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PROOF OF CONCEPT COMPETITION


Ideate, Prove, Solve, Win!

Applications accepted now through December 2, 2016.

Enter your application to compete. 

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PROOF OF CONCEPT COMPETITION


Ideate, Prove, Solve, Win!

Applications accepted now through December 2, 2016.

Enter your application to compete. 

 

COMPETITION DETAILS

Do you have an idea that solves a business or social challenge? We are calling all undergraduate student inventors, problem solvers and entrepreneurs to apply for a chance to win up to $2,000 to use for building their inventions, mentoring, and resources. The cash prize for the first round is up to $2,000. Winners that go on to the next round can get up to $3,000 in additional funding.

Competition Tracks:

  • Social Innovation Projects (projects that may have a social impact)
  • Innovative Projects (general track for all other innovative projects)

Proposal Evaluation:

Video proposals will be evaluated on level of innovation, commercial potential, competitive advantage and potential for making an impact.

APPLICATION DEADLINE: FRIDAY, DECEMBER 2, 11:59 PM


HOW TO APPLY

Submit a 3 to 5 minute (max) video proposal and a preliminary spending budget for use of the $2,000 to build your invention. The quality of video production is not a criteria, feel free to use your phone or OneButton studio in Price Center.

Your video proposal should answer the following questions: (Be specific in your responses).

  • What’s your idea or product?
  • What problem will your idea solve?
  • Who will benefit from your solution?
  • Identify any similar products on the market, and explain how yours is better.
  • How will you use the funds if awarded?
  • Who are you? (brief bio of you and your team, if team application)

Submit video proposals and preliminary budgets by December 2nd, 2016 11:59pm in order to be considered for selection.  To enter the competition, submit a Video Application and a Preliminary Spending Budget for use of the $2,000 prize if awarded in order to prove your concept.

Apply here


eLIGIBILITY

Applicants must be current UC San Diego undergraduate students.  Single member and team (2-4 member) proposals accepted. All current undergraduate students, ideas, disciplines, and majors welcomed.

 
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Our Story


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Our Story


There's something happening in The Basement.

In alignment with Chancellor Pradeep K. Khosla’s emphasis on entrepreneurship, and with the generosity and vision of its supporters, this site was transformed into the nexus of innovation at UC San Diego – bringing together students and alumni, ideas and inspiration, earnest ambition, and real-world experience. The humble beginnings you see here testify to the growth made possible by innovation, as the page is turned on a new chapter of university history. 

The Basement is a space where student entrepreneurs can gather and be nurtured, and with alumni support and visionary leadership, they can grow companies and social innovation ventures that become the fabric of our community, creating jobs and inspiring a culture of ingenuity and impact. 

The Basement promises opportunity for all university students – regardless of college or department affiliation. The space will provide students with mentors, guidance, and funding to bring innovative ideas to life and further stimulate, encourage, and serve the entrepreneurial spirit of UC San Diego students.  


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OUR Mission


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OUR Mission


 

Moving Big Ideas Forward.

The Basement’s student-centric mission is to stimulate, encourage and serve the entrepreneurial spirit of UC San Diego students by providing a co-work and incubation space.

As a shared campus-wide enterprise managed by Alumni and Community Engagement, The Basement is part of a collective comprised of campus partners, alumni leaders, Alumni and Community Engagement and Career and Professional Development staff.  

Thanks to the visionary leadership and support of Jeff Belk, ’83, ICT 168 Capital, LLC; Aryeh Bourkoff, ’95, LionTree LLC; and Mark Suster, ’91, Upfront Ventures;
The Basement launched on February 6, 2015 and officially accepted its inaugural
class of teams in Spring 2015.