Innovation Centre

You are on: Team Profile

Task:

This is an optional submission. Introduce your team in an innovative way to RBC. Participating entrants receive a chance to win an iPad2^† (or similar) in the iPad giveaway contest.

Must include:

• Team name
• Full name(s) – your team must include a minimum of 3 members
• School(s)
• Major
• 1 Resume per person (optional) with a maximum of two pages per resume. Resumes will be used for RBC Recruitment’s talent pool and can be submitted via the RBC careers platform. https://careers.peopleclick.com/careerscp/client_rbc/
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• Link to Youtube Video - if you choose this format for your introduction, it should be uploaded to the YouTube social network and linked to from the Submission form available on the Registration platform.

Judging:

Your team profile should be submitted by October 11, 2011 in order to be eligible for the iPad2^† give away contest. RBC reserves its right to, at its sole discretion, provide a thank you gift to those teams or individuals who submit by this deadline. Otherwise your submission must be completed no later than the final submission date.

Note:

The content of your Team Profile may be posted to both the Challenge website and to the Next Great Innovator Challenge Facebook page. Resumes may still be submitted without a Team Profile.

You are on: Abstract

Task:

Provide a brief summary that clearly articulates the essential idea of your Submission. Include a summary explanation of the issue or problem you are trying to solve, the reasons why you chose to solve this particular problem and the solution(s) you propose to your problem.

Must include:

• Standard Cover Page Certification and Authorization  submitted as a separate document via the registration portal
• Title page containing: team name, names, idea name, date
• 3-5 Topic Tags
• Use 750-1000 words to answer:
• What is the problem you are trying to solve?
• What is your idea - innovative concept, technology, or tactic

Judging:

Your abstract should be submitted by October 24, 2011 in order to be eligible for the Facebook badge. Otherwise your submission must be completed no later than the final submission date.

You are on: Research & Viability

Task:

Provide background research as to why you chose the idea presented in the Abstract. The research should include demographic and psychographic substantiation that this idea solves both the problem presented in the Challenge Question and the Sub-Problem your team has identified to solve. Provide an analysis on the viability of implementing your idea in the Canadian financial industry. Proof of concepts or of similar projects in other countries or industries can be used as examples to demonstrate that your team idea is realistic and in scope for a large enterprise to implement.

Must include:

• Standard Cover Page Certification and Authorization  submitted as a separate document via the registration portal
• Use 1000-1500 words to answer:
• Why did you select this problem to solve?
• Why is this solution the one you recommend to the problem?
• Give examples that demonstrate that the solution is viable.

Judging:

Your research, viability, and abstract should be submitted by November 14, 2011 in order to be eligible for the facebook badge. Otherwise your submission must be completed no later than the final submission date.

You are on: Project

Task:

Assemble and revise your work to date. This is the time to complete your Submission. Provide the Bank with all required sections plus a final section which pulls the threads of your idea together and extends your idea to look at impacts and implications of implementing the idea on the target market at large.

Must include:

• Standard Cover Page Certification and Authorization  submitted as a separate document via the registration portal
• The total report should be up to 5,000 words.
• All of your work to date
• What are the implications of your idea
• Demonstrate how the idea / concept is a solution to the question RBC asked
• Demonstrate how the idea / concept is a solution to the problem the group is trying to answer

Optional:

Use the Appendices to add evidence to the case for your innovation. (Appendices are not included in word limit).

Judging:

All submissions must be submitted by December 4, 2011 in order to be eligible for the facebook badge and judging process.

Criteria:

Projects will be judged on the following criteria:

40/100 Innovation: Is the idea innovative? Original? Unique? Creative?

20/100 Problem Solving: How well does the proposed solution answer the proposed problem? Is the insight based on strong research?

10/100 Compelling: Is the idea and presentation thereof compelling?

20/100 Benefits: Would the idea benefit RBC Employees and Clients?

10/100 Viability: Could the idea actually be implemented at RBC?

You are on: Final Presentation

Task:

• A free form 15 minute presentation to RBC Sr. Level Executives
• A 15 minute Q&A with the judges, respondents limit answers to 3 minutes each

Must include:

• Introduce your team
• All team members must be present for the Final Presentation
• Articulate your project to the best of your ability
• You are encouraged to present in an innovative way

Judging:

The presentation will be judged by the Sr. level RBC Executives and teams will be ranked in order of 1-5. Prizes will be distributed to the top 5.

Judges will have ten minutes for discussion and deliberation.

Presentations to occur February 23, 2012.

Criteria:

Projects will be judged on the following criteria:

40/100 Innovation: Is the idea innovative? Original? Unique? Creative?

20/100 Problem Solving: How well does the proposed solution answer the proposed problem? Is the insight based on strong research?

10/100 Compelling: Is the idea and presentation thereof compelling?

20/100 Benefits: Would the idea benefit RBC Employees and Clients?

10/100 Viability: Could the idea actually be implemented at RBC?