Philips Innovation Award seminar

 

The Philips Innovation Award (PHIA) is a competitive platform for student entrepreneurs with an innovative idea. We give students the opportunity to develop their idea and start their own business. All participants will get personal feedback, practice important skills, receive coaching, and build a network of fellow young entrepreneurs. The winner of the PHIA wins a price with a value of €50,000!

 

The competition starts in the ‘Idea stage’. In this stage, seminars throughout our country will be hosted. In these seminars, participation in the Philips Innovation Award starts by submitting your idea of ±100 words. The 10 most original ideas will already be rewarded with €100! In the ‘Developing Stage’, your idea will be transformed to a one-page executive summary, after which it will become a business plan. This will be done with help from our business panel. All participants receive webcasts as well a personal feedback. A marketplace will be hosted in the ‘Refining stage’. On this amazing event, you will pitch your idea and show your business plan to potential investors, inspiring speakers and our business panel. A coaching day will be provided to improve your skills! In the ‘Final stage’, finalists will be prepared for their final challenge: winning the €50,000 prize!

 

The PHIA organises one seminar in Delft in cooperation with YES!Delft Students. In this first round, an inspiring guest speaker will be present, a beer felt contest will be held, and you have the possibility to pitch your idea! The best pitch will win a Philips Wake-up light.

 

Join us on Tuesday November 17th at YES!Delft at 18:15, write down your business idea and win! Do not forget to register via the 'register' tab in the side menu!

 

When:        November 17th 

Where:      18:15 - 20:30

Location:   YES!Delft

 

 

 

 

Programme

 

 

   18:15 – 18:30     

 

   Walk-in

 

   18:30 – 18:40

 

   Introduction of PHIA

 

   18:40 – 18:45

 

   Introduction of YES!Delft Students

 

   18:45 – 19:00

 

   Guest Speaker: Teije Smittenaar, Concerncontroller at Port of Rotterdam

 

   19:00 – 19:05

 

   Introduction beer felt contest and ‘Pitching Competition’   

 

   19:05 – 19:15

 

   Beer felt contest

 

   19:15 – 19:45

 

   Pitches

 

   19:45 – 20:00

 

   Questions & Answers and Award Ceremony

 

   20:00 – 20:30

 

   Drinks

 

 

 

Participation Rules

 

General rules

1 - Participation is free of charge.

2 - Participation is open to teams with an innovative idea for a business, and to teams who already have set up a business within the last 3 years.

3 - Teams consist of a minimum of one and a maximum of 7 members.

4 - Teams must at all time meet the “Requirements for teams” from the moment of participation until and including the final.

5 - The submitted idea and business plan must meet the “Requirements for the idea and business plan”.

6 - Teams can sign up for participation during the Idea Stage (28 September – 23 November).

7 - Teams that have reached the (semi-)final in a previous edition of the Philips Innovation Award are not allowed to participate.

 

Requirements for teams

1 - Members of the teams must be the owner of the idea or, if a business based on this idea has already been founded, must be directly in charge of the business (as founder/owner, board member, director or any comparable role).

2 - At least half of the team members (round off upwards) must be student. A team member is considered as a student if he or she meets one of these requirements:

a. He or she is enrolled in or admitted to a university, HBO or MBO educational institution (or a comparable institution in another country), or has ended his or her enrollment with above mentioned institutions within the last 3 years.

b. He or she is currently a PhD-student at a university.

3 - Maximum age for team members is 28 throughout the whole cycle of the award

 

Requirements for the idea and business plan

1 - The idea of the team is original, which means that the idea does not form the basis of another business at the moment of participation unless it meets the description of rule 1 under requirements for teams.

2 - The idea or business plan may not include or use rights that do not belong to the participant.

3 - Plagiarism in the submitted idea and/or business plan leads to immediate exclusion of the Philips Innovation Award.