Fiten

FiTEN SACRAMENTO 2023

Fill out the online registration form here

Are you a young entrepreneur with a brilliant business idea?
Join the FITEN’s Global Youth Business Pitch Competition and turn your vision into a reality!
This business competition is open to all youths aged 8 to 22 who have an innovative business plan
This is your chance to showcase your entrepreneurial skills
Registration is open until June 22, 2023 11:59 PM PST
To register, simply submit your business plan and a two-minute video pitch explaining your idea. Don't worry if you don't have a fully developed plan yet. We welcome rough drafts and ideas in the making
The finalists will present their business pitch to a panel of judges on June 30, 2023, in Sacramento, CA.The contestant will get valuable feedback, and network with other young entrepreneurs. The shortlisted finalists will be notified by email.
The winner will receive cash prize plus free business coaching, mentorship, and access to investors. The top three finalists will also have the chance to showcase their business ideas to a wider audience and gain exposure
The Youth Business Pitch Competition is a great opportunity to learn, grow, and network with like-minded individuals. Don't miss out on this chance to turn your ideas into a successful business

Join us on June 30, 2023, and let's turn your dreams into a reality!

The contesting youth team should meet the following eligibility criteria

The student founders currently should be enrolled in a recognized educational institute
Student-driven, student-created and/or student-managed (External board advisors can be included)
The Business pitch can fall into one of the sectors like socio-economic impact, agriculture, education, health and climate change

The designated leader of your startup team should complete the simple online application by (One application per team)

Fill out the online registration form here

There are no fees to apply or to compete
Once an application is submitted, no changes can be made except withdrawal
The online application must be completed by June 22, 2023 at 11:59 PM PST
Finalists will be notified via email or phone on or before, June 23, 2023 11:59 PM PST
The students must present the final Youth Business Pitch to judging panel/potential investors on June 30th 2023 at Sacramento, CA
Travel and boarding expenses will not be covered
The judging panel's decision will be final

An executive summary is mandatory and it should follow the following guidelines

Submit files in PDF. No other formats will be accepted
Length should be at least 2 pages and not more than 5 pages
The cover page and appendices do not count toward the 5-page total
Should include your team name in the footer of every page
Do not mark your executive summary as confidential. Otherwise, it may not get screened!

We recommend the following information in your executive summary

Company summary: Describe in the problem the startup company is addressing, the technology solution, product, or offering, and who are the potential customers. (1-2 paragraphs)
Customer analysis: Explain who the potential customers are and what problem you are solving. Describe any customer/market validation (i.e., what evidence do you have that customers will pay for the product)
Market analysis: Describe the market size, targeted segments and potential market share
Product or service: Describe the current state of development of the product or service and any technology validation to date (i.e., what evidence do you have that the technology works)
Intellectual property: Provide status of patents, licenses, or other IP (if applicable)
Competitive advantage: Explain the competition and show what makes this startup better than competitive alternatives
Company Founders, Management team and/or advisor: All current college-going students include brief bios of the startup founder to show how this team has the expertise to successfully launch a startup (including relevant experience)
Financials: Provide a 3-5 year projection of revenue, profit and cash flow amount of investment you are seeking and use of funds

Each team will submit an optional 30 to 120 second video elevator pitch as part of the online application. This is encouraged but not required; it is seen as supporting evidence for the application
Upload your video to YouTube or Vimeo, and paste the link into the appropriate field in the application
Ensure the YouTube or Vimeo settings include permission to embed the video on an external site If you wish to restrict viewing, you may set the privacy settings to "Unlisted" (but NOT "Private")
The focus should be on your presentation and content, not on video production quality

For student founders, this FiTEN's first-ever "Youth Business Pitch Competition" offers real world opportunities to learn what's required to successfully launch a new business