Are you a Bay City-area entrepreneur trying to get a business plan off the ground? If so, Central Michigan University Research Corp. can help.
Early-stage companies based in Bay County or willing to expand in or relocate to the area are invited to “pitch their dreams" for a chance to win more than $25,000 in cash and prizes in the upcoming Bay Area Pitch a Dream competition.
Among other eligibility criteria, applicants must have less than $1 million in private sector investments and less than $2.5 million in revenue in the last 12 months.
To begin the process, complete and submit this online form by Aug. 11 and attend a kick-off meeting to receive a welcome packet with all of the important templates, dates, checklists and details. Kick-off meetings, highly recommended but not required, are scheduled to take place at CMURC Uptown Bay City, 122 Uptown Drive suite 204, on the following dates:
4:30 to 5:30 p.m. on Thursday, June 27
noon to 1 p.m. on Monday, July 15
5 to 6 p.m. on Tuesday, August 6
4 to 5 p.m. on Thursday, August 8
“The purpose of this competition is to assist entrepreneurs in building a viable, sustainable business. Previous year’s winners have gone on to do just that,” according to a CMURC news release.
During last year’s competition, more than 40 entrepreneurs brought forth “innovative, high-tech ideas and fierce competition,” the release states. Then 10 finalists pitched their dreams to a panel of judges at the Bay City State Theatre.
“Luke Lloyd, creator of Dribble Stick Training, found a local manufacturer for his product and is launching a new e-commerce site, resulting in the indirect creation of jobs around Michigan. Mike Schuette with GCI Water Solutions won $7,500, which helped is company get to over $250K in revenue within the past year,” according to the release.
This year, the top 10 applicants are to be contacted the week of Monday, Nov. 4, when they will be invited to participate in the Pitch a Dream Competition Tuesday, Nov. 12.
To be a strong contender in the Pitch A Dream competition, contestants must complete a consolidated version of CMURC’s Right Choice Program. Read more about the program here.
And new this year is the opportunity for entrepreneurs to raise funds and receive a match. The first three applicants to raise $1,000 by Aug. 19 will receive a $500 match.