How to use YouNoodle for your University Entrepreneurship Competition
In the last few years, University Entrepreneurship Competitions have increased across universities around the globe, some have even started accelerators or incubators to help their students bring their ideas to fruition. Institutions are looking for different ways to encourage and support students on their path to innovation and entrepreneurship. However, organizing competitions can get exhausting both for your applicants and evaluators if you do not have the right tools.
If you are looking to organize your data entries, decrease the flood of emails, and stop the endless search for attachments, using an integrated application and evaluation platform, like YouNoodle Compete, will save you time and help your program succeed.
Determine your eligibility criteria and create an approachable application form
When running an entrepreneurship competition, the first thing you need to do is to think about who you want to attract to your program. Once you have envisioned your ideal applicant, consider how your application form can help you approach this target, and lastly, how you can facilitate a positive user experience for the applicants.
Following these steps will help you avoid confusion about eligibility and save time for both you, as an admin, and your pool of applicants. Allowing for a wide variety of formats on the application form (audio, video, or text), will permit the students to take their pitches to the next level.
Our technology platform allows you to design application forms as basic or as complex as you desire. It can be as simple as a signup form or as complex as enabling conditional logic in your application forms or even running multiple application rounds.
Automate your communication to save time
When running an entrepreneurship competition, having clear deadlines is key to avoiding incomplete applications or last-minute evaluations. Sometimes, however, even when deadlines are clear and visible, participants and evaluators appreciate email reminders. With our platform, customizing email templates for applicants and evaluators with our scheduled email feature is quick and intuitive. This allows you to communicate with both groups, from the same place, without ever losing track of the conversations.
Map your evaluation process
Not all programs have the same requirements, and being able to create multiple evaluation rounds will help you obtain a more unbiased result. Additionally, having a customized evaluation platform that provides the right environment for your evaluators to properly review and evaluate each application, will enrich your program by highlighting the best projects for your program, while screening out the less relevant projects.
Investment Judge Round
In an attempt to help evaluators and program admins towards more unbiased evaluations, we created a new tool called the Judge Investment Round. This tool uses gamification to make the evaluation process more fun and engaging and allows the evaluators to take an actual stand on how much they are willing to invest in a project.
The Judge Investment Round is a popularity measure. In this type of evaluation round, all participating evaluators will be assigned to all the applications, and each evaluator is assigned a predefined amount of money that they will distribute to their liking.
Real-time analytics
Our platform allows you to check real-time metrics and generate charts that provide a summary of the applications you are receiving. Collect, analyze, and compare data to track your application process to detect what worked and what did not to improve your program for future iterations.
Additionally, you can take a look at all the applications that did not get submitted and try to find commonalities in where applicants dropped off to improve your application form. Review the demographic and geographic reports and detect if there is a group or location that did not perform as you had hoped.
Saving time using a specialized application and evaluation platform is just one of the multiple benefits of utilizing a tool like YouNoodle Compete. Investing in a technology platform can leverage your University Entrepreneurship Competition in ways you have never anticipated. More than a management tool, it is the key to your program’s success.
If you are interested in learning how these features could enhance your competition and help you achieve your management goals, request a demo session today, and one of our experts will help guide you through our platform and show you how we can help improve and scale your University Entrepreneurship Competition.
