Budding entrepreneurs will get the chance to pitch their business ideas to a group of venture capital and equity investors with the hopes of getting their firms off the ground.
On Feb. 22, the “Fund My Idea” event will be hosted by the $2.8 billion Wright-Patt Credit Union in Fairborn, Ohio, along with Accelerant, an advocacy initiative with the Dayton Development Coalition, an economic development partnership serving 14 Ohio counties and The Entrepreneurs Center, a business development firm in Dayton, Ohio.
Similar to the format of ABC’s television show Shark Tank, the Fund My Idea event will give local companies an opportunity to pitch their business idea and by the end of the event, the audience will take control by voting on their favorite pitch, according to Accelerant.
Each presenting company will have eight minutes to pitch its idea and receive an additional eight minutes of question-and-answer time from the judges and audience.
Winners will receive a waived $500 fee from The Entrepreneurs Center to have access to its services. Pending qualification and interest, there will also be an opportunity for companies to enter the due diligence research phase with Accelerant and other investors.
“We are hoping to encourage entrepreneurs to start something big right here in the Dayton region through this event, no matter what industry they are interested in,” Joel Ivers, vice president of entrepreneurial development at the Dayton Development Coalition and manager of the Accelerant fund.
The Fund My Idea event is part of The Entrepreneurs Open, a day-long event focused on assisting regional entrepreneurs with growing businesses in the Dayton region.