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2021 Innovation One Challenge

Rewarding the best and brightest business and innovation ideas in the region

Innovation One and Fifth Third Bank invite regional residents to participate in the Innovation Challenge presented by Fifth Third Bank. The challenge is open to all community members, associated with Trine, including high school and college students, faculty and staff.

Unrestricted Cash Prizes will be awarded for each category.

Challenge Participant Prizes - Business and Innovative Invention:

Technology Innovation
1st     $3,000
2nd   $1,000

Entrepreneurial Business
1st     $3,000
2nd   $1,000

How to Apply

Applicants must submit their pitch deck and executive summary following the exact specifications outlined below.  Failure to do so will lead to immediate disqualification.

Provide a 10-point pitch deck following the exact order and number of slides below:

  1. Title Slide
  2. The Problem
  3. The Solution
  4. Market Size
  5. Competition
  6. Business Model
  7. Marketing and Sales
  8. Future Milestones
  9. Team
  10. Ask and Use of Funds

Provide a one-page executive summary covering the following topics in the exact order listed below:

  1. Problem
  2. Solution
  3. Market Size
  4. Competition
  5. Business Model
  6. Marketing and Sales
  7. Progress to Date
  8. Future Milestones
  9. Team

Innovation Challenge Timeline

Event to be held Thursday, April 15, 2021
Entry deadline has passed for 2021

Summary of Selected Rules
The clarity and descriptiveness of each submission will make a difference and enhance chances of becoming a finalist.

  1. No entries involving tobacco, firearms or drugs.
  2. Nothing that is deemed dangerous or of questionable ethics by the committee will be allowed.
  3. Entries can be individual or team.
  4. Grand prize winners are not eligible for other awards.
  5. Innovation Challenge and Fifth Third Bank offers unrestricted cash prizes of $8,000.
  6. Applicants must submit a 10-Pitch Deck and One-Page Executive Summary following the exact specifications outlined.
  7. Any material needed to present is allowed, including working prototypes, diagrams, etc.
  8. Committee has the right to disqualify entries.
  9. One entry per individual or team.
  10. Decision of Judging Committee is final.
  11. Project submissions will be accepted through ten consecutive business days before the date of the event.
  12. Intellectual property rights will be retained by owner of the idea/project.
  13. The Innovation Challenge is open to all regional community members in the greater tri-state area, and Trine University’s authorized high schools, college students, faculty and staff.

Contact Jason Blume at blumej@trine.edu with any questions regarding Innovation Challenge.

Innovation Challenge presented by:

Fifth Third Bank