The Big Pitch—Venture Capital Funding for UPEI Students

UPEI's Department of Computer Science and Information Technology (CSIT) and the School of Business are teaming up with Timeless Technologies, a local software and web development company, to present to its students 'The Big Pitch'-Venture Capital Funding.

CSIT and Business students will work together in teams of four to develop a concept and a business plan for the 'next killer mobile app.' Students will have the opportunity to be mentored by Timeless Technologies and UPEI faculty members as they develop their ideas over the next month in preparation for 'The Big Pitch' event in March. A panel of judges, with representatives from Timeless, UPEI, and the Innovation and Technology Association of Prince Edward Island, will select the winners.

Alan Duncan, Dean of UPEI's School of Business, is thrilled that Timeless Technologies is offering students the opportunity to take their ideas to product. 'They are offering to share their experience and expertise to assist in this project,' he said. 'This is an unrivalled opportunity for UPEI faculties to collaborate, and for students to experience a real world situation, which will likely be a highlight of their careers with UPEI.'

The students' pitches must be focused on the worldwide mobile device market, must be Internet-based businesses, and must have a defined revenue stream immediately upon launch.

Timeless Technologies will hire the winning team, provide them with salaries, and a budget of $50,000 to execute their business plan and develop their mobile application with Timeless' Development, and Sales and Marketing teams over the summer. The winning team will also share in the profits once the mobile application gets to market!

For more information, contact thebigpitch@timelesstech.com, or visit http://www.facebook.com/timelesstech.