Last call for business pitch competition offering grand prize valued at $15,000

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Calling all business owners and entrepreneurs: the Sault Ste. Marie Economic Development Corporation (SSMEDC) is holding a Pitch Competition. The contest is open to anyone 18 years or older who is proposing a new company, looking to expand an existing firm or seeking to buy a business.

The grand prize is valued at $15,000, which includes a $5,000 business grant through the Starter Company program and $500 cash, along with legal advisory services, accounting services, insurance services and one-year of office space at the Millworks Centre for Entrepreneurship. A second-place prize is also being awarded, which includes a Starter Company grant of up to $3,000 and one-year of office space at the Millworks.

“This is an excellent opportunity for current and aspiring entrepreneurs to get their business names out there and, for the contest winner and runner-up, to earn great prizes that will go a long way in helping their company reach a higher level of operation,” said Angela Bruni, an Economic Development Officer with the SSMEDC.

Online summary submissions are due August 9. From there, contest organizers will review, and five participants will be chosen to submit a comprehensive business plan and one-minute pitch video, which will be posted to social media. After that, the submissions will be ranked based on Facebook likes and the business plan merits. Two finalists will be chosen, and the pair will compete in a pitch-off at the SSMEDC’s 2017 Bridges to Better Business event on October 19.

Past or current Starter Company clients are eligible to apply, however, there are exclusions to the prize package for these contestants. To register for the Pitch Competition, visitCLICK HERE. For more details, watch the contest video on the Millworks Facebook page at www.facebook.com/MillworksEntrepreneurCentre.

The Pitch Competition is being made possible thanks to a number of prize sponsors, including Laidlaw Paciocco Dumanski Spadafora & Johnson LLP, Community First, Dawson & Keenan Insurance, TD Bank, and BDO Canada, along with the following community partners: Sault Ste. Marie Chamber of Commerce, Business Development Bank of Canada, Sault Ste. Marie Innovation Centre and its YouLaunch program, and Community Development Corporation of Sault Ste. Marie & Area.

This contest is being facilitated by the team at the SSMEDC’s Millworks Centre for Entrepreneurship. Located at the Machine Shop, the site is home to the organization’s small business support staff and a business incubator that currently houses seven companies. For more information, visit www.themillworks.ca.