Ten local entrepreneurs pitch to a live audience willing to pledge funds to their favorite contestant. It’s a three minute chance to share your vision with the community and inspire the crowd to action!
Following the pitches, the crowd buys votes to support the ideas they feel are most likely to be successful or which they most want to see succeed. The i.Lab at UVA matches the crowd’s funds 1:1 to provide the winner with up to $2500, in addition to one-on-one mentoring and other invaluable resources. The pool of money goes to the winner. Each year the amount differs, but it has been as high as $5,000.
16 WEEK ENTREPRENEUR WORKSHOP
One of the presenting entrepreneurs will win a spot in Community Investment Collaborative’s 16-Week Entrepreneur Workshop.
This hands-on, interactive workshop is designed for new and existing entrepreneurs. During the workshop, entrepreneurs are given tools, resources, and community connections to help determine whether their business is viable and assists them with developing an initial plan for launching or growing their business.
FINANCIAL SUPPORT AND MENTORING
The i.Lab at UVA vows to match the crowd’s funds to provide the winning entrepreneur with up to $2500 in additional financial support as well as one-on-one mentoring and other resources. This support doubles the amount that the winner can use to launch or grow their idea.