How to Run a

SUCCESSFUL ONLINE
SHARK TANK
BUSINESS
INNOVATION CONTEST

Prototype
On the TV show “Shark Tank” contestants
have a few minutes to sell their big ideas
to seasoned investors.

Goal
Design a high-pressure online team setting in
which only the best ideas and the perfectly
delivered pitch by the most capable
entrepreneurs and communicators
are carefully evaluated.

Result
Ideas with the most transformative
potential are identified.

Focus Areas
In your Shark Tank Contest you can focus on areas like:

Business Model Systems and Process Customer Satisfaction

Innovation Improvement and Retention

Project Data Card

Project
Internal team-based online business competition.

When useful?
At any time. Best as a key element of a sustainable
innovation program.

Desired outcomes
Identify high-value business opportunities.

Event Duration
Typically 4 to 12 weeks.

Level of engagement
High: successful events yield up to 60%
participation from invitees.

SHARK TANK — THE 5 STAGES

STAGE 1

Define
Spotlight the major issue to tackle,
Document the evaluation process,
Select participants.

STAGE 2

Launch
Communicate challenges and goals of the
competition, Send out invitations,
Run the Shark Tank sessions,
Measure engagement and collaboration.

STAGE 3

First Round
Select the best teams and solutions,
Announce teams and ideas that were selected,
First round winners submit the business case.

STAGE 4

Second Round
Evaluate the business cases.

STAGE 5

The Winner
Announce the winning teams and ideas.

Your Online Shark Tank

Event Outcomes

Your Shark Tank Event will provide you with killer investment-ready
ideas and extend a unique opportunity to your workforce to share their
creativity, insight, competitive spirit and business decision making skills.

Planbox powered Shark Tank

Services include:

Set-up and Map business issues Design and

configuration of a into themes, focus development of a
complete internal areas and challenges competition portal,
competition plus daily content
management platform and updates during
the event

Organization of Post-competition
pre-competition result analysis
trial runs

Customer impression
“Planbox met our criteria of capturing and managing idea
submission, automatically generating reports to monitor the
innovation process, and the flexibility to customize business
rules and automate communications.”

Karin Beckstrom Sr. Product Manager, ERT

Contact us
info@planbox.com
North America: 1-855-PLANBOX (855-752-6269)
International: 1-514-788-4703
www.planbox.com