Demo Day FAQs
What is Demo Day?
If you are new to Demo Day, welcome! Demo Day is the culminating event of each UIDEA batch (cohort). This is a chance for the teams to showcase their ideas/work and gather a LOT of feedback all at once.
How do the pitches work?
Each team has a 35-minute window. During the first 15 minutes, the team presents a problem or opportunity, a solution, evidence or stories to support the solution, a budget, a plan, and an ask. After the pitch, the audience (in person and livestream) has five-ish minutes to ask the team questions. Then the Selection Committee (the people who decide which initiatives are funded) and advancement leadership have ten-ish minutes to ask questions. The final five minutes are used to provide written feedback/scoring for the teams.
What happens after today?
While UIDEA is billed as a 12-week program, Demo Day isn’t the end. The teams take Demo Day feedback into consideration, rework their asks if necessary, and create a full due diligence report (with way more answers and details than you could possibly see in their pitches) in advance of a due diligence session with the Selection Committee, where even more questions are asked. The Selection Committee then decides which ideas will be advanced/funded and those teams start piloting or scaling their ideas.
Huh? Not sure about one of the acronyms used today?
We have a handy 12-page list of (not nearly all of the) acronyms we might use in advancement: go.uif.uillinois.edu/Acronyms.