Food and Beverage Product Development Competition
Event details
When
from 05:00 PM to 05:00 PM
Contact Name
The FAPC Food & Beverage Product Innovation Competition provides a venue for college students to share with the Food Industry creative and innovative ideas for new food and beverage products. Applicants selected to compete are to adhere to the following:
Award Amounts
Representatives from the food & beverage industry will serve as judges. The awards will be presented at the conclusion of the event.
1st Place = $500
2nd Place = $250
3rd Place = $100
Entry Fee
Selected applicants will need to submit a $25 deposit to reserve a spot in the competition, which will be refunded after the event. The fee will be forfeited by applicants who fail to show and complete the event. Cash or check is accepted. If paying by check, please make payable to OSU Foundation.
Eligibility
Competitors/Competing Teams must be currently enrolled students either graduate or undergraduate. Teams may consist of both classifications. The competition is open to students from any Oklahoma college or university.
Requirements
On the day of the event, each competitor/team will be provided a table to display a story board or poster and product samples for tasting. Additionally, each competitor will provide a 3- to 5-minute audio visual presentation in the Kerr Auditorium. Time for questions and answers by judges and audience participants will be provided. Each presentation should include ingredients (including allergens), nutrition information, process description, market potential and profit potential. Please see “Evaluation Criteria” for more details.
Reimbursement of Expenses
Competitors will be reimbursed up to $100 for ingredients and supplies (e.g. napkins, serving trays/cups, etc.). Original receipts must accompany the reimbursement request. Reimbursements will be paid to the competitors by October 1, 2017 and will include the refunded entry fee. Applicants who fail to show at the event will not be reimbursed.
Evaluation Criteria
Entries will be judged on both oral presentation quality and product characteristics. Each entry will be scored on a basis of 100 points total, according to the following criteria:
Oral Presentation Evaluation
- Consumer Appeal/Market Potential 20 points
- Clarity/Organization of Presentation 15 points
- Product & Process Description 15 points
Product Evaluation
- Product Appearance/Texture/Taste 20 points
- Creativity/Uniqueness 15 points
- Commercial Process Description 15 points
Intellectual Property Information
It is not the desire of OSU to pursue intellectual property rights for products entered into this competition. Students from other institutions are free to pursue IP discussions at their own institution. It should be noted that ‘recipes’ are very difficult to patent, and students are encouraged to keep thorough and meticulous notebooks containing product development details.