Kellogg Innovation Network

KIN Prize Information Session

January 12, 2012

Welcome & Agenda

Greetings from Professor Rob Wolcott, KIN CoFounder Intro to 2012 KIN Prize Competition Rules Q&A

What is KIN?
KIN is a global network of visionary leaders committed to building global prosperity through innovation

KIN Highlights
2010 KIN Summit Highlights Video Carlos Dominguez, Cisco SVP View Speech

The KIN Prize

The Prize funds bold action plans that support KIN s mission of building global prosperity

What s an action plan ?

New Algorithm Business plan Nonprofit organization

Social business Viral video

2012 Campaign Poster?

Overview
When/where does competition take place?
Held at KIN Summit, May 30-June 1, 2012 Allen Center Evanston, IL

What is the award amount?

$100,000 will be split among four finalist teams Winner will be determined by votes of KIN delegates at summit Winner receives amount received through voting, plus difference

Who can compete?

Minimum team size of two, no maximum number At least one NU student enrolled in a degree seeking program Teams are encouraged to have a mix of students and professionals

Why you should enter?

Significant financial award and recognition Mentoring from executives and VC professionals (for finalists) Opportunity to attend the KIN Global Summit and become part of a community of innovators Max 4 people/team attend as delegates Full team participates in presentation

The Selection Criteria

Impact People: global prosperity Profit: financial return Planet: environmental impact Plans may address one or more categories of impact Impact must be quantified using metrics chosen by the team Innovation Creativity of Solution: solution addresses a challenge in an innovative way (WOW factor counts ) Implementation Well-defined implementation roadmap How goals will be achieved and major obstacles overcome How progress towards ultimate goals will be monitored Proof points help Management team: team is capable of carrying out proposed concept

Application process
Executive Summary Due Midnight February 10 o Max 3 page, covering (1) the problem, (2) the proposed solution, (3) the strategy), (4) specific social or environmental targets/goals , (5) a brief background on the team members. o Semi-finalist teams announced on February 25 o Nine teams selected to compete in semi-finals o Teams present to KIN Prize Committee on March 5-7 (15 presentation + 15 minutes Q&A) Finalists Teams announced on March 9 o Four teams selected to compete in the final round o Each team is assigned an advisor in preparation for presentation at KIN o Conduct dry run with review committee week before KIN Global Summit Finals May 30- June 1 o Poster booth of venture to be displayed and manned by the team at the KIN Global Summit o 10 minute presentation at the KIN Global Summit (full team)

Questions?
Jeff Berens jberens2013@kellogg.northwestern.edu Peter Weyrens pweyrens2012@kellogg.northwestern.edu NOTE: Official Rules and FAQs will be released following info session

END

INTERNAL REFERENCE

The Selection Criteria (JAN 11 VERSION REFERENCE)

The action plans will be evaluated on one or more of these criteria, depending on scope: Business potential Market fit/timing Solution is clearly defined, including features and benefits Business model is scalable 2. Social impact potential Business has a clearly-identified social value proposition Potential Social Impact projections are based on reasonable assumptions and credible data Operational metrics are identified 3. Intention to act Defined vision and roadmap for implementation, including partnerships. Basic scenario planning to show adaptability in the face of hurdles