Course:The ENTR 2201 Innovation Tournament

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Contents

Welcome and Introduction!

Global Entrepreneurship Week

November 17 to 23 is Global Entrepreneurship Week in Canada and around the World!

"For one week, millions of young people around the world will join a growing movement of entrepreneurial people to generate new ideas and to seek better ways of doing things. Dozens of countries are coming together for the first time to host Global Entrepreneurship Week, an initiative to inspire young people to embrace innovation, imagination and creativity. To think big. To turn their ideas into reality. To make their mark."[1]

In the spirit of Global Entrepreneurship Week, Mount Royal's Entrepreneurship 2201 students are competing in Mount Royal's very own Innovation Tournament.

This web page

This is the official web page of The Mount Royal Innovation Tournament!

It provides an agenda for the kickoff event and an introduction to the tournament. It also serves as the reference for all students on all manner of details about the tournament, so be sure to bookmark it and check back often.

Read on to learn more about our tournament, the rules, how you will be assessed and much more...

Agenda for the Kickoff Event

Jenkins Theatre, 7 PM, November 12, 2008:

1. Welcome and introduction (Carolyn)
2. Background: Stanford's Tournament (Stephen)
3. Your Challenge: The Mount Royal Innovation Tournament (Sarah)
4. Giving a good presentation (Christine)
5. Unveiling of Mount Royal's mystery item (Carolyn)

Background: Stanford's Tournament

Entrepreneurship Week provides the context for this challenge. Now let's take a look at the inspiration behind the tournament itself: Stanford University ran its first Global Innovation Tournament in 2006. In that, their first year, they introduced the idea of a challenge in which teams compete to create as much value as possible from everyday items.

For a good introduction, check out the following documentary film introducing the Stanford Competition:

Sure, sounds great. But how do I create value from an everyday object?

How does it really turn out when student teams are let loose on this sort of challenge? Check out the following incredibly motivating videos showing past winners of the Stanford competition:

You can find many more examples:

The Mount Royal Innovation Tournament

You won't actually compete in Stanford's tournament, but like that tournament, Mount Royal's is an apprentice-style competition in which you are challenged to create as much value as possible from an ordinary object.

What's the deal (FAQ)?

Who's eligible?

Working in groups of 4-5, all students taking ENTR 2201 in the Fall 2008 semester will compete in the tournament.

What's the goal?

To create as much value as possible using an everyday object (to be announced).

What's the mystery object?

That won't be announced until the end of the kickoff event. After that you can find a description of the object here.

How long do we have?

The tournament runs from November 12, 2008, to November 25, 2008:

  • The tournament start tonight
  • Every section will have two classes during which to work on their projects and during which their instructors will provide assistance
  • The semi finals will take place during your regular class time class on November 24 or 25th (see the Detailed Directions below for the schedule for your section)
  • The finals will take place on November 25

How is "value" defined?

That's a good question and one of the toughest parts of this challenge.

Since it's your job to create value out of almost nothing at all, it's also your job to decide how you're going to do it. Your team also has to decide how you'll measure the value your create and how you'll communicate that value to others.

Check out the assessment criteria for more on how this will be judged.

What do we have to submit?

Nothing other than:

  • one 3-minute video submission for your team
OR:
  • one 3-minute presentation to be made by your team

Your submission must be 3 minutes or less. If you choose a presentation instead of a video, your team must make that presentation at both the semifinals and the finals. If you choose a video instead of a presentation, it must be submitted on a DVD at the time of your section's semifinals.

Other than that, there are no rules about your submission.

Having said that, be sure to check out the assessment criteria to guide your activities and the Making a Great Presentation section below if you choose to make a presentation.

What do we get if we win?

The three top teams will get an extra 5% added their final mark in ENTR 2201.

$300 will be awarded to the top team to be directed toward a charity of the teams choosing through GiveMeaning

How will I be assessed?

As described in your course outline under "Entrepreneurial Experience Project Task 1" your performance in this tournament is worth 15% of your overall grade in ENTR 2201.

Each of your classmates will judge your team's submission using the following judging criteria:

Your instructor will obtain your 15% from the average of these results.

As discussed above, the top three teams in the finals get an additional 5% added to their mark in ENTR 2201.

Detailed Directions

To succeed in this challenge, you will need to follow these steps:

Step 1: Come to the kickoff on November 12, 2008
  • Jenkins Theatre at 7 PM
  • Learn about the tournament
  • Find out what the mystery object is
Step 2: Create as much value as possible using the mystery object
Step 3: Prepare a video (or presentation) that shares with others your process and the value you created
Step 4: Submit your video (or presentation) for judging at the semifinals:
  • The semifinals take place during your regular class time:
Semifinal schedule
Section Instructor Date
 Time
Section 001
 C. Sterenberg Nov. 25/08 9:30 to 10:50 a.m.
Section 002
 C. LeLacheur Nov. 25/08 11:00 a.m. - 12:20 p.m.
Section 003 S. Brown Nov. 24/08 9:00 - 10:20 a.m.
Section 004 S. Brown Nov. 25/08 8:00 - 9:20 a.m.
Section 005 S. Brown Nov. 25/08 12:00 - 1:20 p.m.
Section 007 C. Lelacheur Nov. 25/08 12:30 p.m. - 2:00 p.m.
Step 5: Judge your peers' submissions during the semifinals
Step 6: Attend the finals on November 25, 2008:
  • Leacock Theatre at 6 PM

Making a Great Presentation

It's easy to make a presentation. It's not as easy as it seems to make a great presentation, especially in only 3 minutes.

If you choose this route instead of a video, be sure to have a look at the following:

What's Mount Royal's mystery object?

The mystery object is paper lunch bags!

Image:Lunch_bag.jpg

Good luck!

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