The Elevator Pitch Competition features student teams in a high-stakes contest to persuade prospective investors to help them turn their Senior Design Projects into effective businesses. Students are competing for the Ansary Prize for Student Entrepreneurship, with a first place cash prize of $10,000.


  • First prize: $10,000
  • Second prize: $5,000
  • Third prize: $2,500

What is an elevator pitch?

An elevator pitch is a short presentation made by an entrepreneur raising money for a venture. The term describes a pitch that is short enough that it could be given during an elevator ride when the entrepreneur has the only chance to talk with a potential investor. In this competition, senior students take their design project and turn it into a potential business. Several preliminary competitions have been held, and this contest represents the top ten teams from an initial pool of almost one hundred and fifty. Students have three minutes to present their pitch and are scored on two metrics, one on fundability and the other on presentation.