4. IDEATHON PRE-SCREENING
Out in the world of venture capital, a successful elevator pitch is crucial to pique an investor's curiosity and sets the stage for possible investment. To help PIET students master the art of elevator pitches, the pre-screening round was conducted on 18th and 19th of January, 2022. Teams were given 1.5 minutes each for their pitches and they were judged on the basis of the following criteria:
● Idea: Is it unique? Is it feasible? Is there a need for something like this?
● Business Model & Impactfulness (Indian SDGs and AtmaNirbhar Bharat)
● How well the team communicated the idea to the jury in the given time?
● The research done by the team.
This round was judged by Dr. Vijay Athavale, Dean of Engineering, PIET and a team of Entrepreneurs in Residence from India Accelerator. Out of 50 ideas presented, top 21 were selected for a final screening round. The teams were given one on one mentorship regarding their business models, idea, pitch, etc. before the final round.