Would-be entrepreneurs could get a leg up by way of an annual competitiveness held this month.
The 3rd annual 53 Strategies Pitch Competitiveness is underway and could mean cash prizes as effectively as coaching on pitching, financing, forecasting and basic organization.
“There is higher consciousness that men and women are searching for capital to provide their concepts to existence, but have problems finding it,” reported Steve Padgett, director of the Modest Enterprise Center at Cleveland Group Higher education.
Scientific tests demonstrate that 4 out of 5 business owners do not access lender loans or enterprise money. Rather, their sources of funding are own community, generational prosperity or connections to networks. The 53 Suggestions Pitch Competition exists to aid reduce this inequality in entrepreneurship.
“We know enterprises commence with fantastic strategies and if we can present resources to nurture and mature these strategies, our neighborhood will prosper,” Padgett said.
The contest is supported by Cleveland Group Higher education and Fifth Third Lender with free sources available by Little Company Facilities found at local community colleges throughout the location, such as Central Piedmont, Cleveland, Gaston, Mitchell, Rowan-Cabarrus, South Piedmont and Stanly.
Here’s how it performs:
To enter, individuals have 53 seconds to share their strategy in the variety of a online video submitted at 53tips.com.
Round one is dependent on the idea. Contestants do not have to be pitch professionals. They just have to have to share who they are, their idea, the dilemma it solves, how it is new or excellent to an present products or assistance and how they can make it transpire.
Judges will pick the top 53 concepts, and these contestants will shift on in the level of competition to acquire schooling to enable them get ready a a few-moment pitch for the second spherical of the levels of competition.
Judges will then slender the field to the prime 10, and these selected will receive $250 ahead of relocating ahead to compete in the Pitch Day finale. The top spot will obtain $10,000, second position $5,000 and third area $2,500 to aid switch their thought into a viable small business.
“We are dedicated to supporting entrepreneurship throughout Charlotte and in the course of North Carolina,” explained Joel Dancy, with Fifth 3rd Bank. “We are pretty enthusiastic to again be supporting the 53 Thoughts Pitch Competitors because it not only aids in the small term with obtain to money for the winners but also in the prolonged phrase by means of economical education for all members.”
Last year’s competitiveness received extra than 130 entries.
Nicole Hawthorne was announced the winner for Jayla’s Heirlooms, a organization supplying handcrafted diverse dolls. Nicole went on to husband or wife with Amazon, wherever her culturally assorted dolls are obtainable for kids and family members globally.
To find out far more and enter this year’s pitch levels of competition by the May 31 deadline, go to 53concepts.com.