Ten teams of student entrepreneurs will pitch their business ideas to an audience and a panel of judges on Thursday in a bid to win the
Peter Farrell Cup.
The finalists will pitch their concept in front of judges that include founders of innovation strategy companies, and venture capital and commercialisation firms.
The Peter Farrell Cup has been running at UNSW for 14 years and is hosted by the Centre for Innovation and Entrepreneurship and the School of Management at the UNSW Business School.
The 10 final pitches will be for:
- A special fabric for sports clothing that changes colour to show the intensity of the workout
- A nano-coating to reduce infection when using catheters and prosthetics
- A system for compact hydrogen fuel storage
- An online platform for shared book reading
- A new diagnostic method for inflammatory bowel disease
- A new carbon coating for skateboards
- A paint that reduces biofilm on ships (a multi-million dollar drag on the shipping industry)
- A peer-assessment rating system for managers
- Software for research collaboration
- A mobile application for finding tutors
Peter Farrell, entrepreneur and founder of
ResMed, has supported the challenge for 14 years to stimulate and nourish the spirit of entrepreneurship and innovation in university students.
Students develop and grow new ventures based on either their own ideas and technologies or those developed by others, including faculty members.
Forty-two teams took part in the initial round of pitchfests.
They began with a synopsis of their idea, which was developed through an information evening, business plan workshop, and a pitch workshop, and working with an industry mentor. The students then pitch to potential "investors" and receive feedback to increase the chance of their ventures succeeding.
Last year's winning team was
Conscious Step (2013), which set up a website that
linked sock sales to charitable causes. The Conscious Step team went on to compete in the Hult Prize, part of the Clinton Global Initiative, pitching their idea in Dubai along with other teams from around the world. The team is now based in New York.
Judges for the 2014 Peter Farrell Cup:
The Strategy Group founder Jeffrey Tobias,
Blackcitrus COO Pezh Moradi, Steve Brodie
(NSi), James Smith, Managing Director of
Masters Academy, commercialisation adviser and founder of
cleartrack Maureen Murphy,
Meteorical's Brian Dorricott; and
Chris Jackson, head of the School of Management, Sarah Lightfoot, Director of Marketing, Admissions and Recruitment and Janine MacDonald, Director Public Affairs, from UNSW Business School.
Date: Thursday 27 November 2014
Time: 6pm – 9pm
Venue: The Galleries, John Niland Scientia Building (G19), Gate 11 Botany Street, UNSW
Media representatives interested in attending the Peter Farrell Cup Pitchfest at UNSW Business School are asked to contact Janine MacDonald
0478 492 110.