Ontario Colleges Ontario Colleges Incubator Network
PitchIt 2022

The Ontario Colleges Incubator Network (OCIN) PITCH Competition is designed to provide support to aspiring entrepreneurs in developing and pitching their business/social innovation ideas.

Participants have an opportunity to win part of a prize pot valued at over $10,000.

About the OCIN PITCH Competiton

The Ontario Colleges Incubator Network (OCIN) PITCH Competition is designed to provide support to aspiring entrepreneurs in developing and pitching their business/social innovation ideas. Participants have an opportunity to win a portion of a CAD$6,500 cash prize pot plus one Shopify Pro account (worth CAD$4,500+).

1st Place – $2,500
2nd Place – $1,500
3rd Place – $1,000
4th Place – $500

Desjardins People Choice Award – $1,000 desjardins

Each Ontario College Incubator Network (OCIN) member reserves the right to enter two solo or group founder start-ups. Entry to the competition is at the sole discretion of individual OCIN members and their decision is final. Prizes will be awarded one per business/social innovation pitched and not per person within a team. Finalists in the competition will also be offered a 30-minute coaching session with experts from the Ontario Pitching Network (OPN) to provide advice and work with individuals/teams on creating an investor ready pitch on Tuesday, April 26, 2022.

The competition award will consist of the following

How to Enter and Steps for the Competition

1. Up to two participant companies will be selected by each academic institution’s entrepreneur incubator centre.
2. Applicants must submit a completed Business Model Canvas and 5-minute video pitch via a the OPN portal at https://opn.ninja/opn-pitchit-2022/. Pitches can be maximum -/+ 30 seconds either side of 5-minutes to be completed and submitted by 4:00 p.m., Friday, April 8, 2022. Judging rubrics will be provided to all participants.
3. Applications will be reviewed by a panel of independent advisors.
4. A selection of 8 applicants will be invited to compete in the final round by 5:00 p.m. Friday, April 22, 2022.
5. Participants in the final round will be asked to deliver a 5-minute pitch. Pitches can be a maximum of -/+ 30 seconds either side of 5-minutes. Judging rubrics will be provided to all participants.
6. Finalists will be invited to pitch their ideas at a live online event, to a panel of judges on Tuesday, May 3rd, 2022.
7. Winners will be selected and announced on Tuesday May 3rd, 2022.
8. Winners will be emailed details of prize package following announcement.

Eligibility

1. Entries can be single applicants or multiple founder partnerships.
2. The main applicant must be a current registered user of an OCIN member incubator centre.
3. Open to domestic and international students/alumni, but the intention must be to establish a business/social enterprise in Ontario, Canada.
4. All applicants must be available to present a live online 5-minute pitch live at the PITCH IT! OCIN final competition on Tuesday, May 3rd, 2022, at 2:00 p.m., to be eligible to receive prize package.
5. Applicant/Team can be at concept stage and does not need to be operating or registered at time of entry.

General Information

1. Finalists are not guaranteed prize packages.
2. Applicants will learn the identity of the final competition selection panel on day of pitch.
3. Applicants will retain ownership of all intellectual property contained in their submissions.
4. Applicants are encouraged to attend a Business Model Canvas workshop provided by OCIN members before making an entry.
5. Applicants are encouraged to attend a workshop provided by OCIN members to gain experience.
6. Scoring criteria for each element of the competition can be found in the rubrics in appendix A& B that will be emailed to all participants.

Competition Rules and Regulations

By applying to the OCIN Competition, applicants consent and agree to abide by the following rules and regulations:

1. OCIN members are not responsible for any lost, late, illegible, incomplete, falsified, destroyed, or failed entries, or for any electronic miscommunications or failures of any kind, which may limit a person’s ability to participate in the competition.
2. Each participant may only submit one business idea.
3. Deliberate or negligent misappropriation of the intellectual property of another person is an ethical breach and will be grounds for disqualification from the competition.
4. If the OCIN members are prevented from continuing with the contest by an event beyond its control, OCIN members has the right to modify, suspend, extend, or terminate the competition.
5. OCIN members reserves the right to use competition submissions, as well as photographs or video taken of competition applicants, as a group or individually, over the course of the competition, for educational and promotional purposes in perpetuity.
6. In the event of a dispute regarding who submitted an entry, the entry will be deemed to have been submitted by the authorized account holder of the email address used to submit the entry at the time of entry. “Authorized account holder” is defined as the natural person who is assigned to an email address by an Internet service provider, online service provider or other organization responsible for assigning email addresses for the domain associated with the submitted email address.
7. By participating in the OCIN Pitch Competition, entrants agree to be bound by these official rules and the decisions of OCIN members and the judges, which are final and binding in all respects. Failure to comply with the Official Rules will result in disqualification.
8. All rules and regulations proposed within are subject to change, at the sole discretion of the OCIN network at any time, without previous warning or notification to contest applicants.
9. All prize fund winners will be required to remain engaged with their sponsoring OCIN member incubator centre until April 2024 and provide quarterly updates to the incubator centre’s Manager on the progress of the business creation.
10. All applicants will be required to complete the annual OCIN entrepreneurship survey in April 2023 and April 2024.
11. All applicants will be required to complete a competition exit survey which will require applicants to reflect on process and personal development in line with the Human Skills Framework.
12. The final competition will be recorded by OCIN members. All applicants will be required to sign a video/media release form.
13. OCIN members respect your right to privacy. Personal information collected from applicants will only be used by OCIN members to administer the competition and, only if consent is given at the time of entry, to provide applicants with information regarding upcoming workshops, events, and competitions.

Resources and Rubrics

OCIN PITCH Competiton Submission