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Shark Tank Overview
Have a great, game-changing idea? We are very excited to announce that we will be hosting the second Shark Tank event at MicroTAS 2018 since we all had a very good time last year. MicroTAS is the premier forum (with over 1000 participants from around the world) for reporting research results in microfluidics, microfabrication, nanotechnology, integration, materials and surfaces, analysis and synthesis, and detection technologies for life science and chemistry.
As you know, the biochip market is expected to grow to over USD 17 Billion by 2020. As a field, we have seen many successes already, and many of these commercial successes come from the researchers who are very active at MicroTAS.
No Extra Registration Fee!
Now we have a forum to showcase these newest breakthrough technologies. Finalists will compete in LIVE Shark Tank for thousands of dollars in prize money, in-kind services, and potential investments from VC’s. The final three teams will be awarded at the banquet. The prize would be $2,000 for gold medal, $1,500 for sliver medal, and $1,000 for bronze medal.
The Shark Tank event will be prominently showcased in the Main Auditorium at MicroTAS 2018 in Kaohsiung, Taiwan, at 1100-1230 on November 13, 2018.
Confirmed Judges Include:
Allen Northrup, PhD, Founder of Cepheid and Microfluidic Systems
Peter H. Hsieh, GM, Arm Taiwan Limited
Brian Yenyi Ho, TWEMBA Founder, Taiwan
This competition is open to students, researchers, post-docs, and faculties. You do not need to have a company yet to compete, but filed intellectual property highly encouraged.
Finalists will receive complimentary registration to MicroTAS 2018.
Deadline to submit the optional one-page proposal by July 31, 2018, and the short pitch (video) by September 30, 2018. Finalists will be announced by November 11, 2018.
Good luck & we look forward to seeing your submissions!
Shark Tank Organizing Committee:
Shark Tank Guidelines
Finalists will take the big stage at MicroTAS in front of prominent Shark Tank judges and the MicroTAS community to pitch their ideas live.
The steps to enter this competition:
- (Optional step) Please simply email firstname.lastname@example.org your one-page proposal (see example below) or explaining the products you are addressing by July 31, 2018. The content should include the value proposition, market size, the current competing technology landscape, your idea/approach and why it is better, your potential competitors, and the current state of development or your business plan. See the Shark Tank Guidelines below for more information.
- (Optional step) The committee members and some Venture Capitalists (VCs) would give some suggestion and advice to improve your proposal and how to prepare the short video.
- A short elevator pitch (90 seconds or less) must be email to email@example.com by September 30, 2018. One-page proposal is optional for the help of video preparation. You still can submit your video without the one-page proposal by July 31, 2018. Some of teams would be considered for the chance to be the finalists in the competition.
- All teams to be considered should attend an half day workshop, “Pitch Camp for Sprouting Entrepreneurs”, for free on Sunday of Nov. 11, 2018. A practical hands-on course on how to put together valuable and effective 3-30 minute pitches. Possibly two pitches: the classic 3 minute “elevator pitch” of a few high-impact slides, and a second one of about 20-30 minutes to dig a bit deeper.
Our panel of judges will select up to 6-8 finalists to present and compete at MicroTAS.
- The finalists must give the presentation with video at 1100-1230 on 13, 2018. The session will be the single session with judges, most of them are VCs.
- The prize would be $2,000 for gold metal, $1,500 for sliver metal, and $1,000 for bronze metal. Those people will be awarded at the banquet.
Shark Tank Guidelines:
- Video must be no longer than 90 seconds
- Videos must be viewable on a PC without special software (.mp4, .mov, .avi or .wmv).
- Must include the problem you are addressing, the market size, the current competing technology landscape, your idea/approach and why it is better, and the current state of development (including status of intellectual property)
- Must not include any confidential / proprietary information in the video
- Must not be based on a company that has raised more than $1M in investment funding already.
- The competition is open to students, researchers, post-docs and faculty
- You do not need to have a company yet to compete, but filed intellectual property highly encouraged.
- Videos must be submitted by Sunday, September 30, 2018 for consideration
For questions, please contact the Jeffrey Da-Jeng Yao, Shark Tank Chair: firstname.lastname@example.org
Shark Tank Proposal Submission
The following contents should be included in this One-Page proposal. It would be good to use two-column format with figures and tables.
- The title of your proposition and team member list should be put on the top.
- Introduction: Introduce the value of proposition, and its potential market size with some statistical data (figure preferred).
- Landscape of your product or ideas: The current competing technology landscape, and your possible competition in the world. (Table can be used for comparison.)
- The current state of development: Your idea/approach and why it is better or attractive.
- Business plan: Your business plan and how much money do you need from VCs.