Business pitch competition prize is $5,000.

Business pitch competition prize is $5,000

Pitch your business idea in a virtual competition, and you could win $5,000 for your entrepreneurial venture.

Register now for the upcoming Virtual 5X5 Night, administered by the Ludington & Scottville Area Chamber of Commerce, and you could give your company the jump-start it needs. The premise behind this online contest is simple: 5 ideas, 5-minute presentation, $5,000 prize. Five entrepreneurs from Mason County will present their ideas in a live event, and one individual will be chosen to receive a cash award from the Pennies from Heaven Foundation.

“We’re excited again to be offering a boost to a local business,” said Brandy Miller, Chamber of Commerce president/CEO. “While we are unable to host a large gathering, we feel this online platform will be a way for entrepreneurs to showcase their ideas and propel their business ideas forward.”

To be eligible, hopeful contestants must submit an application by October 15. A panel of judges will then shortlist initial applicants to five finalists, who will conduct a presentation during a live online event, set for October 29.

Rules of the competition include:

• Business must be located in Mason County.
• Both nonprofit and for-profit organizations are encouraged to enter.
• Can be a new or existing business
• Must have less than $250,000 revenue annually
• Past applicants are allowed to apply.
• Chosen finalists are required to speak during the online competition in front of a live, virtual audience.

Complete eligibility requirements and rules can be found http://momentumstartup.org/.

Applicants needing assistance in creating a business plan can book a free appointment with a mentor from the Ludington Chapter of SCORE either online or by calling 231-845-0324.  

To apply, head to http://momentumstartup.org.

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