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Manitoba Venture Challenge


Wed May 16th 2012

This year, I finally made it to the Manitoba Venture Challenge. I applied last year, and out of nowhere, I get this phone call about attending a two day boot camp. I told them that the website had no mention of such time commitment, and I really couldn't go because i had work on those days. So I missed it. Well, this year I was prepared for the two day boot camp. Or so I thought.

Turns out the structure for this year's event is completely different from last year's (more from their website). Last year, the event had three streams, one of them being "From Idea to Prototype" -- the stream I wanted to be in. This year, however, it's just one stream -- everyone is expected to have a prototype with raised capital. But I didn't find out about this until mid-day on the first day of the event. Turns out I wasn't the only one either. Guess the event wasn't very well advertised.

It was an interesting experience overall. I'm glad I attended. The first part was more of a series of short presentations on how we should give a pitch and what investors want to hear. There was some opportunity to mingle with the other participants as well, which was nice.

The second part was all about the participants giving pitches (with mention of how much money their idea is currently making). Needless to say, since my idea was still in the idea stage, it didn't make sense for me to participate. Maybe another year though. But I did get some feedback on my idea already. Overall, it was a very positive experience.

 


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