Gaston University contest will supply entrepreneur $10,000 for organization

An entrepreneur with a profitable strategy can wander absent with $10,000 to help them launch a compact enterprise.

Fifth 3rd Bank alongside with neighborhood faculties, which includes Gaston and Cleveland, will offer you the prime prize in its ’53 Suggestions Pitch Level of competition.

Thoughts can be submitted at 53thoughts.com by Could 31 by anybody in the pursuing counties encompassing Charlotte: Anson, Cabarrus, Cleveland, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, Stanly and Union.

Judges will review the submissions and select the leading 53 pitches.

“Judges are on the lookout for strategies that are impressive and doable,” mentioned Greg Smith, Gaston College’s vice president for financial and workforce growth. “It has to be something an individual could manage as a tiny organization although matching the economic climate of the spot, it can be on the net or encounter-to-confront.”

Major entrants will get a $50 award, as very well as the prospect to progress in the competitors.

Schooling and coaching on pitching, funding, forecasting, and common business will be obtainable to every participant, even if they do not make the major 53.

These absolutely free assets will be made available by little enterprise facilities found at group faculties during the southwest region, together with Central Piedmont, Cleveland, Gaston, Mitchell, Rowan-Cabarrus, South Piedmont, and Stanly. 

Just after the training time period, the prime 53 entrants will take part in a closed digital pitch function, the place the judges will narrow the area down to 10.

The top 10 will receive $250 just about every and go on to compete on a virtual stage for the major awards: 1st put gets $10,000, second put earns $5,000, and 3rd put receives $2,500 in seed funding to aid turn their thoughts into a feasible organization. 

The deadlines for the competitiveness are as follows:

• June 11- Leading 53 finalists are declared.
• July 19 – 53 finalists prepare for final pitch and prime 10 finalists are picked.
• July 28 – Major 10 are announced.
• August 12 – Closing pitch working day: Major 10 compete for 1st, 2nd and 3rd spot.

The ’53 Suggestions Pitch Competitiveness at first started in 2019 by means of a collaboration of South Piedmont Community Higher education and the Fifth 3rd Financial institution.