{"id":15166,"date":"2021-09-02T20:26:17","date_gmt":"2021-09-02T20:26:17","guid":{"rendered":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/?post_type=resource&#038;p=15166"},"modified":"2021-09-03T16:20:15","modified_gmt":"2021-09-03T16:20:15","slug":"rbc-prize","status":"publish","type":"resource","link":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/resource\/rbc-prize\/","title":{"rendered":"RBC Prize"},"content":{"rendered":"\n<div class=\"wp-block-group is-style-textured has-white-color has-blue-background-color has-text-color has-background has-link-color wp-elements-bb0d499f09b00f8b70ec84fe43555d8d is-layout-constrained wp-container-core-group-is-layout-cfcd5d90 wp-block-group-is-layout-constrained\" style=\"padding-top:120px;padding-bottom:120px\">\n<p class=\"has-text-align-center breadcrumb has-label-font-size wp-block-paragraph\"><meta charset=\"utf-8\">University of Toronto Entrepreneurship<\/p>\n\n\n<h1 class=\"has-text-align-center wp-block-post-title\">RBC Prize<\/h1><\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<h2 class=\"wp-block-heading\">Are you a startup founder or do you have a great idea you want to turn into a business?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;<strong><em>RBC Prize for Innovation and Entrepreneurship<\/em><\/strong>&nbsp;is an annual business pitch competition offering $50,000+ in prizes to recognize, reward, and accelerate the University of Toronto\u2019s most innovative student startups. As part of&nbsp;<em><strong>U of T Entrepreneurship Week<\/strong><\/em>, the next competition will take place in March 2022. Stay tuned for application announcements and timelines for next year\u2019s RBC Prize competition.&nbsp;<a href=\"https:\/\/entrepreneurs.utoronto.ca\/2021rbcprizewinners\/\">Click here to see the 2021 RBC Prize winners<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Selected individuals or teams will compete by showcasing their business idea via a five-minute pitch to a panel of judges for the following prizes:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Early Stage Prizes*<\/strong><\/td><td><strong>Later Stage Prizes**<\/strong><\/td><\/tr><tr><td>1<sup>st<\/sup>&nbsp;Prize: $10,000<br>2<sup>nd<\/sup>&nbsp;Prize: $5,000<br>Dongjun Wang Family True Blue Prize (People\u2019s Choice): $4,000<\/td><td>1<sup>st<\/sup>&nbsp;Prize: $25,000<br>2<sup>nd<\/sup>&nbsp;Prize: $10,000<br>Dongjun Wang Family True Blue Prize (People\u2019s Choice): $4,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Who is eligible to compete?<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>University of Toronto entrepreneurship community: At least one founder is a current full-time U of T student or recent alumni from a full-time program (i.e. graduated no earlier than July 2019).<\/li><li>Open to all faculties and sectors across the tri-campus.<\/li><li><strong>*Early Stage Prize<\/strong>: Startups must have less than $20,000 cumulative funding or investment (not including research grants), and less than $20,000 cumulative revenue as of November 6, 2021.<\/li><li><strong>**Later Stage Prize<\/strong>: Startups must have between $20,000 and $100,000 cumulative funding or investment (not including research grants), and less than $100,000 in cumulative revenue as of November 6, 2021.<\/li><li>Entrants must be able to present their pitch to the panelists at U of T Entrepreneurship Week in March 2022 (dates TBC);&nbsp;<\/li><li>Startups are only eligible to pitch one time in the RBC Prize.<\/li><li>Companies who are not yet incorporated may apply, however incorporation is required in order to receive the prize money.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Competition Timeline<\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Competition entry in September\/October:&nbsp;<\/strong>Please email the<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What is the criteria for judging?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">At both the entry and competition day stages, the panel of judges will be looking for the startup\u2019s:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Problem Identification \/ Opportunity<\/strong>: A clearly articulated and compelling value proposition<\/li><li><strong>Viability<\/strong>: Clear knowledge of the market and evidence of demand for the solution<\/li><li><strong>Growth potential<\/strong>: Sustainable and scalable business model<\/li><li><strong>Innovation<\/strong>: Intellectual property and\/or strong competitive differentiation<\/li><li><strong>Talent<\/strong>: A strong team<\/li><li><strong>Communication skills<\/strong>: An effective and persuasive overall Executive Summary and pitch presentation<\/li><\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<div class=\"wp-block-group has-pale-blue-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"padding-top:20px;padding-right:20px;padding-bottom:20px;padding-left:20px\">\n<h3 class=\"wp-block-heading\"><strong>Applications for 2021 are now closed.&nbsp;<a href=\"https:\/\/us11.list-manage.com\/subscribe?u=ad3c2525429b8e70a82e3458b&amp;id=2315421096\">Subscribe to our newsletter<\/a>&nbsp;for 2022 RBC Prize announcements.<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Questions about the&nbsp;<strong><em>2021 RBC Prize for Innovation and Entrepreneurship<\/em><\/strong>&nbsp;or application process can be sent&nbsp;to&nbsp;<a href=\"mailto:entrepreneurs@utoronto.ca\">entrepreneurs@utoronto.ca<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group cta-card cta-card--full-width is-style-textured has-blue-color has-pale-grey-background-color has-text-color has-background is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"has-text-align-center has-dark-blue-color has-text-color has-link-color has-large-font-size wp-elements-9e27906289e536e9fcefbbc47355ea4c wp-block-paragraph\"><meta charset=\"utf-8\">Questions about the&nbsp;<strong><em>2021 RBC Prize for Innovation and Entrepreneurship<\/em><\/strong>&nbsp;or application process can be sent&nbsp;to&nbsp;<a href=\"mailto:entrepreneurs@utoronto.ca\">entrepreneurs@utoronto.ca<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Are you a startup founder or do you have a great idea you want to turn into a business? The&nbsp;RBC Prize for Innovation and Entrepreneurship&nbsp;is an annual business pitch competition offering $50,000+ in prizes to recognize, reward, and accelerate the University of Toronto\u2019s most innovative student startups. As part of&nbsp;U of T Entrepreneurship Week, the next competition will take place in March 2022. Stay tuned for application announcements and timelines&#8230;<\/p>\n","protected":false},"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"feed":[],"resource-type":[],"level":[],"department":[],"campus":[],"class_list":["post-15166","resource","type-resource","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/resource\/15166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/resource"}],"about":[{"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/types\/resource"}],"version-history":[{"count":2,"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/resource\/15166\/revisions"}],"predecessor-version":[{"id":15366,"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/resource\/15166\/revisions\/15366"}],"wp:attachment":[{"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/media?parent=15166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/categories?post=15166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/tags?post=15166"},{"taxonomy":"feed","embeddable":true,"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/feed?post=15166"},{"taxonomy":"resource-type","embeddable":true,"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/resource-type?post=15166"},{"taxonomy":"level","embeddable":true,"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/level?post=15166"},{"taxonomy":"department","embeddable":true,"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/department?post=15166"},{"taxonomy":"campus","embeddable":true,"href":"https:\/\/entrepreneurs.utoronto.ca\/ip-education\/wp-json\/wp\/v2\/campus?post=15166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}