March 1, 2024

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Business startup competition to award $300K to 100 entrepreneurs

GRAND RAPIDS, MI — Start out Backyard garden, an corporation that supports entrepreneurship in West Michigan, has opened registration for a competition where startup businesses can compete for $300,000 in prizes.

The event, known as The 100, offers an chance for organizations to submit a 100 second video outlining their concept. Get started Backyard will then, by July, pick 100 finalists who acquire $1,000 just about every to refine their suggestions and, in September, existing their notion to Start out Back garden. 10 winners will then be chosen to obtain $20,000 for their firms.

“When we developed the Start off Backyard garden 100, our objective was to make it a authentic possibility for everyone from any neighborhood in Michigan,” Paul Moore, co-director at Commence Back garden, stated in a news launch. “Not to point out, it’s actually the best $1,000 an entrepreneur can get to play with an notion.”

Here’s how the occasion operates:

  • Individuals can make a 100 second movie explaining their thought
  • Movies are submitted to 100.startgarden.com
  • Films are accepted from Might 3 by means of Jul 11, 2022
  • Minimum age to take part is 14
  • Video submissions are not shared with the public
  • Contributors can upload as lots of suggestions as they would like
  • In July, 100 finalists will be decided on to get $1,000 each individual, no strings connected
  • Finalists have 2 months to refine their strategies with community assistance
  • 100 finalists current at the 2022 Demo Day competitors on Wednesday, September 21, 2022
  • At Demo Working day, 10 winners receive one more $20,000 to assistance their small business just take off
  • Also, a $5,000 award goes to a significant faculty college student or staff competing in the high university category

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