Students and grads compete for $1500 in third annual business competition
By: Alyson Mackay, Entrepreneurship Coordinator
On November 21st, The Chanterelle became host to a Dragon’s Den-style business pitch competition that saw ten teams of students or recent graduates pitch their business idea to a panel of judges and audience members.
The 3rd Annual Pitch It event was put on by Partners in Innovation and Entrepreneurship (PIE) and The Northwestern Ontario Innovation Centre. This year, the event received great support and sponsorship by the Northwest Ontario Angels to help make it a success. Partners in Innovation and Entrepreneurship is an on-campus entrepreneurship program run at both Lakehead University and Confederation College. The Northwestern Ontario Innovation Centre is a local organization whose goal is to help the innovative companies of Northwestern Ontario to start, grow, and succeed.
The participants were competing for the overall grand prize of $1500 to help them build and launch their business successfully. Teams pitched ideas ranging from creating light signage, to film development, to creating an app that can help with taking notes and translating. The ideas were presented in a lightning speed-type pitch where the participants were given three minutes to present to the judges. The judges had the opportunity to ask questions about the idea and business model. While all of the pitches were excellent, only one could win the grand prize.
This year’s winner was KAE Guys INC’s SnagMe app, pitched by Andrew Austin, a second-year business student at Lakehead. “SnagMe is a mobile application designed to match carpoolers together and make carpool easier to people can save time, money and help the environment.”
Partners in Innovation and Entrepreneurship along with the Northwestern Ontario Innovation Centre would like to thank all of the participants, judges and audience members for their support. Events like this really showcase some of the great talent we have right here in the city, while also enabling small businesses to get the support that they need to grow and succeed.
Want to be more involved in events like this? Follow PIE and The Northwestern Ontario Innovation Centre for more information. Want to talk with someone about starting a business? Reach out to Alyson MacKay, Entrepreneurship Coordinator email@example.com