Is there a better way to practice business pitches than presenting to potential investors? On Wednesday, January 30, IDEA: Northeastern’s Venture Accelerator (IDEA) held Pitch-a-thon, an event that offers IDEA’s ventures the opportunity to pitch their up-and-coming companies to a panel of investors. While the 19 ventures had very different business plans and models, each relayed the same message: they are dedicated, serious and could be very successful with the help of external investment.
The five-minute pitches spanned a variety of industries, including medical innovations such asBiolom, Inc. and Akrivis Technologies, LLC and mobile technology platforms like Presskit.toand PreApps, LLC. Each venture took a different approach to their pitch, and all were engaging and creative.
While Pitch-a-thon is a valuable event for IDEA’s ventures as practice for future business pitches, it is also a very rewarding event for investors and other members of the Northeastern and IDEA communities. The investors were asked to rate the Quality of Pitch and Quality of Concept for each venture, which provided all with beneficial feedback. Presskit.to was ranked highest for Quality of Pitch with a 4.2 out of 5, and Biolom, Inc was the winner for Quality of Concept, also with a 4.2 out of 5.
Northeastern’s President Aoun stopped by and was impressed by the quality of the pitches he heard. While it is well-known that Northeastern values its innovative and experiential learning environment, President Aoun appreciated the extra value that IDEA provides, and urged ventures to “keep doing what you’re doing.”
Chris Wolfel, the CEO of IDEA, was very pleased with the event’s outcome: “The turnout at Pitch-a-thon shows exactly how far IDEA has come over our three-year existence. It was great to see 25 investors come out to see the 19 incredible pitches of our ventures. We look forward to seeing where these ventures and the IDEA program will go in the future.”
If you would like any information regarding the ventures involved with Pitch-a-thon or IDEA: Northeastern’s Venture Accelerator, please do not hesitate to contact Chris Wolfel.