The winner of the business pitch competition will receive funding and professional support to help launch their startup or expansion.
The Hilton Head Island Economic Development Corporation is looking for the next big idea — and has created a business pitch competition to give entrepreneurs a chance to compete for the opportunity to bring their business ideas to life on Hilton Head Island.
The “Bring Your Business Idea to Life” competition is being launched during Global Entrepreneurship Week, Nov. 16– 22. Beginning on Nov. 16, local entrepreneurs and others will be able to submit their new business or business expansion idea to the HHIEDC. Six finalists will compete in the final business pitch competition, which will be held on Hilton Head Island on Feb. 23.
The first-place winner will receive a cash prize of $3,000 plus complimentary business services including guaranteed enrollment in the business incubator program at the Don Ryan Center for Innovation, a marketing/branding package, print advertising, expert business mentoring, and other business support services to help launch and grow their business.
Second- and third-place prizes are $1,500 and $1,000, respectively, plus business support services packages. The competition will also offer a unique fourth-place “Audience Choice” prize, which will be selected by voice vote at the Feb. 23 event. The winner will receive a $500 cash prize and business support services.
Local business leaders will be chosen as judges for the competition. Applicants will be notified by Feb. 15 if they have been selected for the final business pitch competition.
For more information about the HHIEDC Bring Your Business Idea to Life contest and to submit your application, go to www.hhiedc.com/idea.