Students must form a team around an idea for a business, including both hardware and software products and solutions. All teams must have a minimum of one NYU-Poly student per team. All entry forms declaring your participation in the competition must be filled out via the online submission form no later than February 15, 2013.
The competition challenges NYU students to validate, prototype and pitch commercially-viable ideas for real world problems. The competition will be broken up into three stages with teams divided into two entry categories: software applications and hardware applications. The goal of Inno/Vention is to foster the development of student ideas into commercially viable entities. Through weekly sessions, entrepreneur’s office hours, mentorship and faculty support teams will be put through a 10-week progressively intensive program to build on their initial ideas.
During the ProtoTest stage and for the remainder of the competition, teams will be required to work with a faculty mentor. Faculty mentors can be nominated by the team or they have the option to work with Incubator Faculty Engineers-in-Residences (EIRs) or faculty members that already volunteered their time as part of the competition.
Prizes are awarded to teams making it through each stage of the competition, including an opportunity for all teams to receive a prize that present at the final Demo Day.