Empowering Innovation: Innovative Pitch Competition Shows âEntrepreneurial spirit is thriving at the University of New Havenâ
The Pompea College of Businessâ third annual Smerd Pitch Competition showcased student innovation and collaboration, inspiring creativity and transformative ideas.
November 26, 2024
By Caitlin Truesdale, Office of Marketing and Communications
1st place team (ToGen) of the Pompea College of Business' Smerd Pitch Competition
The Smerd Pitch Competition's an annual competition for aspiring entrepreneurs at the University of New Haven, bringing together students to pitch to a panel of industry experts. For Judith O. Atalor â25 MBA and Mary O. Kakulu â25 MBA, this yearâs first-place winners, the șÚÁÏÉç was transformative, sparking new possibilities for their startup ToGen.
âWhen we came to the U.S. as international students, we realized how much there was to learn about the financial system here,â said Atalor. âUnfortunately, some students we knew made costly mistakes. That inspired us to create a platform that simplifies financial wellness for international students, tailored to their unique needs.â
Their pitch, focused on financial education, resonated with the judges for its clarity and potential impact. âWinning the competition wasnât just a validation of our idea; it was a step forward in making ToGen a reality,â Kakulu explained.
The SMERD competition, now in its third year, also emphasized collaboration and mentorship.
âOne of the standout moments was seeing last yearâs winner, Tomiloba Shokunbi â23 MBA, mentoring this yearâs participants,â said Vasiliki Kosmidou, Ph.D., Smerd Family Associate Professor in Innovation and Entrepreneurship in the Pompea College of Business and the competitionâs lead organizer. âIt created a peer-to-peer connection that perfectly embodies the spirit of Smerd Competition.â
Panel of judges for the 2024 Smerd Pitch Competition
'We had to refine our pitch to resonate with a broad audienceâ
Preparation for the Smerd Pitch Competition is rigorous. Students participated in five workshops led by faculty and industry professionals, focusing on skills such as competitive analysis, marketing, and financial planning. For Atalor and Kakulu, these sessions were instrumental in refining their pitch.
âConsistent practice is key,â said Kakulu. âThe workshops gave us a framework to present our ideas clearly, and the feedback we received helped us develop a compelling narrative.â
Dr. Kosmidou praised this yearâs participants for their adaptability. âDuring the grand finals, judges asked challenging questions,â she said. Instead of faltering, teams pivoted on the spot, demonstrating resilience and creativityâqualities critical for entrepreneurial success.â
Chiamaka O. John â25 MBA, the second-place winner and crowd favorite with Wenigro Power, shared a similar sentiment. âBalancing technical details with simplicity was challenging,â said John. âWe had to refine our pitch to resonate with a broad audience, which taught us the importance of clear communication.â
This adaptability was a highlight for both students and mentors. âSeeing students take feedback and improve in real-time was incredibly inspiring,â Dr. Kosmidou said.
2nd place team (Wenigro Power) of the Pompea College of Business' Smerd Pitch Competition
'The journey from brainstorming to pitching in the finals taught us so muchâ
The winning teams stood out for their clairty, preparation, and storytelling. Judges were impressed with their clear go-to-market strategies and their ability to communicate value effectively.
For Atalor and Kakulu, the most memorable moment was hearing their business name announced as the winner. âIt was surreal,â said Atalor. âThe journey from brainstorming to pitching in the finals taught us so much about resilience and teamwork.â
John, whose pitch focused on smarter energy management, highlighted the power of mentorship and collaboration. âThe and Professor Kosmidou were instrumental in refining our presentation,â she said. Their encouragement gave us the confidence to share our vision.â
Dr. Kosmidou emphasized the long-term benefits of the competition. âItâs not just about winning,â she said. âItâs about building skills such as communication, networking, and the ability to adaptâskills that will serve students in their entrepreneurial careers.â
'The competition validated our ideas and gave us the tools to move forwardâ
For ToGen, the next step is developing a fully operational platform to support incoming international students. âWe believe ToGen can be an invaluable tool,â said Kakulu. âWeâre excited to make it a reality.â
John plans to continue developing Wenigro Powerâs energy solutions. âThis is just the beginning,â she said. âThe competition validated our ideas and gave us the tools to move forward.â
Reflecting on the competitionâs impact, Dr. Kosmidou said, âI am incredibly proud of our students. Their hard work and determination show that the entrepreneurial spirit is thriving at the University of New Haven.â