After an unexpected year of devastation that left the world’s economy shattered, there is no logical reason to bench our MVPs—entrepreneurs. Now more than ever, the world needs entrepreneurs. And now, supportive networks and opportunities for startups are even more abundant.
“The economy right now is fertile ground for entrepreneurs and business owners…most importantly, major industries are showing their vulnerabilities—which means opportunity for entrepreneurs savvy enough to invent new, compelling solutions” (fastcompany.com).
To those entrepreneurs with new, compelling solutions, one could say, “the game is stacked in your favor—all you have to do is play.” There are plenty of opportunities to do so and you don’t have to look far to find them! With the goal to inspire entrepreneurship and support small businesses in the community, many accelerators, venture capitalists, and business centers are hosting various pitch-off events and startup workshops. It’s encouraging to see so many organizations out to support entrepreneurship!
One of these is the annual RevRoad Entrepreneur Competition, sponsored by Central Bank. Each year the Provo-based Venture Services firm, RevRoad, holds this competition to create an opportunity for established companies and community members to support their local entrepreneurs and small businesses. A panel of judges comprised of Utah’s finest investors, university leaders, and business owners, along with 36 semifinalists, and up to $14,500 in cash prizes. This makes the Entrepreneur Competition a pitch-off event you won’t want to miss.
To apply, companies must be in-person on the day of the competition and have raised less than $1 Million in funding. Applications are open until Saturday, August 14th at midnight. The companies selected to advance to the semifinal round will be notified by September 1st.
The winners will receive cash prizes:
(Cash prizes are NOT tied to an investment or equity.)
- $10,000 Central Bank 1st Place Grand Prize
- $2,500 cash for 2nd Place
- $1,000 cash for 3rd Place
- $1,000 for the Fan Favorite
The competition will take place on Saturday, September 18th, where the top entrepreneurs will gather at RevRoad HQ for the opportunity to pitch their game-changing company to a panel of 24 elite judges. This free event is open to all to attend! Come learn, network, and vote for your favorite competing company.
Several economical, social, and cultural changes sparked worldwide shifts that have experts saying, “The startup market could boom in 2021” (inc.com). From changing work expectations, better access to resources, and easier access to building customer connections, to a massive talent pool, advances in technology, and tools to better time productivity, the startup market seems to have the ball in its court. Make a play by applying to the Entrepreneur Competition at ecomp.revroad.com by August 14th!
Competition Sponsors include Squire and Central Bank.
For media inquiries, interviews, or additional information, please contact Project Manager, Paighton Moffitt at email@example.com.
Did you know 9 in 10 new innovations fail in the marketplace? RevRoad focuses on helping you, the entrepreneur, succeed. RevRoad accepts 3–4 companies per quarter, if chosen you work side-by-side with us for two years. Along the way, you’ll experience everything you need: a mentor, networking opportunities, and key service deliverables. The RevRoad model is a venture services model to better meet your needs.