The TiE Sydney Pitching Contest for Women Entrepreneurs on 2 March was an outstanding success. With 12 contestants, the range and quality of ideas and initiatives was exceptional. Panel judge Jennifer Zanich, serial entrepreneur and currently CEO of Xumii Services, commented that she had not seen this level of quality pitches, even in her second home of Silicon Valley. The buzz was palpable as each contestant, constrained to just 3 minutes, pitched to an imaginary group of angel investors for money and partnership.
As MC for the evening, my brief to the contestants was that the key objective of the pitch was not to get a cheque (even the most naive angel would not do this!) but to get a meeting. Then there was a chance of securing a cheque! The panel judges agreed they would give all the contestants a meeting opportunity, so they all came out ahead.
The winner was a late entry, Lucy Symons from Barefoot Power, who won a trip to India courtesy of TiE sponsor ACR Travels, see
here. While the winners were chuffed, all contestants had
positive feedback about their own learning experience.
Which, after all, was the primary goal of the event. Six contestants had also signed up for a TiE Sydney mentoring workshop to refine their pitches on Sunday 27 Feb. Alongwith fellow Board member Angelica Jacob and Charter Member Nitin Singhi, I ran this 3-hour workshop given my responsibility for TiE's Mentoring Program.
And what a delight it was! Young Jenny Lui, a second-year engineering student at UTS, stood out in her passion and obvious delight in pitching her wind turbine solution for city buildings to leverage wind energy for their own lighting. With participants in a wide range of age, experience and product-market propositions, everyone learnt as much from each other as from the counsel of the facilitators.
Now we are planning the
Youth Pitching Contest in May, billed as a 'Clash of the Titans' between University of Sydney and the University of NSW. Should be just as much fun!
A great event and experience for all at TiE and the participants. Why not join our next event, a workshop on Networking on 6 April at the Sydney Hilton?