Suffolk students are eager to turn their big ideas into big businesses.
And on November 24, 2014, they will share their ideas with the chance to win seed funding to get their ideas off the ground. This year's tradeshow will be held in the Sawyer Café from 10am until 1pm. Guests will vote for their favorite ideas.
The 2013 winners include Abdulla Alnajar, Nicholas Chammas, Bilal El Yaman, and Karan Gopwani. The students came up with a hands-free umbrella called Intrella (short for Intelligent Umbrella). The umbrella attaches to your backpack, is blue tooth enabled, and has a built-in thermostat.
Tips From an Angel Investor
If you're participating in this year's trade show, angel investor Roman Wunderlich (BSBA '10) has some advice for you.
- Within the first five seconds, I can tell right away if I’m dealing with a straight shooter or a salesman. People who pitch and sweet talk their own product make it seem unbelievable and lose credibility right away.
- When you throw out numbers or facts, be ready to back them up. Nothing is worse than bad math or finances. If I put you on the spot, you should be able to shoot out an answer quickly and accurately.
- Lastly, and to me, most importantly—do a little homework on the investor before you pitch. We all have personalities, hobbies, and interests. Take that and run with it. Help us identify with you and your pitch, and let me know how my strengths in business will create a synergy within your business. Cater to the ego of the investor.