Economic Development Department launches annual Reverse Pitch Competition
The Economic Development Department has launched the annual Reverse Pitch Competition.
Unlike a regular pitch competition, which involves participants presenting their business idea to potential investors, Reverse Pitch participants engage in problem-solving regarding a pain-point, or a challenge, using technology. They present their solution, or pitch, to a panel of industry judges.
The Reverse Pitch Competition is open to students, who form a team and register through their schools.
Instructions to do so can be found on the Reverse Pitch website.
Teams are led by a school-assigned, adult supervisor who guides them along the way.
An industry expert is also assigned to mentor each team and assist with industry knowledge, problem-solving methodologies, and project-management skills to help develop the team’s solution.
This year’s challenges, as is usually the case, are technical pain-points that are confronted on a day-to-day basis:
1. How can we make it easier for the everyday traveller on Bermuda’s roads to know which bus route to take and at what time?
2. How can we implement a system that will allow fans to turn on and off depending on a room’s temperature to make sure that the indoor space stays cool?
3. How can the everyday person mine cryptocurrencies without an expensive and energy-inefficient set-up?
The deadline to submit a team application online is September 19 and a solution must then be submitted for the selected challenge by October 17.
School teams will then pitch their solution to a panel of industry experts in a preliminary round October 20. The top teams will then present their solution during the Tech Education Day event October 31 and the top three winners will be announced.
Prizes and bragging rights are available for the winners.
Ray Jones, Director of the Economic Development Department, said: “I am looking forward to hearing the innovative solutions that this year’s participants will pitch. It is important for students to not only learn about technology but for them to also be given the opportunity and guidance to apply this knowledge in the real world.
“The Reverse Pitch Competition will allow them to develop both their technical and soft skills, which will benefit them in their future careers – whether in the tech industry or otherwise.”