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SMT TEAM CHALLENGE OVERVIEW

Please review the details on this page carefully and work with your Company Program team to come up with a solution to the challenge question below.

 

INSTRUCTIONS

  1. Connect with your team on Hopin.

    • Register for the new Hopin event

    • Click on sessions and meet your team in your assigned session

    • Note that you can split into two teams if you have more than 10 team members. Visit the JA Team Challenge Support session in Hopin to let us know if you want to do so. 

    • Join the team challenge Hopin event here. 

  2. Find a Solution to the Challenge question with your team.

  3. Create a Pitch Slide Deck to answer the challenge question. This can be done in PPT, Keynote, etc. If you aren’t using PPT, please submit a PDF version. Pitch deck is not a presentation, but rather a visual and textual form of presenting a summary of your idea. Pitch deck requires planning, ability to summarize the core content and skill to tell a good story to the reader, but also keep the focus on the main issues.

TIMING

12:00 to 2 p.m. | Working Lunch & Work on Team Challenge (work in Hopin with your team, link above)

2:00 p.m. | Submit Presentation (link provided below)

PITCH DECK REQUIREMENTS

Your pitch deck must include a maximum of 8 slides as referenced below.

You are not allowed to include additional slides.

 

Your pitch deck must include:

  1. Title page – including CP team name and team member names that worked on the pitch deck

  2. Introduction to your idea – including a one liner of your product/service

  3. How your idea will solve the Challenge Question

  4. How it adds value (features/benefits)

  5. The feasibility

  6. Competition

  7. How it is going to generate revenue

  8. Optional: One extra slide (ie appendix or additional info)

CHALLENGE QUESTION

Create a digital product or service that will help support local, small businesses during the pandemic.

You can choose to focus on one industry (ie. Retail) or keep it open to all industries.

 

Budget: $100K

Timeline: 1 year to launch

Challenge Stats:

  1. Close to one-quarter of businesses with 1 to 4 employees (23.7%) and under one-fifth of businesses with 5 to 19 employees (18.5%) reported revenues in August were down 40% or more year over year.

  2. Small businesses were less likely to have the ability to take on debt and also slightly less likely to have the liquidity to operate.

  3. Of businesses that were operational at the time the survey was conducted, 6.0% of businesses with 1 to 4 employees, 4.4% of businesses with 5 to 19 employees, and 3.6% of businesses with 20 to 99 employees reported that they were actively considering bankruptcy or closing as a result of the pandemic, in comparison to 2.6% of businesses with 100 or more employees.

  4. Of businesses that laid off at least one staff, businesses with 1 to 4 employees were more likely to lay off 100% of their workforce.

  5. Stats Canada - https://www150.statcan.gc.ca/n1/pub/45-28-0001/2020001/article/00088-eng.htm

SUBMITTING

Teams must submit their work to the Dropbox link below by 2pm. Late submissions will not be reviewed. Read the requirements outlined in this document carefully. Teams that don’t follow instructions will be disqualified.

Submit Team Challenge here - https://www.dropbox.com/request/CeB8p402BuNZwMwLei6t

Please name your submission with Team Name (ie. Door Dash Pitch Deck).

If you have two teams, you will name the second team #2 (ie. Door Dash Pitch Deck #2). 

Please submit as a PDF file.

JUDGING & PRIZES

Your pitch deck will be judged on the following:

  1. Creativity/Innovation – how unique/innovative is your idea?

  2. Feasibility – how realistic/possible is your idea?

  3. Value add – will this product or service generate revenue? Can this product/service compete in the current market?

  4. Presentation skills – how clear, concise and appealing are your slides?

 

Challenge Prize:

There will be 6 winners.

Each winning team will receive:

  • 15 Team Challenge Points

  • Students listed on the pitch deck from each winning team will be entered into a draw to attend JA’s Virtual Governor’s’ Celebration happening on February 4th from 4:30-6pm.  Ten student names will be drawn.

 

Winners will be announced on social media and through email on December 17th. 

QUESTIONS?

Visit the  JA Team Challenge Support session on Hopin

GOOD LUCK!