Staff Report //March 23, 2018//
Six finalists will compete head-to-head in the finale of the University of South Carolina’s The Proving Ground competition on Thursday.
The finale, free and open to the public, starts at 6 p.m. in the W.W. Hootie Johnson Performance Hall at the Darla Moore School of Business.
A team of entrepreneurs and business faculty members narrowed field a of 40 business plan submissions to six.
“The first round of judging was very competitive,” said Dean Kress, associate director of the Moore School’s Faber Entrepreneurship Center. “We have very intriguing concepts, and there was a lot of discussion between the competition judges. The audience for the finale will see some very cool business ideas.”
Competitors will pitch their ideas to judges in a fast-paced format reminiscent of the TV show “Shark Tan. Two finalists in three categories will go head-to-head, with winners chosen based on six criteria: problem addressed, market, investment potential, distinctive competence, financial understanding and the entrepreneur’s viability.
The finale judges are Aaron and Candice Hark, founders and owners of Maxient, and Jill Sorensen, director of SC Launch, a program of the South Carolina Research Authority.
The $17,500 Maxient Innovation Prize, open to undergraduates, goes to the competitor with the most innovative business concept that addresses an existing need or problem. The finalists:
The $17,500 Avenir Discovery Prize, open to undergraduate and graduate students and alumni from the past five years, is also awarded to the most innovative business concept that addresses an existing need or problem. The finalists:
The $5,000 SCRA Technology Ventures Fan Favorite Prize is chosen by The Proving Ground finale audience. Finalists in this category represent the two highest-scoring business plans from the other categories that did not make the finals. The finalists: