An Innovation Pitch Competition open to all students and majors will take place from 5 p.m. to 8:30 p.m. in the Maintenance Shop at the Memorial Union.

This is the seventh year the competition will be hosted by the Entrepreneurship and Innovation Learning Community.

The 38 students registered will have 90 seconds to pitch their business idea to a panel of judges. If time permits, they will also allow late registrations.

There are four cash prizes available: $1,000 for overall best pitch and $500 each for social venture, new business idea and new innovation.

There will also be an “Audience Choice” award, in which audience members vote for their favorite pitch without consulting the judges.

The event is sponsored by Renewable Energy Group, Ames Economic Development Commission, Workiva and the ISU Pappajohn Center.