Carnegie Mellon University
McGinnis Venutre Competition Final Round

McGinnis Venture Competition

The McGinnis Venture Competition, a platform exclusively for Carnegie Mellon University's community of student entrepreneurs, brings together Carnegie Mellon's best and brightest student entrepreneurs to compete for $60K in investments. All participants receive crucial interaction with alumni entrepreneurs and venture capitalists, an opportunity to raise capital and valuable feedback about ventures.

This multi-round competition kicks off in early January, starting with two virtual rounds and culminating in a final live round celebration at Carnegie Mellon University.

Direct any questions to Allyson Hince.


McGinnis Venture Competition

The 2024 McGinnis Venture Competition registration opens on Wednesday, November 1, 2023. The Round 1 submission deadline is on Tuesday, January 16, 2024 via our online platform, Pralent. Teams who create a profile, register for the competition and start their submission by Friday, December 1, 2023 are guaranteed to be assigned a coach for the competition; for those who register after December 1, 2023, are not guaranteed a coach assignment.

The final round pitches will be held on Tuesday, March 19, 2024. 


Congrats to the 2024 McGinnis Venture Competition Winners!

2024 McGinnis Venture Competition Group Photo of Winners

Graduate Track

First Place: J.P. Robotics is mapping big problems in small pipes using robotics and AI. Team members include Tina Tian.

Second Place: Galen Health is AI for Early Detection of Pancreatic Cancer. Team members include Logan Nye, MD and Kushagra Agarwal.

Third Place: Sitewiz is AI-driven iterative optimization for e-Commerce websites. Team members include Ram Potham, Rohit Malhotra and Drake Som.

Undergraduate Track

First Place: Assurif.ai boosts efficiency for mortgage underwriters in lower markets, plagued by redundant tasks making up to 75% of workflow. By blending AI with human input, assurif.ai speeds up work, enhance accuracy and slash costs by over 40%. Team members include Alex Chen, Joey Park, Andrew Kang, Erik Wang and Meher Kaky.

Second Place: KnitFit custom-fits compression garments using machine knitting. Team members include Pratyay Didwania, Astha Shah, Advika Jayanti and Sreekar Kunaparaju.


Join Us for the McGinnis Venture Competition Final Round Celebration on March 19!

Help cheer the final round graduate and undergraduate teams to victory! Attend the final round celebration on Tuesday, March 19, 2024. The event will also be live streamed to allow for international and remote community members to attend.

Tuesday, March 19, 2024

Schedule of Events:

  • 1:00 - 5:00 PM - Final Round Team Presentations
  • 5:30 - 7:00 PM - Award Ceremony & Networking Reception

Location:

Carnegie Mellon University Swartz Center, Tepper Quad Bldg., 4765 Forbes Avenue, 3rd Level

Find out more on our final round webpage>

Prize Allocation

Galen Health

Graduate Track

First Place

$25,000

Second Place

$15,000

Third Place

$10,000

Glow Up

Undergraduate Track

First Place

$4,000

Second Place

$2,500

Bonus

Undergraduate track winners are also awarded a place in the CMU Venture Challenge.

photo of McGinnis winners

*Investments are awarded in the form of a SAFE. The remaining $3,500 will sponsor the CMU Venture Challenge.

Plus Get

McGinnis judges

Coaching

The competition includes coaches for each team that declares participation in the McGinnis Venture Competition via our online platform. The Swartz Center staff will match the appropriate team with an appropriate coach. If a team is not registered by the deadline the Swartz Center cannot guarantee that a coach will be assigned.

McGinnis Networking

Networking Opportunities

Meet and interact with peers who are also passionate about entrepreneurship, and gain access to Carnegie Mellon’s amazing entrepreneurial alumni network. Teams from all rounds enjoy access to exclusive networking events.

Little Moochi

Help Along the Way

CONNECTS events are held throughout the year to help teams prepare.

Here are a few video resources that we suggest to help with your video pitch: 

Intro to CMU Libraries Databases for Market & Competitive Research with Jimmy McKee

Wednesday, December 6, 2023
12:30 - 1:30 p.m. EST
Virtual

All applicants will be sent the virtual invite to attend

Facilitated by CMU's Entrepreneurship Librarian - Jimmy McKee - in this session, attendees will receive a guided overview about the various business resources that the Libraries provides access to. These tools and databases enable you to undertake highly effective secondary market research, which will help McGinnis competitors save time and develop stronger pitches!

Important 2023-24 Dates and Deadlines

Wed, Nov 1, 2023
Registration opens via Pralent. 


Application requirements: Executive summary [pdf] and 5-minute video pitch.

Tues, Nov 14, 2023
Virtual Info Session

11:00 a.m. - 12:00 p.m. EST-Virtual

Fri, Dec 1, 2023
Create a log in via Pralent, register for the Competition via Pralent and start your application to receive a coach

If you create a log in via Pralent, register for the McGinnis Venture Competition and start your submission to include your team name, team description and team members by December 1 you will be guaranteed to be assigned a coach for the competition; for those who do this after December 1, we cannot guarantee that you will be assigned a coach for the competition.

Wed, Dec 6, 2023
Intro to CMU Libraries Databases for Market & Competitive Research with Jimmy McKee

12:30 - 1:30 p.m. EST
-Virtual
All applicants will be sent the virtual invite to attend

Facilitated by CMU's Entrepreneurship Librarian - Jimmy McKee - in this session, attendees will receive a guided overview about the various business resources that the Libraries provides access to. These tools and databases enable you to undertake highly effective secondary market research, which will help McGinnis competitors save time and develop stronger pitches!

Wed, Jan 10, 2024
Virtual Info Session

11:00 a.m. - 12:00 p.m. EST-Virtual

Tues, Jan 16, 2024
Round 1 Submission Deadline at 11:59 pm EST.


Round 1 executive summary [pdf] and video pitch due via our online platform.

Thurs, Jan 18, 2024
Round 1 judges can view team’s applications at 2 pm EST.

Thurs, Jan 25, 2024
Round 1Team Mixer

5:00 - 6:30 p.m. EST

Swartz Center for Entrepreneurship Main Space
Carnegie Mellon University

Tepper Quad
, 3rd Level

4765 Forbes Avenue

Pittsburgh, PA 15213

Tues, Jan 30, 2024
Round 1 judging ends at 11:59 pm EST.

Thurs, Feb 1, 2024
Teams notified. Round 2 begins at 2 pm EST.

Tues, Feb 13, 2024
Round 2 submission deadline at 11:59 pm EST.


Round 2 updated executive summary [pdf] and video pitch due via our online platform.

Thurs, Feb 15, 2024
Round 2 judges can view team’s applications at 2 pm EST.

Tues, Feb 27, 2024
Round 2 judging ends at 11:59 pm EST.

Thurs, Feb 29, 2024
Teams notified. Round 3 Begins at 2 pm EST.

Tues, March 12, 2024
Round 3 Mini-Business Plan [pdf] due at 11:59 pm EST via our online platform.

Thurs, March 14, 2024
Round 3 judges can view team’s applications at 2 pm EST.

Tues, March 19, 2024
1:00 - 5:00 p.m. Final Round Team Presentations

5:30 - 7:00 p.m. Award Ceremony & Networking Reception

Swartz Center for Entrepreneurship
Carnegie Mellon University

Tepper Quad
, 3rd Level

4765 Forbes Avenue

Pittsburgh, PA 15213


View full schedule and final round teams on our events page.

Visitor parking available at the East Campus Garage.

Requirements & Guidelines

The McGinnis Venture Competition is open to all current Carnegie Mellon University undergraduate and graduate students who have created, managed and owned ventures.

A CMU student should be CEO, CTO or COO. Members of the student team should also own a significant majority of the equity allocated to all parties. Non-CMU students may be members of the venture’s management team and may participate; however, current CMU students should deliver the majority of the content in all of the rounds.

How to determine which track you are competing in:

  • If you have all undergraduate students on your team you will be considered in the undergraduate track.
  • If you have all graduate students on your team you will be considered in the graduate track.
  • If your team is made up of both graduate and undergraduate students you will be considered in the graduate track. You will not be eligible to compete in the undergraduate track.

**Please note that you will upload your Executive Summary and Video Pitch on our online platform.**

Deliverable: Executive Summary and Video Pitch*

The Executive Summary must be 3-5 pages in length. Please use the Executive Summary/Mini-Business Plan [pdf] for guidance.

A 5-minute Video Pitch targeted to investors is also required. You should pretend you are pitching to real investors and include all pertinent information. Record your Video Pitch and insert a link on our online platform.

The Executive Summary and Video Pitch must be submitted on our online platform.

The application submission deadline is Tuesday, January 16, 2024 at 11:59 pm EST via our online platform.

*If you need to borrow video equipment to make your video, visit Clusters Multimedia Lending.

**Please note that you will upload your updated Executive Summary and Video Pitch on our online platform as you did in Round 1.**

Deliverables: Updated Executive Summary and Video Pitch*

Submit via our online platform an updated Executive Summary and Video Pitch. Use the feedback that you received from Round 1 to improve.

The Round 2 submission deadline is Tuesday, February 13, 2024 at 11:59 pm EST via our online platform.

*If you need to borrow video equipment to make your video, visit Clusters Multimedia Lending.

**Please note that you will upload your Mini Business Plan/Expanded Version of Executive Summary on our online platform as you did in Round 1 and 2.**

Deliverables: Mini Business Plan/Expanded Version of Executive Summary and Live Pitch

We suggest that you use the Executive Summary/Mini-Business Plan[pdf] as guidance when creating your business plan, which should be 5-10 pages. You can add additional information to your business plan.

The mini-business plan submission deadline is Tuesday, March 12, 2024 at 11:59 pm EST via our online platform.

The live presentations are varied based on the graduate and undergraduate tracks.  Graduate tracks are 6 minutes long followed by 5-minute Q&A from the judges, and undergraduate tracks are 5 minutes long followed by 5-minute Q&A from the judges. Time limits are strictly enforced. The live round will be held on Tuesday, March 19, 2024.

The authors of the executive summaries and mini business plans will retain all rights to the executive summaries and mini business plans regarding its use at all times prior to and following the competition except as stated below. Due to the nature of the competition, we will not ask judges, reviewers, staff or the audience to agree to or sign non-disclosure statements for any participant.

All public sessions of the competition, including, but not limited to, oral presentations and question/answer sessions, are open to the public at large. Any and all of these public sessions may be broadcast to interested persons through media that may include radio, television and the internet. Any data or information discussed or divulged in public sessions by entrants should be considered information that will likely enter the public realm, and entrants should not assume any right of confidentiality in any data or information discussed, divulged or presented in these sessions.

Carnegie Mellon University may make photocopies, photographs, videotapes and/or audiotapes of the presentations including the business plan and other documents, charts or material prepared for use in presentation at the McGinnis Venture Competition. Students retain all proprietary rights. The university may use the materials in any book or other printed materials and any videotape or other medium that it may produce, provided that any profits earned from the sale of such items is used by the university solely to defray the costs of future competitions. The university has non-exclusive world rights in all languages, and in all media, to use or to publish the materials in any book, other printed materials, videotapes or other medium, and to use the materials in future editions thereof and derivative products.

View our judging guidelines

View our coaching guidelines