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$100K Elevator Pitch Contest delivers a first-round knockout

BY JIMMY CHEN MBA '09 AND RYAN CARAG MBA '09

Issue date: 11/18/08 Section: News
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Riccardo Signorelli, MIT PhD candidate (center w/ check and championship belt) celebrates his EPC victory with (L to R in vests) Freddy Kerrest, Ryan Carag and Jimmy Chen, all MBA 2009. Photo by I-Wen Hung
Riccardo Signorelli, MIT PhD candidate (center w/ check and championship belt) celebrates his EPC victory with (L to R in vests) Freddy Kerrest, Ryan Carag and Jimmy Chen, all MBA 2009. Photo by I-Wen Hung

The scene at the EPC Finale, Kirsch Auditorium, October 18th 2008. Photo by I-Wen Hung
The scene at the EPC Finale, Kirsch Auditorium, October 18th 2008. Photo by I-Wen Hung

The 2nd Annual MIT $100K Elevator Pitch Contest, the first in the $100K-series of three annual contests, kicked-off MIT’s Entrepreneurship Contest season with a bang. On October 18th, over 150 participants and nearly 350 attendees turned Stata Center into a hive of energy around entrepreneurship as participants shared their ideas and began forming teams. Nearly 50 MIT Sloan and MIT organizers collaborated with judges, EPC sponsors Oxford Biosciences and GM, and the 100K Gold and Platinum season sponsors, to make this year’s installment of the EPC a huge success.

$100K EPC Co-Executive-Lead, Jimmy Chen, MBA ’09, described that the wide representation from organizations around Boston and beyond included MIT / MIT Sloan, Harvard / HBS, UVA Darden, Dartmouth, BU, BC, Northeastern, MGH, Boston Children’s Hospital and even DA-IICT Gandhinagar (Gujarat) – India.

After a round of over 150 pitches and a preliminary judging round, participants and attendees flocked to the “Next Big Thing” technology showcase and networking event. The night culminated in the EPC Finale, a high-energy event bringing spectacle complete with a boxing ring, thunder-sticks and comedic videos to complement the pitches given by the finalists and to celebrate the day.

$100K EPC Co-Executive-Lead, Ryan Carag, MBA ’09, opened the boxing-themed night by likening entrepreneurs to Rocky: “They’re scrappy. No matter the odds, they still fight. They’re persistent. They get punched, knocked down, knocked out. But they get up and keep on pushing.  They’re usually the underdog.”

$100K Managing Director, Freddy Kerrest, MBA ’09, commented: “USC may have college football. Duke may have college basketball... but here at MIT, we have the $100K.”

Keynote speaker Stephen Boyer of CyberAnalytix, a finalist team at the all three 2007-2008 $100K events (EPC, ESC and BPC), backed-up the theme with his keynote: “The odds are against you… but in the $100K, you win by participating.”

Poll Everywhere, a text-message-based voting system founded by Sloanie Jeff Vyduna, provided its services for the Audience Choice Award.

Event MC, Josh Van Aaslt, MBA ’10, kept the energy high and delivered the starting chant of “Let’s get ready to rumble!” as each of ten finalists gave their pitch to the overflowed house at Kirsch Auditorium.

Paul Suthapong, MBA ’09, reached the finals with his pitch for RayMen, a team using nano-material technology from MIT to turn ordinary recycled plastic into a nano-thin film to increase insulation and energy efficiency of windows.

Riccardo Signorelli won both Audience Choice Award and the EPC Championship with his pitch for an MIT-bred nano-tech ultra capacitor which he wants to use to help quicken the adoption of wind and solar power and to replace lead-acid batteries in stop-start delivery vehicles.

The $100K now moves into the second phase of the year, the Executive Summary Contest, where the pitches will be turned into executive summaries and teams will continue to build.  More information is available at http://www.mit100k.org
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Viewing Comments 1 - 10 of 25

jeff paul

posted 2/11/09 @ 2:59 AM EST

This looks epic... I wish I had a shot at $100,000!! Who knows... maybe MIT (and a hundred grand) will be in my future.

I don't think I have the brains to think up nanotechnology ideas though. (Continued…)

Eleanor Cook

posted 2/28/09 @ 9:33 AM EST

Good information. Thanks for the post.

Andrea Godolphin

posted 2/28/09 @ 11:09 AM EST

Good information. Thanks for the post.

Wilma Walker

posted 3/07/09 @ 3:14 AM EST

I like articles like this. Great Article! Thanks!

Janet Capper

posted 3/07/09 @ 6:46 AM EST

Nice review! Thanks!

Katrina Arkwright

posted 3/07/09 @ 12:29 PM EST

I like articles like this. Great Article! Thanks!

Julia Davies

posted 3/07/09 @ 12:41 PM EST

I thought this debate was about them, as opposed to featuring them. Whoops.

Caroline Card

posted 3/11/09 @ 5:37 AM EST

Thank you for writing the article, I am very pleased with how it came out.

Wilma Tisser

posted 3/11/09 @ 5:48 AM EST

Yes i agree with you , and nice news thanks. This realy nice news , i watch for them .

Jacqueline Attwood

posted 3/13/09 @ 1:34 PM EST

Good scene, interesting post, thanks.

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