Got an idea for a business? This competition could kick it in gear
Would-be business owners could get a leg up via an yearly levels of competition held this month.
The third yearly 53 Ideas Pitch Competitiveness is underway and could mean money prizes as effectively as coaching on pitching, funding, forecasting and common enterprise.
“There is bigger awareness that people are trying to find money to bring their strategies to everyday living, but have issues acquiring it,” mentioned Steve Padgett, director of the Modest Business Heart at Cleveland Community College.
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Research display that four out of 5 business owners do not access lender financial loans or venture money. Rather, their sources of funding are particular network, generational wealth or connections to networks. The 53 Ideas Pitch Levels of competition exists to assist reduce this inequality in entrepreneurship.
“We know businesses start with excellent suggestions and if we can offer sources to nurture and grow people concepts, our local community will prosper,” Padgett explained.
The contest is supported by Cleveland Community College or university and Fifth Third Bank with absolutely free assets made available by Compact Enterprise Facilities found at group colleges in the course of the location, which include Central Piedmont, Cleveland, Gaston, Mitchell, Rowan-Cabarrus, South Piedmont and Stanly.
Here’s how it will work:
To enter, persons have 53 seconds to share their concept in the type of a online video submitted at 53concepts.com.
Spherical one is dependent on the notion. Contestants do not have to be pitch pros. They just have to have to share who they are, their strategy, the dilemma it solves, how it is new or excellent to an existing item or support and how they can make it transpire.
Judges will select the best 53 suggestions, and all those contestants will go on in the competitiveness to obtain instruction to support them get ready a 3-moment pitch for the 2nd spherical of the levels of competition.
Judges will then narrow the area to the top rated 10, and individuals picked will obtain $250 right before relocating ahead to contend in the Pitch Working day finale. The prime location will receive $10,000, 2nd position $5,000 and 3rd area $2,500 to assist convert their thought into a practical business.
“We are fully commited to supporting entrepreneurship throughout Charlotte and during North Carolina,” explained Joel Dancy, with Fifth 3rd Bank. “We are incredibly energized to all over again be supporting the 53 Tips Pitch Levels of competition simply because it not only can help in the short expression with obtain to funds for the winners but also in the very long phrase by way of economic education for all contributors.”
Past year’s competitors gained extra than 130 entries.
Nicole Hawthorne was introduced the winner for Jayla’s Heirlooms, a company furnishing handcrafted diverse dolls. Nicole went on to lover with Amazon, where her culturally varied dolls are obtainable for young children and family members worldwide.
To find out additional and enter this year’s pitch competition by the May possibly 31 deadline, go to 53suggestions.com.
This write-up at first appeared on The Shelby Star: 3rd yearly 53 Suggestions Pitch Level of competition delivers business options
