3P Competition Guidelines

Entry & Submission Criteria

• Teams to be made up of 1-6 students enrolled in a UTS degree (undergraduate, postgraduate and HDR);
• All team members must be enrolled at the time of registration
• New and innovative products, ideas or services at any developmental stage may be submitted as the basis for the 3Pitch. Ideas/startups must not be earning revenues at the time of registration  
• Intellectual property (IP) associated with the project will remain with the teams;
• Your team will be disqualified if there is any evidence of copyright infringements or plagiarism;
• Teams must identify themselves using team member’s names, and student ID numbers on their submission;
• All five sessions are to be attended by a member of the team to be considered eligible for prize money.  
• Submission deadlines must be strictly adhered to, late submissions will not be accepted for consideration; it is the responsibility of participants to ensure that they send their submission by the deadline and submitted to the designated online portal. 
• Participants enter the competition with the knowledge that due to the nature and size of the competition, individual feedback, scores and analysis of submissions is not possible.  
• Participants enter the competition with the knowledge that photos, videos and other recordings may be taken of them for the purpose of the competition and for reporting, marketing, promotional and internal purposes.
• Participants are to submit their 3Pitch on Canvas. 
• The judges decision is final and cannot be appealed against

Consultation Sessions Guide

Session 1: Idea Generation

• What are the key societal, work/study related problems/issues that annoy you – list them
• Ask the question; is this a global/domestic and/or personal problem/issue?
• If they are global or at least domestic problems/issues what are the solutions to them?

Session 2: Idea Selection

• So you have a number of ideas – has anybody else thought about solving them?
• Can you have a better/more efficient solution?
• Can you protect your intellectual properly?

Session 3: Implementation and Financing Consultations

• Do a competitor analysis on your idea
• Research and document the possible market size and scalability of your ides
• Is it financially viable?

Session 4: Draft 3Pitch

 All teams should be able to answer all the following questions
- Overview: the problem and solution
- Key details of about the product or service
- Market Analysis
- Marketing Strategy
- Financial Plan – including investment required and expected return
- Management/Personnel Summary
- start-up costs, projected sales, personnel plan, start-up funding, projected profit and loss statement, projected cash flow statement and projected balance sheet

3Pitch Assessment Criteria

The 5 shortlisted teams will be announced on the night of the 3P finals Pitch Night.  There will only be 1 round of pitches. 

1. Quality of the idea – 25% weighting

a) What problem does your offering solve?
b) What is your product or service offering and how does it work?
c) What is the market for this idea?
d) What is your unique value proposition and why does your offering solve the problem better than its potential competitors?
e) Can the associated intellectual property be protected?

2. Implementation of the idea in a business context - 25% weighting

a) How will you market the offer?
b) What is the intended manufacturing or service delivery process?
c) How will it be distributed or provided?
d) Is there any environmental impact associated with the product or service?
e) What are the key strengths/weaknesses of the team proposing the idea?

3. The investment (from a potential investor's point of view, would I put my money into this?) - 50% weighting

a) How much investment is required?
b) How will your business make money?
c) What return on investment is forecast?
d) How long will it take to pay back the investment?
e) What are the key risks as you see them and how do you intend to mitigate against those risks?