Each submission must include a short PowerPoint file describing your concept in 10-20 slides. Check out Guy Kawasaki’s 10-20-30 approach. Each submission may also be accompanied by a five-minute “elevator pitch” video (optional); cell phone footage is perfectly appropriate. The deadline for submissions was 11:59 p.m. ET, March 1, 2022.
Submissions should include information about the team, the opportunity, the market, the product/service and what is compelling about it, the progress to date, the next steps, and “the ask” (i.e., your suggested pre-money valuation if it has been established, the capital that the venture is hoping to raise at this point in time, and what would be done with that capital). Garage Technology Venture’s Resources for Entrepreneurs can be a helpful source for additional insights about how to get started.
If the Galant Challenge advisory team decides your venture is a fit for investor consideration, your team will be invited to present live at UVA on Friday, April 1, 2022, to the panel of judges and investors, or virtually if conditions require.
Chosen ventures will meet via Zoom with the judges/investors before the event at a mutually convenient time to explain their concepts—without the ten-minute constraints of the event.
During the event, each venture will give a five-minute pitch, followed immediately by a five-minute Q&A session with the judges/investors.
As with similar events (e.g., the television show “Shark Tank”), any interest voiced during the event will be followed by and conditioned upon due diligence, and more detailed discussions between the ventures and the investors.
If selected to advance in the challenge, your team must be available to present at the event on Friday, April 1st in Charlottesville. The pitch event will be held from 4:00 p.m. to 6:00 p.m. (Virtual participation may be considered if conditions require.)