kellogg innovation network kin prize information session january 12, 2012
TRANSCRIPT
Kellogg Innovation Network
KIN Prize Information Session
January 12, 2012
Welcome & Agenda
• Greetings from Professor Rob Wolcott, KIN Co-Founder
• Intro to 2012 KIN Prize
• Competition Rules
• Q & A
What is KIN?
KIN is a global network of visionary leaders committed to building global prosperity through innovation
KIN Highlights
2010 KIN Summit – Highlights Video
Carlos Dominguez, Cisco SVP – View Speech
The KIN Prize
The Prize funds bold action plans that support KIN’s mission of building global prosperity
What’s an ‘action plan’?
Business plan
Viral video
Nonprofit organization
Social business
New Algorithm
2012 Campaign Poster?
Overview
• When/where does competition take place?• Held at KIN Summit, May 30-June 1, 2012• Allen Center – Evanston, IL
• What is the award amount?• $100,000 will be split among four finalist teams• Winner will be determined by votes of KIN delegates at summit• Winner receives amount received through voting, plus difference
• Who can compete?• Minimum team size of two, no maximum number• At least one NU student enrolled in a degree seeking program • Teams are encouraged to have a mix of students and professionals
Why you should enter?
• Significant financial award and recognition • Mentoring from executives and VC
professionals (for finalists)• Opportunity to attend the KIN Global Summit
and become part of a community of innovators– Max 4 people/team attend as delegates– Full team participates in presentation
The Selection CriteriaImpact
– People: global prosperity– Profit: financial return– Planet: environmental impact– Plans may address one or more categories of impact– Impact must be quantified using metrics chosen by the team
Innovation– Creativity of Solution: solution addresses a challenge in an innovative way (WOW
factor counts…)Implementation
– Well-defined implementation roadmap • How goals will be achieved and major obstacles overcome• How progress towards ultimate goals will be monitored• Proof points help
– Management team: team is capable of carrying out proposed concept
Application process• Executive Summary – Due Midnight February 10
o Max 3 page, covering (1) the problem, (2) the proposed solution, (3) the strategy), (4) specific social or environmental targets/goals , (5) a brief background on the team members.
o Semi-finalist teams announced on February 25o Nine teams selected to compete in semi-finalso Teams present to KIN Prize Committee on March 5-7 (15 presentation + 15
minutes Q&A)• Finalists – Teams announced on March 9
o Four teams selected to compete in the final roundo Each team is assigned an advisor in preparation for presentation at KINo Conduct “dry run” with review committee week before KIN Global Summit
• Finals – May 30- June 1o Poster booth of venture to be displayed and manned by the team at the KIN
Global Summito 10 minute presentation at the KIN Global Summit (full team)
Questions?
Jeff Berens [email protected]
Peter [email protected]
NOTE: Official Rules and FAQs will be released following info session
END