Pitch competitions are events where entrepreneurs present their business ideas to a panel of judges and an audience. Participants typically have a limited amount of time, often just a few minutes, to explain their concept, market potential, and financial projections. The goal is to impress the judges and secure funding or support for their ventures. These competitions can take place in various settings, including universities, startup incubators, and industry conferences. Winners often receive cash prizes, mentorship, or access to valuable resources. Notable examples of pitch competitions include Shark Tank and TechCrunch Disrupt, which showcase innovative ideas and emerging startups.