Flex Your AI Skills and Earn Cash Prizes!
Get ready for an exciting ride! The University of Michigan’s Center for Entrepreneurship (CFE) has some big news: the Generative AI Student Innovation Competition is here, and it’s a game-changer.
If you’ve got a passion for AI, this competition is your stage to shine. We’re talking real-world problem-solving, teamwork, and making a difference with your brilliant AI skills.
The AI Challenge is an exciting competition designed to foster innovation, problem-solving skills, and collaboration among students at the University of Michigan. This competition provides an opportunity for participants to showcase their knowledge and expertise by utilizing artificial intelligence tools (AI) while tackling real-world challenges. Through this competition, we aim to encourage an entrepreneurial mindset, explore cutting-edge AI technologies, and promote interdisciplinary collaboration.
Dates to know:
- Friday 11/17 : Application closes
- First Week of December: 6 teams invited to move forward
- Second Week of December: mentor/advisor assigned to teams
- Friday 2/2: Final Presentations
Team Formation and Project Definition: Any member of the U-M student body may participate. Teams are self-selected and can consist of students from different academic backgrounds to promote interdisciplinary collaboration. It is encouraged that students submit projects related to work that they are particularly passionate about and leverage U-M’s generative AI tools U-M GPT, U-M Maizey, and the U-M GPT Toolkit to offer solutions. You may work towards any solution that furthers the Center for Entrepreneurship’s mission to maximize positive impact on the world.
Research and Development: During the open application period – students should form teams and develop their idea/concept. Students will submit a somewhat well-researched concept when they submit their application by 11/17.
Application Submission: Teams must submit their application by 11/17, which includes a summary of the team’s solution that leverages generative AI. The application will take the form of the NSF Project Pitch with the explicit expectation that students will provide a demonstration of their product or service.
Round 1 Evaluation will take place over the course of a week. Each submission will be evaluated on:
- The Technology Innovation
- Technical Objectives and Challenges
- Market Opportunity
- The Project Team
- The Potential for Positive Impact
Six teams will be selected to continue in the AI competition.
Final Round and Awards: The team finalists will compete in the final in-person round, where they will present their refined solutions and demonstrate their practical implementation to a panel of evaluators and the other teams. The winners will be selected based on their performance in the final round. The 2nd, 3rd, and 4th teams will be awarded $500, while the first-place team will win $3000.
Final Round Criteria: A rubric-like tool will be provided to evaluators to ensure equity and fairness in the evaluation of the team’s presentation and deliverables. These components will include:
- stating the problem
- implementation of the solution
- commercialization roadmap
- AI ethics
- challenges and implications