneurs in the GTA, the Ontario Network of Entrepreneurs (ONE) Partners in Peel hosted the 3rd annual Unlock Your Big Idea Pitch Competition (UYBI), which took place at Sheridan’s HMC campus.
A total of nine finalists presented, three in each of the following categories:
Sunset Memorial Charters – WINNER
Nise Tech Inc. – WINNER
Creative Industry Startup
House of Trade Inc.
Each entrepreneur had three minutes to pitch their business idea to a panel of four judges, who had additional four minutes to ask questions at the end of each presentation. The evaluation criteria included strength of the entrepreneur/ team, size of opportunity/ competitive environment, product/ technology, business stage, marketing / sales / partnerships, and ability to access financing to achieve milestones.
“It was an honor for us to host this event at Sheridan this year. As we’re in the process of strengthening our entrepreneurship hub on campus, we want to continue partnering with local organizations to foster new ideas and businesses in the GTA. There is a wealth of ideas out there and we want to help them flourish,” said Victoria Kern, Event Coordinator for EDGE at Sheridan.
The panel of judges comprised of esteemed leaders in the Peel region:
– Mayor Bonnie Crombie, Mayor of Mississauga
– David Soo, IT Professional and Entrepreneur
– Shatha Qaqish-Clavering, Portfolio Manager – Greenhouse Gas Program, Ontario Centres of Excellence
– Khaled Iwamura, Founder of InSauga, InBrampton, and InHalton
The winners of the main categories received $10,000 each plus mentorship through the Ontario Network of Entrepreneurs. The youth category took home a $5000 dollar prize.
The audience also had a winning night. There was a Twitter contest, where audience members had to tweet using the hashtag #UYBIPitch2018, and the most creative tweet won an Amazon Echo Dot. There was also a “Choose the Winners” contest, where audience members had to guess the winner for each category, and whoever came closest won an Amazon Echo Dot and a Bose speaker, that work simultaneously. Whoever came second to guessing the winners won a Bose speaker.
The event will return to Sheridan next year. Organizers said that applications will open towards the end of the year, around November and December.
To learn more about eligibility criteria and how to apply, visit https://uybi2018.sheridancollege.ca
Congratulations to all the winners and participants!