What is a pitch?
A pitch is a 1–5-minute presentation where a team provides a case for people to be interested in investing or buying your product.
What should be included in a pitch?
Answer these three questions:
- So what?
- What is your product/service?
- What’s the problem?
- Where does your product fit in the market?
- Who cares?
- Who is your customer?
- What is your plan to create the product and sell it to the customer?
- What is the financial outlook for your product, based on competition, demand, etc.?
- Why you?
- What makes your product/service unique?
- What skills do you or your company have?
- What value do you provide to your customer?
What makes a pitch great?
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- Tell a story of how or why you developed your product, rather than just stating what it is.
- Connect with your audience. Help people relate to you and your company.
- Speak clearly and concisely.
- Use visuals, whether a prototype, PowerPoint presentation, posters, etc.
- Do your research. Talk to people that would be potential customers and look at what products exist.
- Make the pitch memorable! Use a jingle, dress according to your product/marketing style, be enthusiastic.
- Practice!
What are some examples of pitches?
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- Check out “Shark Tank” clips on YouTube.
- Youth pitches example here.
What is the process of developing a product and pitch?
- Form a team of 2-4 members.
- Brainstorm ideas.
- Research the current market.
- What products are already available?
- Who would be interested in your product?
- What is the potential for it to do well in the market over the long-term?
- Define the product/service’s function and name.
- Understand what intellectual property entails and document relevant information. Identify what makes your product unique from what currently exists.
- Develop a design for the product or service.
- Think about what materials, engineering, and cost are required.
- Learn more about intellectual property by referring to our Resources list.
- Identify advertising/marketing considerations. Provide information on how the product will be presented to customer.
- This includes the packaging, look and feel of the product, and messaging to customers.
- Put it all together to develop your pitch.
- Practice!
Where can I get help with the pitch process?
Many students have never done a pitch before, and we want to help! The Keenan Center for Entrepreneurship, Innovation, & Creativity is available to support teams with the entire CNY Innovation Challenge process. They have 3-D printers, prototyping resources, and a MakerSpace where students can develop their product. They can also help with developing a pitch. Please email [email protected], and we will connect you with the Keenan Center.