GET INVOLVED

GET INVOLVED

Pitch For $K – Be a Mentor!

In order to help the participants of the Pitch For $K competition expand their entrepreneurial network, each finalist is paired with a mentor as they prepare for their pitch. As a mentor, it is asked that you commit to a minimum of 3 hours to work with your assigned finalist. Sessions with your finalist can take place via phone, video call or in-person (if comfortable).In addition to your mentorship, the finalists are required to participate in a pitch clinic facilitated by the University of Flint’s Innovation Incubator and bring their idea through the 100K Ideas process, to prepare for their pitch.

Objectives:

As a mentor, your primary objectives are to:

  1. Assist with fleshing out the problem, solution and need of their idea.
  2. Provide insight and feedback on pitch presentation.
  3. Provide connections and knowledge to assist with moving their idea forward.

Assessment Questions:

To help your finalist flesh out their idea, here are a few questions that may be helpful to ask:

  • What problem are you trying to solve?
  • Do you have any patents, trademarks or copyrights around your idea?
  • What does your idea do and how does it do it?
  • Who is the purchaser?
  • What is the end user?
  • What differentiates your idea from existing solutions?
  • Current revenue stage? (pre-revenue, break-even, profitable)
  • Who are your competitors?
  • What is the market research – is there a need for this?
  • How will your idea make money?
  • What will you do with the prize money?