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LUDINGTON — A compact small business operator or any individual with an entrepreneurial notion can compete for a $5,000 income prize.
The two nonprofit and for-income Mason County organizations are encouraged to enter the 2022 Momentum 5×5 Opposition, which opened June 1. A full, written company strategy is not needed to post an entrepreneurial notion.
“This competitiveness is a fantastic way to showcase your organization and get some seed dollars for your idea,” explained Brandy Miller, president/CEO of the Ludington & Scottville Space Chamber of Commerce, in a information launch. “Meeting with a Rating mentor has also proven to be a great asset for our past rivals. We encourage any little company to enter.”
Five decided on finalists will existing their ideas to a panel of judges on Aug. 16 at Epworth Heights.
The Ludington & Scottville Location Chamber of Commerce administers the Momentum 5×5 application to encourage new firms in Mason County, for participants who might need start out-up money to get their company suggestions transferring forward, in accordance to a information launch. Prize money is sponsored jointly by the Epworth Assembly and the Epworth Church Association.
As portion of the contest, candidates will obtain free, confidential counsel from a Score business mentor. In addition, every single entrant will have 5 minutes to pitch an concept. The winner is eligible to transfer on to a larger sized momentum levels of competition in 2023.
“The 5×5 is a single of the ways we highlight Epworth’s link to the group,” stated Kim Hamm, Epworth’s typical supervisor, in a news release. “We are grateful to our neighborhood business owners for building companies our cottagers will need and help. It is rather amazing to see how all of the prior winners are flourishing.”
This will be the fourth Momentum 5×5 in Mason County hosted by the chamber and Epworth.
The 2018 winner, Sister Bees, received $5,000 and went on to a bigger competitors, the Momentum Enterprise Plan Competitors, in which the Ludington pores and skin-treatment business won $50,000.
In 2019, My Encouraged Studio was awarded $5,000 in the 5×5 contest. Entrepreneur and artist, Sarah Stechschulte, utilized the funds for her subscriber-based mostly, regular imaginative kit which included art supplies as well as on line instruction. Stechschulte gained an additional $14,000 in the more substantial Momentum competitors with her Encouraged Functions organization.
Home and Harbor, a local candle corporation, was the winner in 2021 and has plans to open up a downtown Ludington storefront soon.
This year’s winner will be eligible to take part in the more substantial Momentum level of competition prepared for 2023.
For comprehensive principles and details about how to enter the Momentum 5×5, visit momentum startup.org. Entry deadline is July 22.
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