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KIN Prize Information Session. January 12, 2012. Welcome & Agenda. Greetings from Professor Rob Wolcott, KIN Co-Founder Intro to 2012 KIN Prize Competition Rules Q & A. What is KIN?.

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Presentation Transcript
welcome agenda
Welcome & Agenda
  • Greetings from Professor Rob Wolcott, KIN Co-Founder
  • Intro to 2012 KIN Prize
  • Competition Rules
  • Q & A
what is kin
What is KIN?

KIN is a global network of visionary leaders committed to building global prosperity through innovation

kin highlights
KIN Highlights

2010 KIN Summit – Highlights Video

Carlos Dominguez, Cisco SVP – View Speech

the kin prize
The KIN Prize

The Prize funds bold action plans that support KIN’s mission of building global prosperity

what s an action plan
What’s an ‘action plan’?

New Algorithm

Business plan

Nonprofit organization

2012 Campaign Poster?

Social business

Viral video

overview
Overview

When/where does competition take place?

  • Held at KIN Summit, May 30-June 1, 2012
  • Allen Center – Evanston, IL

What is the award amount?

  • $100,000 will be split among four finalist teams
  • Winner will be determined by votes of KIN delegates at summit
  • Winner receives amount received through voting, plus difference

Who can compete?

  • Minimum team size of two, no maximum number
  • At least one NU student enrolled in a degree seeking program
  • Teams are encouraged to have a mix of students and professionals
why you should enter
Why you should enter?
  • Significant financial award and recognition
  • Mentoring from executives and VC professionals (for finalists)
  • Opportunity to attend the KIN Global Summit and become part of a community of innovators
    • Max 4 people/team attend as delegates
    • Full team participates in presentation
the selection criteria
The Selection Criteria

Impact

  • People: global prosperity
  • Profit: financial return
  • Planet: environmental impact
  • Plans may address one or more categories of impact
  • Impact must be quantified using metrics chosen by the team

Innovation

  • Creativity of Solution: solution addresses a challenge in an innovative way (WOW factor counts…)

Implementation

  • Well-defined implementation roadmap
    • How goals will be achieved and major obstacles overcome
    • How progress towards ultimate goals will be monitored
    • Proof points help
  • Management team: team is capable of carrying out proposed concept
application process
Application process
  • Executive Summary – Due Midnight February 10
    • Max 3 page, covering (1) the problem, (2) the proposed solution, (3) the strategy), (4) specific social or environmental targets/goals , (5) a brief background on the team members.
  • Semi-finalist teams announced on February 25
      • Nine teams selected to compete in semi-finals
      • Teams present to KIN Prize Committee on March 5-7 (15 presentation + 15 minutes Q&A)
  • Finalists – Teams announced onMarch 9
    • Four teams selected to compete in the final round
    • Each team is assigned an advisor in preparation for presentation at KIN
    • Conduct “dry run” with review committee week before KIN Global Summit
  • Finals – May 30- June 1
    • Poster booth of venture to be displayed and manned by the team at the KIN Global Summit
    • 10 minute presentation at the KIN Global Summit (full team)
questions
Questions?

Jeff Berensjberens2013@kellogg.northwestern.edu

Peter Weyrens

pweyrens2012@kellogg.northwestern.edu

NOTE: Official Rules and FAQs will be released following info session