Sarnia-Lambton Business Development Corporation The Pitch
$10,000.00
Competition
Description:
Sarnia-Lambton Business DC supports entrepreneurs through the annual business pitch competition.
Comments on Funding:
Funding is a prize money:
Grand Prize:
a) $10,000*,
b) 1-Year Membership for the Sarnia Lambton Chamber of Commerce ($420 value),
c) $250 gift card from Manleys Basic Sarnia.
2nd Place – $3,500*
3rd Place – $1,500*
People’s Choice Award – $1,000 (sponsored by Bluewater Power)
*The awarded funds will be solely be allocated to the startup or operational expenses outlined explicitly in the Business Plan, with disbursement of prize winning upon presentation of corresponding invoices.
Rolling Deadline
Eligibility:
Applicants must:
1. be 19 years of age or older;
2. Canadian Citizens or Permanent Residents;
3. have a business that:
1. is operating or is headquartered in Lambton County;
2. is open and has been in operation for less than 12 months (at the time of application)
or Business will be fully open and operational by December 31, current year,
or Business was a part-time side-hustle that the owner wants to scale up into a full time, fully operational company;
3. is (or will be) operating in a permanent location with a minimum 2-year lease,
or the business has start-up/operating costs that are clearly identified in the Business Plan and which can be paid on receipt of invoices;
4. will generate a minimum of 1 FTE (FTE = Full Time Equivalent. A minimum of one individual must be employed full-time by the company);
5. Participant must commit to attend four (4) mandatory, in-person, 90-minute information sessions each of which provide support for the development of a business plan and operation of a successful business;
6. Participant must agree to all other of the terms and conditions of participation.
Application Steps:
For further details about the program, contact Sarnia-Lambton Business DC:
– Call 519-383-1371;
– Email info@slbdc.com.
Documentation Needed:
Applicants must provide completed loan application, business plan, and other information as requested.
Other Things to Note:
About the author
Maurice
