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1000 Pitches and the Innovation Lab:

1000 Pitches and the Innovation Lab: Building on Entrepreneurial Research and Teaching at Michigan. Our Research Goals. Explore the underlying structure of innovative ideas in 1000 Pitches Competition through statistical analysis

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1000 Pitches and the Innovation Lab:

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  1. 1000 Pitches and the Innovation Lab: Building on Entrepreneurial Research and Teaching at Michigan

  2. Our Research Goals • Explore the underlying structure of innovative ideas in 1000 Pitches Competition through statistical analysis • Create research-backed tools to help people more effectively construct and present innovative ideas • Contribute to research and teaching of innovation and entrepreneurship

  3. Research Setting: The 1000 Pitches Competition • Annual Competition sponsored by Mpowered • 4537 students participated in 2012 • Participants from 15 schools and colleges • Categories included tech, health, consumer • Pitches recorded as videos • Judges rated each pitch on 16 dimensions • Winners received cash prizes

  4. Data Analysis of 1000 Pitches Ratings in 2013 • Trimmed data set to 1995 pitches with 3 judges • Included all pitch categories, pooled ratings across judges, computed correlations among rating dimensions • Factor analysis to explore underlying dimensions of innovative ideas in 1000 Pitches competition

  5. Future Research Directions • Improve rubric dimensions’ reliability and validity • Explore models to establish key dimensions of winning pitches • Investigate relative importance of presentation quality vs quality and uniqueness of idea in winning pitches • Explore the role of domain expertise in judging idea quality

  6. Applications for Teaching Innovators & Entrepreneurs • Wide range of possible settings: classroom, incubator, workshops, self-instruction • Criteria can serve as benchmarks for student or project team progress & self-evaluation • Helps promote cognitive and communication skills like critical thinking and perspective taking

  7. Thank You!

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