Overview
Do you have an idea that solves a problem in society or the environment? Is there a product or service you have that is better than the current solution?
The Idea Competition is your chance to explore your solution and win money in the process.
The UMBC Idea Competition is designed to challenge you to think outside the box to create a solution for any problem and make it happen! UMBC is one of the most innovative schools in the nation, so UMBC students are the kind of innovators that can change the world.
This year we are offering two separate tracks. Students can enter ideas in either the Technology and Innovation track or the Social Impact track.
Submit your idea via the online entry form. You can also grab your camera or smartphone and post a short YouTube video of you pitching your idea. The top entries will be judged by a panel of judges at the final competition held November 10, 2022, from 7-9pm in the UMBC Library Gallery.
The top 3 winners in each track will receive cash prizes up to $750. There will also be an additional $250 award for best overall pitch as determined by an audience vote.
How to Enter
To enter the competition, complete the UMBC Idea Competition Entry Form, which asks you to (i) describe a problem or opportunity, and (ii) describe your idea for addressing it.
Submission forms will be limited to one page, so you will need to articulate the problem you have identified and your idea succinctly.
You will also be allowed to post a short video to YouTube in which you can personally pitch your idea. The videos are not required, but they are encouraged as an effective way to communicate ideas to the review committee. YouTube videos are limited to 60 seconds and creativity is encouraged. Videos longer than 60 seconds will not be considered by the judges. Please submit your video entry with a link to your Youtube video.
COMPETITION RULES
Eligibility
The UMBC Idea Competition is open to all UMBC students (undergraduate and graduate). Individual students or student teams of up to four people may enter the contest. A student may only be included on one entry, i.e., either as an individual or a member of a team.
Example Ideas
The idea competition is open to any idea that complies with these rules. To aid students in selecting an idea for the competition, consider the following:
- Products or Services
Do you have an idea for a new product or service that meets some need in the marketplace? Alternatively, select an existing product or service and provide an idea about how it could be improved.
- Social or “Green” Concerns
Do you have any ideas that will improve society in some way? Ideas for this category include those that help the environment and those that help address social issues.
- Ideas that generate Artistic Value
Do you have ideas that will engage more people in the arts in terms of increasing appreciation for the arts and its importance in society. Do you have ideas for making art more accessible or for commercializing art?
- Commercial Applications of UMBC Research Projects
Are you working on a research project at UMBC? Do you have ideas for a commercial product or service related to your work?
- Campus Innovations
Do you have innovative ideas that would enrich campus life or ideas that will save UMBC money?
- Other ideas?
Any idea qualifies for this competition, so do not let these examples limit your creativity!
Judging Process
Judging of entries will consist of two steps. First, an independent panel of reviewers will be asked to review and score all entries using a number of criteria (described below). The reviewers will be able to review both written submissions and any submitted YouTube videos.
The top entries will be invited to pitch their idea in a final competition (see below) before a panel of judges. This final competition will constitute the second step in the judging process. During the final competition, the review panel will select the top three best ideas.
Judging Criteria
Judges will be asked to consider the following criteria for scoring:
- Identification and Definition of the Problem/Opportunity
Has the problem/opportunity been described in a clear and convincing manner?
- Value Creation
Is this an original idea? How innovative is the idea?
- Feasibility of Implementing the Solution/Idea
How practical is the idea when it comes to implementation? How easily can barriers be overcome?
- Impact of Solution/Idea
Does the idea create economic or social value?
- Impact of the Solution/Idea
What’s the size of the population that will be impacted? What’s the level of impact that the idea will have on the identified problem/opportunity?
Timeline
Entry forms for the UMBC Idea Competition must be submitted by 1 p.m. October 6, 2022. Entrants can include a link to an original YouTube video on their entry form describing their problem and their idea. Videos may not be longer than 60 seconds. On October 14, 2022, invitations to the final competition will be sent to students with the best ideas (as determined by the review panel). These students will participate in the Final Competition.
Final Competition
To determine a winner in each track, the finalists will deliver a live three minute presentation on the problem or opportunity they have identified and their idea for a solution. This will occur at the final competition to be held November 10, 2022.
Checks will be awarded to the top three ideas in each track. An award will also be issued to the finalist with the pitch that communicates the identified challenge and idea for a solution in the most creative/entertaining way. The Best Overall Pitch will be determined by an audience vote of those present at the event.
A description of the prizes is listed below for each track:
Category/Prize:
Best Idea/$750
Second Place Idea/$500
Third Place Idea/$250
Best Overall Pitch/$250
All finalists and prize winners will be featured on the UMBC Idea Competition website.
Disqualification
UMBC reserves the right to reject any entry that it determines, in its sole discretion, is obscene, vulgar, sexually explicit, lewd, derogatory, or otherwise inappropriate or in bad taste. This applies to written entries and accompanying videos.
Prior Competition Videos:
2022 UMBC Idea Competition- Sample Presentations
Previous Winners:
2022 Fall Winners, 2021 Fall Winners,2020 Fall Winners, 2019 Fall Winners, 2018 Fall Winners, 2017 Fall Winners, 2016 Fall Winners