Venture Connectors has opened applications for its Venture Sharks startup pitch competition. Early-stage companies and entrepreneurs from Kentucky, Indiana, Ohio and Tennessee can apply to compete to win $10,000 in prizes — approximately $5,000 in services and $5,000 in cash.
The competition is modeled after the popular TV show “Shark Tank,” where entrepreneurs present their ideas in front of “celebrity” investors, or sharks, for investment.
Applications are due at midnight on March 16. The Venture Sharks committee will choose the top ideas and those companies will compete in a preliminary round of pitches on April 13 where the field will be narrowed to four. Those four will go on to the final round and compete at the Venture Connectors Luncheon on May 4.
Although it is a regional contest, entrepreneurs must present their pitches in person in Louisville.
Companies can be from any industry and be of any age, but it must have less than $75,000 of lifetime revenue. The business also cannot have raised more than $50,000. According to a news release, “The winner will be selected based on the viability of their idea, the ability of the final award to positively impact the business, and the quality of their presentation.”
Applications are available here.