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Teaming up with New York’s Fashion Institute of Technology to Empower the Entrepreneurs of Tomorrow

Teaming up with New York’s Fashion Institute of Technology to Empower the Entrepreneurs of Tomorrow

Along the way with our mission to empower the world with web3 tech, Gala has learned many lessons. One of the most resounding is the importance of fostering the next generation of builders in this constantly changing world of immersive technology. We’re looking to support the upbringing of new innovators in web3 tech, inspiring creativity on new levels, building careers and creating new ways for GalaChain to change the world.

We’re incredibly excited to kick off Gala Music’s University empowerment initiative by hosting a special FIT “Student Entrepreneurship Pitch Competition” to be held during the school’s spring semester of 2024. Any undergrad student from the Fashion Institute of Technology is eligible to participate, with cash prizes provided by Gala for the top 3 contestants..

What is FIT?

The Fashion Institute of Technology (FIT), part of the State University of New York (SUNY), is a public college in New York City with a focus on art, business, design, and technology related to the fashion industry. Established in 1944, it boasts a vibrant, creative environment for its over 9,700 students. FIT offers nearly 50 undergraduate and graduate programs across various fields, preparing students for careers in the ever-evolving creative economy. Its strong industry connections and New York City location set it apart, making it a leader in fashion education.

How was this Competition Born?

Gala wants to partner with secondary education institutions and programs that share our values of empowerment through new tech and decentralization. FIT’s Entrepreneurial program was a perfect fit for this competition, which we hope will be the first of a series of different competitions around the world, sponsored by Gala and built to show tomorrow’s entrepreneurial innovators practical applications for their brilliantly creative spirits. 

Participating students will work with faculty mentors and Gala Music team members, getting to know the ins and outs of GalaChain and becoming familiar with the core Gala principles of decentralization and interoperability. By envisioning and pitching a project for the GalaChain ecosystem, students will learn valuable practical skills that guide them through the highly marketable process of web3 development.

How does it Work?

The Student Pitch Competition will be presented to undergrad and graduate students in a handful of Entrepreneurship classes during the spring semester:

EP 311 – Introduction to Entrepreneurship
EP 321 – The Business Plan
EP 360 – Social Enterprise
EP 362 – Introduction to Blockchain
EP 452 – Entrepreneurship Practicum

Participants will create video pitch decks and presentations for new entrepreneurial business concepts, projects, products and services, giving them an exceptional opportunity to put FIT’s entrepreneurial principles into practice.

With 2 rounds of submission and presentation, the field of participating contestants will ultimately be narrowed down to three overall winners. First place will receive a prize of $3000, 2nd place will receive $1500 and third place will receive $500. As the host of this competition, Gala will provide prizes for the winners.

With the spring semester already underway, the initial submission round deadline is April 4th. Ten contestants will move on to the 2nd round and submit their final pitch presentations to the panel of judges, made up of Gala representatives and select industry community members.

We look forward to sharing the winning entries with the community next month, as well as the invaluable opportunities unlocked by participating students.

Gala is creating a web3 world of innovative new ideas, led by the visionary minds of tomorrow.
Join us at Gala Music to start empowering emerging artists and creators today.