Live presentations will take place in two rounds. All live presentations will be a maximum of 10 minutes in length, with 10 minutes of questions from the judging panel and will be hosted virtually via Zoom. Judging will not be biased based on the type of business and their inherent pivoting timeframe (i.e. web-based businesses are able to pivot inherently more quickly compared to physical product-based businesses).

First Round
Semifinalist teams will be required to present their presentations live via Zoom, hosted by EPICentre. Teams will present to a panel of highly experienced and qualified business experts. Each team will be assessed based on the judging criteria below. Up to 6 teams with the highest score will move to the finalist round.

Second Round
The final presentations will take place virtually, in front of a new panel of judges, and the winner and runner-up of the RBC EPIC BMCC will be determined. Each finalist team will be judged on the Main Judging Criteria.

Each of the following criteria will be scored on a scale from 1 – 5, with 1 being poorly explained and 5 being exceptional.

Main Judging Criteria
Semi-Final and Final Competition will be judged on the following:

1. Did the team clearly state their initial hypotheses and how they were developed?
2. Is the customer problem a ‘significant’ problem and was ‘significant’ defined?
3. Did the team identify which hypotheses are most crucial for their business success and therefore should be tested first?
4. Did the team create fast, low cost, and effective methods for testing their hypotheses?
5. Did the teams use the testing methods they developed in a reliable and effective manner?
6. Did the team develop conclusions from the results of their testing, and did they clearly state whether their hypotheses were validated or invalidated?
7. Did the team pivot based on supporting evidence from their testing?
8. Did the team develop a minimum viable product, as opposed to immediately creating a full product, which addressed their hypotheses for further testing?
9. Did the team use a business model canvas to record their progress?
10. Did the team provide evidence that their business model/solution to a customer problem was validated?