Pitch Competition
Project 412 is hosting a pitch competition called Pitch 412 for entrepreneurs in the Detroit Lakes area! Submit your business plans and a one-minute video for a chance to become one of our 4 finalists. Finalists will pitch their ideas to judges and a live audience in a 12-minute presentation. The winners will share cash prizes up to $5,500.
ILT Academy has generously offered to donate a spot in one of their cohorts (in-kind value of $3k) for the 1st place winner of Pitch 412!
Join our partners, SBDC and ILT Academy, for a webinar on “Crafting a Lean Business Plan” and “Elements of a Good Pitch.”
REGISTRATION OPENS May 28th 8am • CLOSES at Noon CST on June 7, 2024
Why Enter?
- Jump start an idea you've been sitting on
- Learn to craft a lean business plan and get constructive feedback.
- Learn how to pitch
Finalist Benefits
- Media Exposure
- Mentorship Meeting
- 1 hour consultation with a business expert (some areas of expertise to choose from)
Prizes
-
1st Place: $4,000* and
ILT Academy cohort spot (in-kind value of $3k) - 2nd Place: $1,000*
- Audience Choice Award: $500*
- *Your designated team contact will receive a 1099-MISC form for cash prizes.
Eligibility Requirements
- Submissions must be for a new company, new idea, or an existing small business with a new concept or expansion
- Teams consist of one to four members
- Each team must have a designated point of contact that is 18 years or older (*they will receive the 1099-MISC form).
- If you are an existing organization, one team member must be a C-level executive of the organization
- Teams can only enter one idea into the competition
- If the organization exists, it must be within the Detroit Lakes area. If it has not been officially formed, it must be the intent that it will be formed in the Detroit Lakes area.
No Prior Experience Necessary!
Our partners, SBDC and ILT Academy are offering webinars on “Crafting a Lean Business Plan” and “Elements of a Good Pitch.” We’ll also provide additional resources to help you prepare. Don’t miss this chance to hone your skills and showcase your business idea!
Don't miss this chance to hone your skills and showcase your idea.
No previous experience necessary!
REGISTRATION OPENS May 28th 8am • CLOSES at Noon CST on June 7, 2024
Important Dates
May 28th 8am – June 7th at Noon: Registration Open
- Complete a short registration form to enter the contest.
- After the window closes, we’ll send you an email with resources to help you prepare and submit your materials
June 10th – 14th: Training Workshops
These will be live and then recorded for later viewing.
July 3rd by Noon:
Business Plan and Video Submission Deadline
July 17th: Finalists Announced
- We’ll announce the finalists on social media and notify you by email.
- All entries will receive constructive feedback on their plans, regardless of if they are a finalist.
- Finalists will be contacted to set up mentorship time, select a business expert for consultation, and to do a quick interview for media.
Monday, August 12th 6-8 pm: Live Pitch Competition
Sound check will be prior to the competition.
Project 412 • Pitch 412
Thank you to Our Partners
