Small business owners and entrepreneurs with ideas for a business or plans to grow it are invited to apply to a pitch competition with the opportunity to win cash prizes and business services.
Saginaw Soup is a pitch competition for entrepreneurs and small business owners to get their business started or take it to the next level. Applications are being accepted until Dec. 20, according to event organizers.
First place winner receives a $1,000, second place receives $500 and both will get up to a $1,000 in pre-approved business services and three to six months of consulting services from BlueWater Angels, an investment group, said Cassi Miller, business development manager for Saginaw Future.
Throughout the competition, participants will receive specialized business development assistance and access to CMURC’s CoWork Space and networking opportunities.
Miller said one of the main goals of the competition is to stimulate “entrepreneurial spirit” in downtown Saginaw.
“We’re encompassing the whole county, but a lot of things have been happening in downtown and Old Town Saginaw lately that have really encouraged entrepreneurship,” Miller said. “So we want to use that as a catalyst to continue that.”
Miller said those activities include the SVRC Marketplace, the CMURC CoWork Space and the new Delta College building downtown, where the Saginaw Business Development Center is housed. She added college students have great ideas for businesses.
There are several kick-off meetings for the competition that take place at CMURC, 203 S. Washington Ave.:
Noon to 1 p.m. on Monday, Nov. 4
4:30 to 6:30 p.m. on Wednesday, Nov. 6
4:30 to 5:30 p.m. on Thursday, Nov. 7
The actual competition is scheduled for 5:30 to 6:30 p.m. on Feb. 12 at CMURC.
The organizations behind the competition includes Saginaw Chamber of Commerce, Saginaw Future, Saginaw Downtown Development Authority, City of Saginaw, Saginaw Economic Development Corp.,Small Business Development Center and BlueWater Angels, Saginaw Valley State University and CMURC and Stay Keen Network.
Recently, Saginaw was recognized for strategies it employs to foster entrepreneurial growth and economic development.