13 August 2014
Ten of the region’s most innovative businesses will compete for the attention of investors and prizes worth $20,000 in the finals of the Innovation Centre Sunshine Coast’s annual Business Pitch Competition on 14 August.
The business owners will present a five-minute pitch to a panel of judges, which includes start-up investors from Silicon Valley and other business experts, and receive some frank feedback.
ICSC CEO Mark Paddenburg said the Business Pitch Competition was started in 2012 to give Sunshine Coast and Wide Bay entrepreneurs more opportunity to grow their business and secure investment capital.
“Many entrepreneurs live and die by the pitch,” he said. “You've got to be able to communicate your business plan quickly and clearly to a potential investor or partner.
“A clear pitch can get you funded quickly; a poor one will mean you're forgotten.”
A diverse group of innovative local businesses have been shortlisted for the finals in two categories in this year’s competition.
Seven finalists in the Investment category will pitch for venture capital or private equity investment to accelerate their growth, while three emerging businesses in the Concept category will present their venture concepts and business models.
Prizes include $1,000 cash, financial and legal services, social media and advertising, membership with ICSC and further opportunities to pitch to potential investors.
The ICSC is a University of the Sunshine Coast company which has supported the start-up and growth of more than 130 businesses, helping them raise more than $28 million in capital, and creating around 400 jobs since 2002.
— Jane Cameron