The Ira A. Fulton College of Engineering and Technology at Brigham Young University will host its fourth annual Student Innovator of the Year (SIOY) competition on Oct. 17 and 24.
Several teams of student inventors will compete for $12,000 in prize money. 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.
Judges will award a grand prize of $5,000, a first place and second place prize of $3,000 and $2,000 respectively, along with an honorable mention prize of "Great Potential" at $1,000. To give the audience a say, there will also be a "crowd favorite" award in the amount of $1,000.
The SIOY Product Showcase and preliminary round of judging will be Oct. 17 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 seven projects to advance to the final round. In a new aspect of the competition, any SIOY team can be invited to a special "Golden Ticket" luncheon with potential investors. Local investors have been invited to review the projects and each will have one ticket to give to the team of their choice.
Final presentations and judging will be Oct. 24 in the Varsity Theatre at 3:00 p.m. Each of the top seven student teams will briefly present their projects then 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, an iPod Shuffle, iPod Nano, iPad and much more. All SIOY events are open to the public.
Winners of the competition are encouraged to enter their innovations in the 2014 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.
BYU Photo (SIOY event photo)