HackMines Innovation Challenges
The 2018 HackMines Newmont Innovation Challenge:
Final Pitches, Innovation & Design Awards,
and E&I Interest Group Alumni Reception
THURSDAY, APR. 26, 2018
3 – 4 p.m. | Newmont Challenge Finalist Pitches
4 – 5 p.m. | Innovation & Design Awards Ceremony
5 – 6 p.m. | E&I Alumni Interest Group Reception
Lockridge Arena, Student Recreation Center
1651 Elm St.
Golden, CO 80401
The Final Pitch Competition for the HackMines Newmont Innovation Challenge is your chance to see the innovations the finalist teams have been working on over the past few months. In this hour long event, you’ll hear student pitches and see their prototypes as the teams compete to earn funding from the $50,000 Newmont Innovation Fund.
Following the pitch competition is a short awards ceremony where the winning teams will be announced, along with the winners of the 2018 CECS Capstone Design@Mines Showcase (formerly known as Senior Design) and the winner of the Innovator of the Year Award.
All Mines alumni and friends are invited to attend the whole afternoon or just the E&I Alumni Interest Group Reception, as your schedule allows. We hope to see you there!
|2/3||9am-6pm||First Chance Innovation Competition||BB W280/250|
|2/7||5-7pm||Second Chance Innovation Competition||BB 125|
|2/26-3/9||Traxion Incubator Program||Traxion|
|3/30||Traxion Pitch Competition||Traxion|
|4/26||3-4pm||Final Pitch Competition
All Welcome to Attend
Innovation Competition Winners, Senior Design Showcase Winners, & Innovator of the Year
All Welcome to Attend
|5-6pm||Reception Hosted by the Mines Alumni Association||Lockridge Arena|
COMPETITION RULES & INFORMATION
Registration & Entry Information
COMPETITION ENTRY PERIOD. Students may enter the competition until it begins at 9 AM on February 3, 2018 in Brown Building, room W250. The competition is expected to end by 6 PM. The Competition is open to undergraduate students at Mines who attend for the duration of the Competition Entry Period and comply with these Competition Rules.
HOW TO ENTER. You may enter the Competition at any time up to the start of the Competition on the Mines Innovation website (https://innovation.mines.edu/hackmines/) or in-person at the Competition in Brown Hall, Colorado School of Mines and registering and forming a team of no less than three (3) individuals and no more than six (6) individuals (each, a “Team”) to compete. There is a limit of one Competition Entry per person during the Competition Entry Period. Entrants cannot register on more than one team.
The competition will be held on Saturday, February 3, 2018. All participants will hear from mining experts about the relevant challenge areas. Teams will be given time to ideate innovative solutions in an area they find of interest and create simple prototypes. Teams will also receive training during the day on how to build a short presentation, and then “pitch” their idea to a panel of judges. Prizes will be awarded in several categories during and at the end of the day. Up to seven winning teams will be selected to have the opportunity to continue beyond the Saturday’s activities and work on their idea into the spring 2018 semester.
Entrepreneurship & Innovation Training
If a Team is selected to continue in the Mines Innovation Competition, your team will be provided a mentor and you will be given access to $1,000 that will help you refine your prototype, team-build, attend workshops on business and entrepreneurship and tour mining operations. Your team will be invited to participate in a six-week course of Entrepreneurship training at a local incubator and then participate in the final competition for the Mines Innovation Prize in May, 2018.
Final Pitch Competition
WINNER SELECTION PROCESS: On April 26, 2018, finalist teams will be required to present and demonstrate the strength of their proposed solution. A panel of judges (the “Competition Judges”) will be appointed by the Competition Sponsor to judge the Teams.
Teams will be judged by the Competition Judges on the basis of the following criteria:
- Overall Desirability – Strong Problem Statement, Creative and Innovative Solution, and Clear Value Proposition
- Product Validation – Prototype demonstrates value proposition and technical viability of product, prototype testing was used to quantify the value proposition
- Market Validation – Evidence of well-defined target market(s) who would readily purchase the product/service
- Financial Viability – evidence that product/service can be effectively & economically manufactured
Each Team will be given a score (the “Score”) by the Competition Judges. The Teams with the top three (3) Scores will be selected as eligible winners of the Prizes.
All participants (including prize winners) will be eligible for additional funding from the $50,000 Newmont Innovation Fund. Funds may be requested on a case-by-case basis from the Center for Entrepreneurship and Innovation for the development of projects related to the Competition’s themes. Additional information about the availability of funding and proposal preparation will be provided at the Demo Day.
Additionally, the following prizes will be awarded in the Mines Innovation Competition Demo Day on May 4, 2018:
- First Place Prize:
- $2,500 (split equally between members of the winning Team) and access to up to $7,500 in grants to promote the development of the prize. All funds must be requested within 1 year of award;
- A set of four Silver Medals (1 oz. silver coins) presented to the winning Team; and
- a Team lunch with an executive of the Competition Sponsor.
- Second Place Prize:
- $1,500 cash (split equally between members of the winning Team); and access to up to $3,500 in grants to promote the development of the prize. All funds must be requested within 1 year of award; and
- a set of four Silver Medals (1 oz. silver coin each) presented to the second place Team.
- Third Place Prize:
- $1,000 cash (split equally between members of the winning Team) and access to up to $2,500 in grants to promote the development of the prize. All funds must be requested within 1 year of award;
- A set of four Silver Medals (1 oz. silver coin each) presented to the Third Place Team; and There is a maximum of one (1) Third Place Prize to be won.
- Participation Prizes:
One set of four Silver Medals (1 oz. silver coin each) given per team. A maximum of four Participation Prizes will be available and full participation in all parts of the competition is required to be eligible for any Prize.