The Pacific Asian Center for Entrepreneurship

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Guidelines

ELIGIBILITY

  • Individuals and teams of up to 5 people may enter.
    (Please note that if a team advances to the final round, all team members must be present for the final presentation.)
  • At least one member of the team must be a current classified UH student or faculty. The team may be comprised of non-UH members.
    (Please note that if the team claims a prize, the award can be designated to UH team members only.)
  • Participants may enter as many ideas as they wish. However, only one idea from the same individual / team will be selected to advance to the Finals.
  • Previous Breakthrough Innovation Challenge or UH Business Plan Competition entries are not eligible.

ENTRY

Individuals or team leaders must complete the online registration form and consent to the confidentiality and participation agreements by the registration deadline.

PROCEDURE

All submissions must be factual, entirely new innovations, and the original work of the entrants.

PRELIMINARY ROUND: VIDEO ENTRY

Produce a 2-minute video describing the innovation and how it may solve a problem in the world. See judging criteria. All qualifying video submissions will be viewed and ranked by a preliminary judging panel. 

  • Video must not be longer than 2 minutes. If the video is over 2 minutes, the entry will be automatically disqualified.
  • State name of idea.
  • Do not state team members' names.
  • Presentation must be done as a verbal explanation. Visual aids are not necessary but may be used to enhance the presentation.

Upload video to YouTube and email link to PACE. Videos must be smaller than 20GB in size and in a supported YouTube file format.

  1. Click the 'Upload' link at the top of any YouTube page.
  2. Click the 'Browse' button to browse for the video file you'd like to upload.
  3. Select the file you want to upload.
  4. Click the 'Upload Video' button to start the uploading process.
  5. Change your privacy settings to "Unlisted" (anyone with the link can view).
  6. Click the 'Save changes' button to save the updates you've made to the video file.
  7. Submit your entry by completing this online form.

The best video entries will be announced online. Finalists will be paired with a business mentor to help prepare for the live pitch. All finalists who present at the final event will receive a cash award. Challengers are strongly encouraged to watch the first four lessons of "How to Build a Startup: The Lean Launchpad" on Udacity before submitting their video. These videos will explain the Lean Methodology, Business Models and Customer Development.

FINAL ROUND: LIVE PITCH

Finalists will give a pitch of their business idea to a judging panel and live audience. PACE strongly encourages participants to align their presentation to the Judging Criteria. All members of a team must be present for the final presentation. The presentation will be followed by a Q&A session with the judges. All team members must be able to answer any question. The judging panel may be comprised of venture capitalists, entrepreneurs, angel investors, and other professionals. The judges will score each presentation, following Q&A.

CONFIDENTIALITY

The University of Hawaii Honor Code applies to all participants of any PACE activity. While every effort will be made to preserve the confidentiality of each submission, it is suggested that highly sensitive material be excluded from the entry if a team is concerned about the confidentiality of such material. Note, however, that teams will be making final presentations to an open audience. Of course, technical drawings and formulae need not be shown at this presentation, or even included in the video. The University of Hawaii and the organizers of the challenge cannot take further responsibility to protect the intellectual property or other rights of the competitors. Protection of such rights is ultimately the responsibility of each competitor. Competitors are urged to mark as "CONFIDENTIAL" any portion of their entries, which they consider to be confidential. The organizers, judges, and other affiliates of the Challenge will NOT enter into non-disclosure agreements with entering teams.

PRIZE

All team members must be present for the live pitch round and the awards reception or risk forfeiture of prize. Prize money will be disbursed in accordance with university policies. All federal and state taxes are the responsibility of the winners.