"I recently had the honor of being hosted by 3MTT Nigeria to celebrate the graduation of Cohort 2 and witness the impressive project pitches. The event, which offered a grand prize of N500,000, is a testament to the Nigerian government's commitment to fostering digital talent and innovation. I extend my heartfelt congratulations to the well-deserved first-prize winners. As a valuable piece of advice for future pitches, I'd like to highlight three crucial points to consider: 🔹 Problem Identification: Clearly articulate the specific problem your product aims to solve. 🔹 Competitive Advantage: Demonstrate how your product surpasses existing solutions in the market. 🔹 Monetization Strategy: Outline a robust business model, including cost analysis and revenue generation potential. Remember, investors seek profitable ventures. A compelling pitch should highlight your product's unique value proposition and its potential for significant financial returns." #3MTT #Hackathon #pitch #sponsor #investors
Sure, proper pitching is key
Amazing
UI UX Design | UX Research | Product Management | Graphics & Logo Designs | Video Editor
4w"Some of the teams that presented at the event struggled to answer questions about their product's monetization strategy. This suggests that they may not have fully considered the investor's perspective. It's crucial to remember that investors seek profitable ventures. Additionally, a few teams overlooked the importance of competitive analysis. They didn't address how their product would differentiate itself from existing solutions in the market. To prepare effectively for your pitch, anticipate potential questions and practice your responses. Consider a mock pitch session with a team member or even in front of a mirror. This will help you build confidence and ensure a smooth delivery. Best of luck!"