The I2P® Global Competition is an invitational event hosted each fall, typically in November, by the Murchison Chair of Free Enterprise at the University of Texas at Austin.
Team Selection
Invitations are issued to universities in the summer preceding the competition, with a requirement to commit to send a team by the end of the summer. The participating universities each have their own process for selecting a technology and team members to participate. For instance, teams may be selected from a technology commercialization course or be the winner of a local competition.
UT Austin uses the I2P® UT Austin Competition as its screening mechanism; one of the finalists in the spring competition represents UT in the I2P® Global event the following fall. More details on the UT Austin competition procedures .
Team Requirements
In general, the teams must consist of students of the invited university, including at least one student with a background in engineering, science, pharmacy, medicine, or other technology discipline. More details on I2P® Global team requirements.
Technology Description Submissions
About one month prior to the competition, the teams submit a one-page description of their technology. In this write-up, the teams must describe the product and its underlying technology; explain how it is innovate and unique; describe the target customer group and provide a general market size; explain the need that the product fulfills in the market; and provide a minimal intellectual property (IP) protection strategy. This summary is not given to the judges, but it is used to arrange the teams in the semifinal rounds andto create the competition program.
About one week prior to the competition, the teams submit a more detailed Technology Description (maximum of 5 pages, less preferred). This summary is not considered in the judging, but it does help the judges prepare for the presentations. The summary is also a valuable exercise for the teams, as it contains all of the major points that should be included in the presentation.
The Competition
The competition consists of feedback, semifinal, and final rounds, held on two consecutive days. Each team presents a 10-minute presentation, followed by 10-15 minutes of questions from the judging panel. Teams must adhere strictly to the 10-minute presentation limit; teams who pass the limit will be stopped whether or not they have completed their presentation.
The feedback round is not scored but is an opportunity to gain helpful feedback on presentation style, format, and structure. These practice presentations are a fundamental element of the competition and have been shown to result in significant improvements in participants’ presentations.
The top finishers of the semi-final rounds advance to the finals. The teams compete for $25,000 in prizes and a chance to compete in the Global MOOTCORP® Competition.
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