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Name:____________________________________Partner (Optional):_________________________________
SEEK Shark Tank Business Invention Challenge (8 th )
Introduction:
Welcome to the Shark Tank! You are being given a HUGE opportunity to sell one of your unique inventions (and business plan) to a group of Brownsburg’s top sharks. These sharks are here to find the top one, two, or three inventions that they believe could truly help them (and YOU) make money in the long run. If these top sharks find your invention and plan enticing, realistic, and profitable, they will choose to invest their own time in helping you become the successful entrepreneur that they believe you can be! This will mean big payoffs for you in the future!
This business endeavor will take place during Friday’s SEEK time only and will last for the duration of the quarter, ending with you entering Brownsburg’s “Shark Tank” to sell your idea. There are no guarantees in this business challenge. The sharks may invest in one, two, or multiple ideas—not every student/group is guaranteed an offer from the sharks. The sharks also reserve the right to decide not to invest in any student/group idea.
If one shark (or multiple sharks) decides to invest in your idea, than you will earn the right to spend additional time with this particular shark (or sharks) further developing your idea for the future. The shark (or sharks) will give you constructive feedback on your idea, toss additional ideas around, and give you multiple resources to further your education within the business field for future endeavors. You will also earn a reward basket for your
AMAZING effort filled with cash (dawg bucks), candy, and items to help foster your creative mind and organize future business plans.
If the sharks decide not to invest in your idea, this does not mean that you have failed the project nor does it mean that you have come up with an unworkable idea. If your idea is not selected, this means that you still have some reworking and finalizing to do in order to really elevate your plan. You may have an amazing start to an idea, but your idea may need to be tweaked, and fortunately, you will still receive constructive feedback.
General Guidelines:
1. You may work as an individual or in a partnership. (Keep in mind that all partnerships will be splitting rewards.) You may only work in a partnership with a parent/guardian consent form. All partnerships will be locked-in throughout the duration of the project AND all partners within partnerships will receive IDENTICAL grades. If you are successful, you are successful together! (And so on and so forth!)
2. You must pitch an original invention to the sharks. There are businesses that run off of services, and other non-tangible ideas, however, for this edition you will be required to create a 3D tangible prototype of your original invention (OR create artifacts to help explain your idea). Your original invention should be something
that cannot be found on the Internet under a different creator’s name. Your invention prototype may not include any type of food material and may not have any ingredients that “expire.”
3. You must also pitch a business plan to the sharks. *The details of your business plan are listed under the protocol.
4. You may only work on your Shark Tank assignments during SEEK time; however, you may possibly be given additional time other than your scheduled Friday time. Only the supervising teacher has the right to denote additional SEEK time. This also means that while you are allowed to gather materials for your invention outside of school time, you are NOT permitted to work on constructing your invention outside of SEEK time, nor are you allowed to work on any other physical part of the project outside of SEEK time (unless you have been given a specific note of approval from your supervising teacher.) Breaking your permitted time frame could result in disqualification from the Shark Tank. You ARE permitted to brainstorm and research ideas outside of normal SEEK time.
5. Unlike the television show, the Brownsburg sharks will announce which invention or inventions they decide to invest in AFTER all of the pitches have been made.
Grading:
You (as either an individual or as a partnership) will be graded on both of the following rubrics:
[You will be graded on a weekly basis.]
0 pts .25 pts .5 pts .75 pts 1 ptParticipation(on Fridays)
You have not contributed to progression of
the project.
You have contributed
about 10 solid minutes to the progression of
the project.
You have contributed
about 20 solid minutes to the progression of
the project.
You have contributed
about 30 solid minutes to the progression of
the project.
You have worked solidly
on the progression of
the project during the entire available SEEK
time.
0 pts .25 pts .5 pts .75 pts 1 ptProtocol
MilestonesYou have not turned in any
milestone materials.
You have turned in a ¼ portion of
a milestone material.
You have turned in a ½ portion of
a milestone material.
You have turned in a ¾ portion of
a milestone material.
You have turned in a fully
completed milestone material.
Project Protocol:
Day 1 – Introduction of challenge, examples, initial brainstorming
o Milestone: Turn in THIS packet with your full name at the top of the first page (and your potential partner’s name)
Day 2 –Partnerships created, list of “everyday” problems, brainstorming of possible solutions (inventions), initial sketches of prototype(s)
o Milestone: Turn in your list of “everyday” problems (minimum 5) and your list of possible solutions (both may be on the same sheet of notebook paper)
Day 3 – Choose one focus invention, create formal sketch/scale drawing of prototype, create a detailed materials list for building the prototype (all materials AND tools needed to build prototype)
o Milestone: Turn in your formal prototype scale drawing and a copy of your materials list (both may be on the same paper, please indicate which student is bringing in which materials/tools)
Day 4 – Bring in materials for invention prototype, build prototype, test prototype, and alter if needed
o Milestone: You have all necessary materials/tools present in order to build your prototype (please have your supervising teacher check this for completion)
Day 5 – Finish building invention prototype, clean up all materials/tools
o Milestone: You have finished your prototype and cleaned up your work area(s) and all of your materials/tools (please have your supervising teacher check this for completion)
Day 6 – Begin business plan:
o Milestone: Turn in the following items on the same sheet of notebook paper:
1. The name of your invention
2. The materials used in your invention (only include the materials actually used in the prototype)
3. A description of what your invention does/what it is used for
4. The cost to build your prototype
5. The price for the general public to purchase the product
6. Where/how you envision your product being sold
7. Who is your target audience for this particular product? Why?
8. If you sell 150 units of your invention, how much profit will you make?
Day 7 – Type formal business plan and develop final scale drawing of your prototype
o Milestone: Turn in your answers to the above questions in a typed format. Beforehand, have a peer edit your document. Attach a formal scale drawing of your prototype (you may use the computer to complete this or your may once again hand-draw your scale drawing). Your final scale drawing must include your prototype’s ACTUAL measurements and materials, regardless of what your original scale drawing indicates.
Day 8 – Practice your Shark Tank pitch, receive practice “shark” questions, finalize any remaining unfinished milestones, create a sales pitch poster to help you promote your invention/business plan during your actual Shark Tank presentation, think about how you are going to demo your idea
o Milestone: Practice your Shark Tank pitch at least once with your supervising teacher. If you are in a partnership, both students must speak for approximately the same amount of time during the pitch.
Day 9 – YOU ENTER THE SHARK TANK! YOU ARE READY! YOU ARE CONFIDENT! YOU WILL MAKE THIS DEAL TODAY!
o Milestone: You need to dress for success. Make sure you have the following items for your pitch: Your prototype, your typed business plan/final scale drawing (stapled together), your sales pitch poster, any other materials needed during your demo/presentation time.
Parent/Guardian Consent Form – Shark Tank Challenge
Hello! Your student has elected to work in a partnership during his or her SEEK “Shark Tank Challenge.” Please take a moment and read the overview of the upcoming challenge. Students who elect to work in a partnership will be expected
to complete this challenge in the same partnership. I would like to make you aware that all students involved in the partnership will receive identical grades. Students are not required to work in partnerships and may complete the
challenge as a single individual. If you would like to allow your student to work in a partnership, please sign and date below
X______________________________________________________________________________________
(Parent/Guardian Name Printed)
X____________________________________________________________Date:_________________________
(Parent/Guardian Name Signed)
If you have any questions regarding this challenge, please feel free to email me at [email protected]
Thank you very much for your time!
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Parent/Guardian Consent Form – Shark Tank Challenge
Hello! Your student has elected to work in a partnership during his or her SEEK “Shark Tank Challenge.” Please take a moment and read the overview of the upcoming challenge. Students who elect to work in a partnership will be expected
to complete this challenge in the same partnership. I would like to make you aware that all students involved in the partnership will receive identical grades. Students are not required to work in partnerships and may complete the
challenge as a single individual. If you would like to allow your student to work in a partnership, please sign and date below
X______________________________________________________________________________________
(Parent/Guardian Name Printed)
X____________________________________________________________Date:_________________________
(Parent/Guardian Name Signed)
If you have any questions regarding this challenge, please feel free to email me at [email protected]
Thank you very much for your time!
