BECKLEY, WV (LOOTPRESS) – The West Virginia Hive,in partnership with the West Virginia College Institute of Technological innovation (WVU Tech) Launch Lab, will host their following Pitch Southern West Virginia Business Idea Competition on April 23, 2024, from 5:30 p.m. to 8 p.m. on the WVU Tech campus in Beckley, W.Va. The deadline for business people to apply is March 23.
Diana Woods, director of the WVU Tech Start Lab who is serving as coordinator of the occasion, explained, “The Pitch Southern West Virginia levels of competition will glance a minor unique this spring. The structure has been restructured from ‘community’ and ‘student’ divisions to ‘incubation’ and ‘ideation’ divisions.” She stated the incubation division is for business people who have presently registered their company and have produced their very first product sales. The ideation division is for those who have not still registered their small business or who have registered but have not manufactured their 1st sales.
“We felt these improvements were being necessary in get to group competition in their respective stages of start out–up, so they contend with others at the identical stage, as very well as, to motivate new innovators to take part in the competition,” explained Woods. “The ideation division is ideal for learners and men and women who want to get early suggestions on their suggestions and to acquire precious pitch working experience but are not nevertheless all set to start their company.”
Woods mentioned a panel of judges will pick the winners and award $5,000 in prizes. The funding for the awards is from non-public contributors. Woods explained the future pitch competition is open to residents and firms found in Raleigh, Fayette, Nicholas, Summers, Webster, Pocahontas, Greenbrier, Monroe, Mercer, Wyoming, McDowell, Logan and Mingo Counties and WVU Tech students, faculty and staff members. Entries to the enterprise strategy competition are restricted to business owners of new get started-ups and organizations in operation for much less than 3 decades.
Woods explained the deadline to post an application is 11:59 p.m., Saturday, March 23, 2024. Apply on the net at https://wvhive.com/company-concept-opposition/
Judy Moore, executive director of the WV Hive and deputy director of the New River Gorge Regional Development Authority, reported a panel of judges will consider the entries to the Pitch Southern West Virginia Enterprise Strategy Competitors and find finalists to existing in-person on April 23. She reported all finalists wsick be provided more particulars and afforded alternatives for coaching on how to build a profitable pitch presentation.
In the course of the in-individual opposition, each entrepreneur wsick have 5 minutes to present their business concept to a panel of judges and reveal why it is innovative and how it will make a big difference to citizens of southern West Virginia. Just about everypresentation will be adopted by a transient question and answer interval with the judges. Prizes awarded incorporate:
Incubation Division: First place: $2,000 Next area: $1,000 3rd place: $750
Ideation Division: One prize: $1,000
Audience Beloved: $250
Prize dollars should be applied to even further the small business strategy. WVU Tech college students also have the solution of employing it towards their schooling.
Woods stated a common factor of the opposition is the“audience favorite” award. Everyone in attendance will have an prospect to vote and the entrepreneur who receives the most votes will get $250. All those fascinated in sponsoring ought to make contact with Beth Epperson at [email protected] or 304-460-4483. All sponsorship money are provided to the contestants as winnings. “The Hive and Start Lab have been shocked by entrants in earlier competitions,” claimed Moore. “We have viewed the winners go on to do exceptional factors and the winnings aided them grow and refine their business systems. We are honored to present these prospects for entrepreneurial progress all over southern West Virginia.”
Material – WVU Hive/WVU Tech