UIDEA S20 Demo Day

S20 Demo Day Webinar

The University of Illinois Foundation held the fourth UIDEA Demo Day featuring virtual pitches from the Spring 2020 Batch on Tuesday, May 19, 2020.

Annual Foundation Business Meeting Webcast

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.

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