53 Ideas

53 Tips

Would-be business people could get a leg up by way of an yearly competitors held this month.

The third once-a-year 53 Strategies Pitch Competition is underway and could necessarily mean cash prizes as effectively as coaching on pitching, funding, forecasting and standard business.

“There is higher recognition that persons are trying to get money to deliver their concepts to lifetime, but have problem acquiring it,” reported Steve Padgett, director of the Little Enterprise Centre at Cleveland Local community Higher education.

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Reports display that four out of five business people do not access financial institution loans or enterprise funds. As an alternative, their resources of funding are own community, generational wealth or connections to networks. The 53 Thoughts Pitch Competitiveness exists to help lessen this inequality in entrepreneurship.

“We know organizations commence with excellent concepts and if we can present assets to nurture and develop those people tips, our group will prosper,” Padgett mentioned.

The contest is supported by Cleveland Community College or university and Fifth 3rd Bank with absolutely free methods presented by Compact Organization Facilities positioned at community schools through the location, which includes Central Piedmont, Cleveland, Gaston, Mitchell, Rowan-Cabarrus, South Piedmont and Stanly.

Here is how it works:

To enter, people today have 53 seconds to share their plan in the sort of a video submitted at 53tips.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 notion, the issue it solves, how it is new or superior to an current product or service and how they can make it come about.

Judges will choose the top rated 53 ideas, and people contestants will move on in the competitors to acquire instruction to assistance them put together a 3-moment pitch for the second round of the competitiveness.

Judges will then slender the subject to the leading 10, and people picked will get $250 before relocating ahead to compete in the Pitch Day finale. The top rated spot will receive $10,000, second area $5,000 and 3rd put $2,500 to aid flip their notion into a feasible business.

“We are fully commited to supporting entrepreneurship across Charlotte and in the course of North Carolina,” mentioned Joel Dancy, with Fifth Third Financial institution. “We are quite psyched to once again be supporting the 53 Ideas Pitch Level of competition due to the fact it not only will help in the small time period with accessibility to money for the winners but also in the lengthy expression by means of money education for all participants.”

Previous year’s competition obtained additional than 130 entries.

Nicole Hawthorne was declared the winner for Jayla’s Heirlooms, a business furnishing handcrafted varied dolls. Nicole went on to companion with Amazon, in which her culturally diverse dolls are readily available for youngsters and people throughout the world.

To learn much more and enter this year’s pitch levels of competition by the May possibly 31 deadline, go to 53suggestions.com.

This post initially appeared on The Shelby Star: 3rd once-a-year 53 Strategies Pitch Competition provides company possibilities


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