Teams were tested through a series of challenges with teachers, students, business leaders, and NBC News Talent, culminating in an exacting pitch contest live on the Summit stage. One team, Code HS, walked away with a $75,000 prize from Robin Hood. The Innovation Challenge was sponsored by Robin Hood, and supported by the NewSchools Venture Fund.
Building on the success of the 2011 and 2012 competitions, this year’s Innovation Challenge came back with challenges aimed at testing the strength of the three teams’ ventures and their skills as entrepreneurs. CNBC Reporter Julia Boorstin hosted, with NBC News cameras following every step of the way.
Challenge 1: DonorsChoose, Wednesday, 9/25, 4:45 PM EST
Live from NBC studios at 30 Rock, CNBC’s Julia Boorstin and DonorsChoose CEO Charles Best kicked off the Innovation Challenge via Google Hangout. For this challenge, each team was assigned to help a group of DonorsChoose classroom projects reach their fundraising goals. The teams can use all resources and media to help raise funds for these classrooms and students in need. The only catch: the team members and their immediate family members cannot donate to the project. The team that raises the most funds by Friday, October 4 wins points towards their overall score. Check out the projects on DonorsChoose.org.
Charles Best Evaluates the teams with Julia Boorstin after the Google+ Hangout:
Challenge 2: Mad Money Pitch
Our three teams had two minutes each to pitch their ventures to CNBC’s Jim Cramer, host of Mad Money. You’ll have to wait until Tuesday’s live pitch contest from the Summit stage to see the teams in action, but check out Jim Cramer’s reactions to the pitches in the videos below. This is a special sneak peak of the 2013 Innovation Challenge.
Jim Cramer on Code HS
Jim Cramer on Gigabryte
Jim Cramer on Teachley
Challenge 2 Wrap-Up
Meet the Innovation Challenge Teams
Checking in on the Innovation Challenge
The Innovation Challenge Pitches
The Innovation Challenge Finale