Event Id : 407

Event Name : Rx Shark Tank

Event Brief :

The objective of this Shark Tank-style event is to encourage students to think innovatively and present novel ideas, research projects, or solutions within the pharmaceutical industry. Students will pitch their ideas to a panel of "Sharks" (judges), who will evaluate the feasibility, creativity, and technical aspects of the proposals.

Event Coordinator :

Ms. Palak Vadodariya, Faculty of Pharmacy, MU

Student Coordinator :

1. Akash Kargathiya.
2. Meet Kakadiya.
3. Freni Savaliya.
4. Mit Jogiya.
5. Rishita mer.

Event Date and Time :

Date: 3th March 2025, Monday
Time: 10:00 am to 12:00 am. 

Location :

MB609 Classroom.

Rules / Guidelines / Judging Criteria For Rx Shark Tank

- Judging Criteria :

• Innovation (30%): How unique and original is the idea?
• Feasibility (25%): Can the idea be implemented successfully with existing technology or resources?
• Technical Knowledge (20%): How well does the participant understand the technical details of their proposal?
• Market Potential (15%): Is there a real-world application for the idea? What is the potential impact?
• Presentation (10%): Clarity, professionalism, and the ability to convey the idea effectively.

- Entry Rules & Guidelines :

1. Participant Pitches 
• Time per Pitch: Each participant will have 2 minutes to present their idea.
• Participant can use the prop’s such as any ointments, tablets and capsules [pharmaceutical products]
• After each pitch, the judges will have 2 minutes for questions and answers.
• All the participants along with there team member must be present sharp at 10:00 am otherwise team will be disqualified. 
• Teams or individual participants are allowed (in group maximum 4 students).
• If any discipline is broken during the event by the group member, then team will be disqualified.
2. Project Criteria:
• The project or idea must be related to the field of pharmacy (e.g., drug development, pharmaceutical technology, healthcare solutions, patient care innovations, etc.).
• It can be a new product, a process innovation, a tech solution for pharmacies, or any creative approach related to the industry.

3.     Presentation Guidelines:

• Participants must present their ideas within 2 minutes. Strict adherence to time is expected. A timer will be used.
• No hand written material for speech will be allowed. 
• Visual aids (PowerPoint, videos, prototypes, etc.) are allowed but should be ready before the event starts. [Need to submit before the day of event.]
• The pitch should include:
• Problem identification (What issue are you solving?)
• Solution overview (How does your idea solve it?)
• Technical explanation (How does it work? What makes it innovative?)
• Feasibility and potential impact in the pharmaceutical industry.

Winners

Top Three Teams are selected based on marks as winner, runner up and second runner up.