Eligibility. SASEtank is open, but not limited, to everyone within the SASE community, both students and working professionals. Each individual can only enter one invention into the competition, and may do so either as an individual or as a team of two or more. In addition, all finalists must register for the 7th annual SASE National Conference on October 13th-15th, 2017. All team members must fulfill these requirements.
Registration. The Registration Application opens on November 15th, 2016 at 10 AM EST and must be submitted by February 26th, 2017, 11:59 PM EST. The application consists of a business case and video pitch.
Business Case Requirements
- Present your idea in a business case.
- Write a maximum of 650 words, upload it as a PDF file.
- Include the link to your video pitch (i.e. "Video Pitch: <YouTubeURL>" at the very end of the PDF).
- Use the naming convention "TeamName_BusinessCase." If registering as an individual, replace "TeamName" with "FirstLastName"
Video Pitch Requirements
- Pitch your idea in a video. Include an introduction of you (and your teammates, if any) and discuss the aspects of your business case.
Record a maximum of 10 minutes, using a minimum of 720 p with clear audio.
- Upload your pitch to YouTube as an unlisted video.
- Include the video link in your business case (i.e. "Video Pitch: <YouTubeURL>" at the very end of the PDF).
Invention Requirements. Inventions must be original to the individual or team. Collaboration with anyone who is not registered as a team member must be fully disclosed in the Registration Application to determine if their contribution is substantial. Software is eligible, as well as outputs from course projects or research with full disclosure regarding to the contributing resources and individuals. Prototypes are not required for the preliminary and semifinal rounds, but highly recommended. Working prototypes are required for the final round. (To learn more about the required prototypes, see our FAQ.)
Judging. Judges will have expertise in engineering, science, technology, and business. The judges will use various criteria in their evaluations.
- The Problem. What is the motive? Why is it important to solve it? What is the impact on the customers?
- The Application. What is the key concept? How much progress has been made on prototype development?
- The Innovation. Is the concept original? How does it compare to rival solutions for the same problem? Do the presenter have in-depth knowledge in the product field?
- The Market. Who is the target group? How good is the business plan?
- The Presentation. What is the quality of the introduction, punctuality and slide presentation?
In the final round, judges may also choose to consider more holistic criteria to determine the winning inventions.
- Preliminary Round. Inventors will submit a business case along with a video pitch in their Registration Application submission. Project documentation supporting the development process will also be requested. Judges will score each invention using the criteria mentioned above. This scoring provides all inventors feedback on their invention and presentation, ultimately determining which inventions will advance. We will select approximately 12 innovations to advance to the semifinal round.
- Semifinal Round. Semifinalists will pitch their ideas in a video that will be included with their Semifinal Application submission. This application will focus on the progress that has been made since the preliminary round. Project documentation supporting the continued development process will also be requested. The application deadline is June 25th, 2017 at 11:59 PM EST. Judges will score each invention using the criteria mentioned above. In addition, entrepreneurs are expected to utilize the feedback provided in the preliminary round to further develop their idea. This scoring provides all inventors feedback on their improved invention and presentation, ultimately determining which inventions will advance. We will select approximately 7 inventions to advance to the final round.
- Final Round. Entrepreneurs will present their inventions at the 7th annual SASE National Conference in Illinois. This event is open to both the public and the SASE community. Entrepreneurs have 3 minutes to pitch their idea and demonstrate their prototype to a panel of expert judges before a live audience, followed by 5 minutes of Q&A. The judges will score each invention using the criteria mentioned above, providing all entrepreneurs feedback on their improved invention and presentation. The audience will also cast their votes, and the combination of the votes will serve as one final vote. Inventors are expected to utilize the feedback provided in the semifinal round to further develop their idea. The scores will determine the 1st and 2nd place winners, and the audience vote will determine the winner of the People’s Choice Award. The winners will be announced at the Banquet Dinner.
Prizes. The 1st place winner or winning team will receive $1,000, and the 2nd place winner or winning team will receive $500. The winner or winning team of the People’s Choice Award will receive $250. If a team receives an award, the prize funds will be distributed equally among all of the registered team members. An individual or team is able to win both a ranked award and the People’s Choice Award. The prizes will be distributed at the Banquet Dinner.
If you have any remaining questions, please review the FAQ.