LIMA — The Walter C. Potts Entrepreneur-Incubator Technology Center is reviving its Pitchfest competition this fall to support startup and emerging businesses in the region.
The competition, inspired by the popular network television show “Shark Tank,” allows entrepreneurs to pitch their startup ideas to a panel of judges, who will then evaluate whether the business plan merits funding. In this case, winners will receive up to $10,000 in cash and prizes.
This year’s event will be split into two categories for startups and emerging business, or those that have been in operation for less than three years.
And the Greater Lima Region Inc. is sponsoring Pitchfest this year, opening the competition up to aspiring entrepreneurs in the GLR’s eight-county region.
GLR President and CEO Doug Olsson said he sees the competition as an opportunity to “support small and minority-owned businesses.”
Prospective contestants should submit a written business plan and three to five-sentence summary expressing their interest in the competition to firstname.lastname@example.org. Submissions will be accepted from Aug. 1-31.
Pitchfest will be held at 5:30 p.m. Sept. 22. A location has not been determined.