TREP Expo is coming Nov. 15, 2018. All students, faculty, staff and alumni are invited to submit their best venture concepts.
You might have a lot of questions about what to expect and what to prepare. It is important not only to have an innovative idea, but also to have a strong foundation for your venture. So, in this article, we’d like to share some tips that can help you to excel at the TREP Expo.
Attend a workshop
The Center for Entrepreneurship is hosting several workshops on campus to help students prepare for the Trep Expo. Workshops will be held on Sept. 18, Oct. 9, and Nov. 6, 2018. Center for Entrepreneurship will start with providing information about the TREP Expo, how to develop a business model canvas, and how to pitch your idea. Check the Center for Entrepreneurship website for more workshop info.
Focus on the problem your venture solves
Your venture should solve a unique problem and be original. A lot of people make mistakes focusing on the solution instead of truly understanding the problem. It is important to know how your customers feel about the problem in order to find right solutions for them. Also, make sure to do your research to find similar products or inventions and how you can improve what already exists or create something that hasn’t been done before.
Perfect your pitch
A good elevator pitch should include the problem you are solving, how your idea or product solves that problem and what makes your idea or product different from what already exists. Studies show that you typically have a minute or less to catch someone’s attention, so a good pitch should get to the point immediately. A good pitch should make your potential investor or customer care about what you do and provide a call to action on how to get involved or support your endeavor.
Make your presentation stand out
While there is no standard model for what your presentation should look like, students must have a poster to display information about their venture. They are also encouraged to provide accompanying visuals, such as laptops, prototypes and handouts. It will not only help your audiences to understand your idea more easily, but it will also show how serious and passionate you are about your idea.
Have an open mind
Even if your venture doesn’t win an award, take advantage of the networking and learning opportunities from meeting judges whose business experience spans across a wide variety of industries. It is your first step toward your goal. It will open doors for you to learn more about entrepreneurship and grow your entrepreneurial mindset. You will get a lot of feedback from your audiences and judges during the TREP Expo. It will guide you to take the next step for your business and bring your idea to the next level.