Post on 06-Apr-2018
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
1/14
Kellogg Innovation Network
KIN Prize Information Session
January 12, 2012
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
2/14
Welcome & Agenda
Greetings from Professor Rob Wolcott, KIN Co-
Founder
Intro to 2012 KIN Prize
Competition Rules
Q & A
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
3/14
What is KIN?
KIN is a global network of visionary leaders
committed to building global prosperity through
innovation
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
4/14
KIN Highlights
2010 KIN Summit Highlights Video
Carlos Dominguez, Cisco SVP View Speech
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
5/14
The KIN Prize
The Prize funds bold action plans that supportKINs mission of building global prosperity
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
6/14
Whats an action plan?
Business plan
Viral video
Nonprofit organization
Social business
New Algorithm
2012 Campaign
Poster?
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
7/14
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
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
8/14
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
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
9/14
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 teamInnovation
Creativity of Solution: solution addresses a challenge in an innovativeway (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
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
10/14
Application process
Executive Summary Due Midnight February 10o Max 3 page, covering (1) the problem, (2) the proposed solution, (3) the
strategy), (4) specific social or environmental targets/goals , (5) a briefbackground on the team members.
o Semi-finalist teams announced on February 25
o Nine teams selected to compete in semi-finals
o Teams present to KIN Prize Committee on March 5-7 (15 presentation + 15minutes Q&A)
Finalists Teams announced on March 9
o Four teams selected to compete in the final round
o Each team is assigned an advisor in preparation for presentation at KIN
o Conduct dry run with review committee week before KIN Global Summit
Finals May 30- June 1o Poster booth of venture to be displayed and manned by the team at the
KIN Global Summit
o 10 minute presentation at the KIN Global Summit (full team)
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
11/14
Questions?
Jeff Berens
jberens2013@kellogg.northwestern.edu
Peter Weyrens
pweyrens2012@kellogg.northwestern.edu
NOTE: Official Rules and FAQs will bereleased following info session
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
12/14
END
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
13/14
INTERNALREFERENCE
8/3/2019 KIN Prize Info Session Deck_Jan12_2012_v4
14/14
The Selection Criteria (JAN 11
VERSION REFERENCE)The action plans will be evaluated on one or more of these criteria,depending on scope:
Business potential
Market fit/timing
Solution is clearly defined, including features and benefits Business model is scalable
2. Social impact potential
Business has a clearly-identified social value proposition
Potential Social Impact projections are based on reasonable assumptionsand credible data
Operational metrics are identified 3. Intention to act
Defined vision and roadmap for implementation, including partnerships.
Basic scenario planning to show adaptability in the face of hurdles