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New and aspiring enterprise homeowners could have an opportunity to pitch their concepts for a share of $30,000, plus mentorship and publicity, from the Dragons’ Den-inspired Hawks’ Nest competitors Could 17 on the Roxy Theatre in Owen Sound.

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Seven entrepreneurs will probably be chosen from an space together with Owen Sound, Gray, Bruce, Wellington North and Minto to pitch their concepts to get monetary assist for his or her enterprise from native buyers.

The televised occasion, impressed by TV’s Dragon’s Den competitors, will happen in entrance of an viewers. It’s introduced by two native Group Futures Improvement Companies.

Opponents will make their pitches to 6 native enterprise leaders, or hawks, who every have dedicated to investing a minimal of $5,000 in a number of of the finalists.

Rose Austin, normal supervisor of the Saugeen Financial Improvement Company and Barb Fisher, normal supervisor of the Bruce Group Futures Improvement Company, will interview every contestant.

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They’ll choose seven, together with one youth, to maneuver on to the competitors. “They received’t be judged solely on their marketing strategy. It will likely be the feasibility and the viability of their enterprise,” Austin mentioned.

Entrepreneurs with concepts could apply and so could homeowners of latest, younger companies, she mentioned, “in the event that they’re diversifying, or they’re increasing or they’re including a brand new product line. Regardless of the case could also be.”

These chosen will make their pitch to the hawks, who could have already acquired enterprise plans from every competitor. Contestants could have a possibility to take some pitch coaching beforehand.

There’s a minimal of $30,000 money up for grabs. Up to now, hawks have invested greater than that in a enterprise, Austin mentioned. “It’s similar to Dragons’ Den,” she mentioned. “They’ll do it as a mortgage, they may give it as a present, present extra that $5,000. They’ll unfold it out between all the individuals. They may give all of it to at least one.”

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The Hawks can present mentorship and would possibly assist promote the brand new enterprise. “So there’s all completely different ways in which they may help them out. And so they achieve this, they’re very ingenious,” Austin mentioned.

The occasion goals to advertise new native entrepreneurs, present them the enterprise group helps them and provides them a kick-start in addition to foster financial progress, keep native jobs and create new ones, she mentioned.

Those that enter should present a marketing strategy by March 10. Electronic mail hawksn[email protected] for an software or go to www.sdbc.ca for extra data.

This would be the third yr of the Hawks’ Nest competitors. The primary was in Kincardine in 2016 and the second was in 2018 in South Bruce.