Would-be business owners could get a leg up by an once-a-year level of competition held this month.
The 3rd yearly 53 Suggestions Pitch Competitors is underway and could suggest income prizes as perfectly as coaching on pitching, financing, forecasting and typical organization.
“There is increased consciousness that folks are searching for money to provide their tips to life, but have difficulty acquiring it,” mentioned Steve Padgett, director of the Modest Enterprise Middle at Cleveland Community University.
Reports clearly show that 4 out of five entrepreneurs do not entry bank financial loans or enterprise funds. In its place, their resources of funding are personal community, generational prosperity or connections to networks. The 53 Ideas Pitch Competitors exists to aid reduce this inequality in entrepreneurship.
“We know enterprises get started with fantastic suggestions and if we can offer resources to nurture and mature those suggestions, our local community will thrive,” Padgett claimed.
The contest is supported by Cleveland Neighborhood Higher education and Fifth Third Lender with free methods provided by Tiny Business enterprise Centers situated at neighborhood schools through the area, together with Central Piedmont, Cleveland, Gaston, Mitchell, Rowan-Cabarrus, South Piedmont and Stanly.
Here’s how it functions:
To enter, persons have 53 seconds to share their idea in the form of a online video submitted at 53strategies.com.
Spherical one particular is based mostly on the strategy. Contestants do not have to be pitch execs. They just need to have to share who they are, their plan, the trouble it solves, how it is new or excellent to an present item or service and how they can make it take place.
Judges will find the prime 53 thoughts, and all those contestants will move on in the competition to acquire coaching to enable them get ready a a few-minute pitch for the 2nd spherical of the level of competition.
Judges will then narrow the discipline to the best 10, and those chosen will get $250 prior to shifting forward to contend in the Pitch Day finale. The top spot will acquire $10,000, 2nd area $5,000 and third place $2,500 to support turn their notion into a practical business.
“We are dedicated to supporting entrepreneurship throughout Charlotte and all over North Carolina,” reported Joel Dancy, with Fifth Third Bank. “We are really fired up to again be supporting the 53 Strategies Pitch Level of competition due to the fact it not only can help in the brief term with obtain to capital for the winners but also in the extensive time period by way of economical training for all contributors.”
Last year’s competitors gained far more than 130 entries.
Nicole Hawthorne was announced the winner for Jayla’s Heirlooms, a business supplying handcrafted diverse dolls. Nicole went on to husband or wife with Amazon, in which her culturally various dolls are out there for young children and families around the world.
To discover extra and enter this year’s pitch levels of competition by the May possibly 31 deadline, go to 53strategies.com.