Grid Pitch 2020 Goes Virtual
The Grid Pitch is on and it鈥檚 online, organizers say of the popular spring showcase of student entrepreneurship and innovation that takes place at the Graduate Research Innovation District, also known as the .
Kelsey Abernathy, a PhD student in the Graduate School鈥檚 Marine-Estuarine-Environmental Science program, presents the Aerium, a natural air purifier that uses algae to clean the air, at Grid Pitch 2019. Not pictured: business partner Dan Fucich.
The annual showcase, now in its third year, gives 91大神, Baltimore (UMB) students across all disciplines the opportunity to pitch their innovative business ideas to a panel of experts and investors in the entrepreneurial community.
Jim Kucher, DPA, MBA, program director for the M.S. in Health and Social Innovation and senior lecturer in , acknowledged the stark reality of the COVID-19 pandemic but resolved to move forward with Grid Pitch in an adapted form. 鈥淓ducation doesn鈥檛 come to a halt; learning doesn鈥檛 come to a halt,鈥� he said. 鈥淲e鈥檙e still here, keeping the flame alive.鈥�
鈥淣ow more than ever is a time to celebrate student innovators,鈥� added Taylor DeBoer, MA, marketing and operations specialist at the Grid. 鈥淲e have a massive global challenge right now that we need to solve.鈥�
This year鈥檚 12 participants receive six weeks of coaching from experienced members of Maryland鈥檚 business community. In addition to unparalleled access to seasoned guidance from mentors, Grid Pitch teams also share seed capital provided by upon completion of the program.
In normal times, pitches are held after a lively networking reception in the electric atmosphere of the bustling, not-at-all socially distant . The audience is filled with students, entrepreneurs, and faculty eager to hear the ideas of UMB鈥檚 aspiring entrepreneurs.
This year things will be ... different.
Due to a Universitywide shift to remote instruction, instead of pitching to a live audience, teams will prerecord their pitches using VoiceThread, an online video sharing education tool.
For participants, the change offers an advantage 鈥� video of their presentations will live permanently on YouTube and the Grid鈥檚 website for use as potential marketing material.
According to Kucher, another advantage of a virtual Grid Pitch is that students will have the opportunity to hone their business pitches with practice and feedback. Teams can edit their presentations to perfection before posting them by the May 1 deadline, eliminating the chance of a live flub or technology failure.
鈥淢aybe we鈥檒l miss some of the excitement鈥� of an in-person event, DeBoer said. 鈥淏ut ultimately, this is really about the mentorship and opportunities鈥� that come from participation.
This year鈥檚 represent a wide swath of the Baltimore business universe ranging from law to biotech to higher education.
In lieu of face-to face meetings, teams are regularly consulting with their assigned advisors over virtual meeting programs like Zoom, email, and even the seemingly low-tech telephone.
Deborah Tillett, MBA, president and executive director of Emerging Technology Centers (ETC) and a former computer gaming executive, is one of six Grid Pitch mentors. After more than 30 years in roles from startup to management, she鈥檚 seen the highs and lows of being an innovator. 鈥淏eing an entrepreneur is hard,鈥� she counseled her mentees. 鈥淓very day is something new and challenging and sometimes the path gets jumbled up, like right now.鈥�
Despite the hurdles, now is the perfect time for innovation, Tillett said. 鈥淭here鈥檚 nothing to lose if you decide to move forward with an idea you鈥檝e always had a passion about,鈥� she said.
Eligible teams must include at least one current or aspiring UMB student and have a proposed business idea in the biotech, life science, health tech, public health, or social entrepreneurship fields. The teams are split into two participation tiers, Vision and Venture, based on their project鈥檚 stage of development.
Developed three years ago by Jenny Owens, ScD, MS, assistant dean of the and executive director of the Grid, Grid Pitch is an event that seeks to spur innovation rather than strict competition. This year, just as in years past, the teams will equally share seed capital based on their tier.
The seed funds are provided by , a joint initiative of the , which brings UMB and the 91大神, College Park together to commercialize discoveries and create economic impact by engaging in industry and social ventures.
Grid Pitch presentations will go up on the Grid on May 1. to receive a link when the presentations are live.
