Koch Innovation Challenge 2024
Wichita, Kansas
- Business application deadline
- April 19, 2024
- Judge sign-up deadline
- April 19, 2024
- Entry fee
- Free
Description
The Koch Innovation Challenge, sponsored by Koch Industries, is an annual competition that will support the WSU College of Engineering in fostering a culture of creativity, innovation, entrepreneurship, and teamwork among students.
Multidisciplinary teams of students who participated in the Shocker Design Experience program work to identify a problem in the community that can be solved using technology. In a fall first-year seminar course, teams begin the design thinking method by interviewing customers to build empathy and understand their customer's need, they define their customer's challenge, and then ideate possible solutions by researching the market. In a spring applied course, teams build a working prototype, test their prototype, get customer feedback, and then pitch their idea to a panel of judges at this Koch Innovation Challenge competition.
This competition is the WSU version of the hit television show Shark Tank, where judges are looking to "invest" in great ideas that have the potential for commercialization.
Awards will be given for Best Video, Best Prototype, Best Business Model Canvas, and Best Live Elevator Pitch. The overall winning team will advance to a national elevator pitch competition.
This event is free and open to the public. Visitor parking is available near the Rhatigan Student Center and in the parking garage.
Multidisciplinary teams of students who participated in the Shocker Design Experience program work to identify a problem in the community that can be solved using technology. In a fall first-year seminar course, teams begin the design thinking method by interviewing customers to build empathy and understand their customer's need, they define their customer's challenge, and then ideate possible solutions by researching the market. In a spring applied course, teams build a working prototype, test their prototype, get customer feedback, and then pitch their idea to a panel of judges at this Koch Innovation Challenge competition.
This competition is the WSU version of the hit television show Shark Tank, where judges are looking to "invest" in great ideas that have the potential for commercialization.
Awards will be given for Best Video, Best Prototype, Best Business Model Canvas, and Best Live Elevator Pitch. The overall winning team will advance to a national elevator pitch competition.
This event is free and open to the public. Visitor parking is available near the Rhatigan Student Center and in the parking garage.
Schedule and key dates
4/19/24 - Video Elevator Pitch (entry into the competition, required for Engineering+ Credit/Applied Learning Experience Credit)
5/3/24 - Live Elevator Pitch Event at the Rhatigan Student Center in the Ballroom. 9:00-11:00 AM, Awards Ceremony at 11:30 AM.
5/3/24 - Live Elevator Pitch Event at the Rhatigan Student Center in the Ballroom. 9:00-11:00 AM, Awards Ceremony at 11:30 AM.
Organized by
Samantha CorcoranDate and time
Address and location
1845 FairmountWichita, Kansas 67260
Components
Business Model Canvas
Judges will be looking for a detailed business model canvas that explains what i...
Weight: 25%
Edit Business Model Canvas
Live Elevator Pitch on 5/3/24
The Elevator Pitch is a 90-second oral speech pitching your team's prototype to...
Weight: 25%
Edit Live Elevator Pitch on 5/3/24
Video Production
Judges are looking for high quality videos that demonstrate the use of a storybo...
Weight: 25%
Edit Video Production
Prototype
Judges will evaluate your team's prototype as seen in the video elevator pitch....
Weight: 25%
Edit Prototype