The Ira A. Fulton College of Engineering and Technology at Brigham Young University will host its sixth annual Student Innovator of the Year (SIOY) competition on Oct. 30 and Nov. 5.
More than 50 teams of student inventors will compete for $12,000 in prize money. As part of this year's competition, SIOY applicants received feedback from successful professionals and members of the college’s Advancement Council for Engineering and Technology (ACET). Entries will be judged on engineering innovation, product originality, usefulness, market potential, as well as the level of clarity and professionalism of each team's presentation. Some of last year's SIOY competitors went on to earn $535,000 after winning the nation's biggest business plan competition at Rice University.
Judges will award prizes to first, second and third place competitors in the amounts of $5,000, $3,000 and $2,000 respectively, along with an honorable mention prize of “Great Potential” for $1,000. The audience will also have the opportunity to vote for a “crowd favorite” award in the amount of $1,000.
The SIOY product showcase and preliminary round of judging will be Oct. 30 at 10 a.m. in Brigham Square (WSC Garden Court in case of inclement weather) and will continue until 2:00 p.m. All project prototypes will be on display and the student teams will be available to answer questions. From here, judges will select the top six projects to advance to the final round.
Final presentations and judging will be Nov. 5 in the WSC Varsity Theatre at 3:00 p.m. Each of the top six student teams will briefly present their projects and answer questions from the judges.
The first 100 audience members to arrive will receive a ticket for a free J Dawg, which will be distributed after the event. All audience members will have the chance to win the following prizes: t-shirts, iPods, iPads and much more. All SIOY events are open to the public.
Winners of the competition are encouraged to enter their innovations in the 2015 Miller New Venture Challenge or the Social Venture competitions in the BYU Marriott School of Business.
The SIOY competition is driven by the efforts of Venture Factory, a student-run organization empowering innovation, and is sponsored jointly by the Ira A. Fulton College of Engineering and Technology and the Rollins Center for Entrepreneurship and Technology.