CHALMETTE, LA — Organizers extended the entry period for the second annual Startup St. Bernard Competition to midnight on Sunday, January 24, 2016. Entries submitted by the January 17 deadline will receive extra consideration during scoring.
Startup St. Bernard is seeking out innovative entrepreneurs willing to give 110 percent to compete for a prize package worth $110,000 designed to help propel their business to the next level. Entrepreneurs are invited to apply for a chance to pitch their business to a panel of judges during New Orleans Entrepreneur Week on Monday, March 14, 2016, at the Meraux Foundation’s Docville Farm in St. Bernard Parish.
Startup St. Bernard reps are looking for entrepreneurs to locate their businesses in St. Bernard Parish where they said land, labor and costs of doing business are low and the business support network is robust.
The challenge is being organized by the Meraux Foundation, the St. Bernard Economic Development Foundation, and The Idea Village™. Supporting partners include Nunez Community College, St. Bernard Chamber of Commerce, and Leadership St. Bernard.
The prize package includes a mix of cash and in-kind donations, including legal, accounting, and marketing services.
The Startup St. Bernard Challenge is open to any startup business that will:
• Locate base of operations to St. Bernard Parish for at least 2 years
• Improve St. Bernard Parish
• Become part of the St. Bernard Parish entrepreneur ecosystem
To qualify, entrants must be in business for 5 years or less or an existing business creating a new division or entity, must have yearly revenue under $1,000,000, must have 5 employees or less, and cannot be a non-profit.
Judges will also score entries based on how the startups improve St. Bernard by creating jobs, investing capital into the parish, improving the image of St. Bernard, and/ or contributing to growing the core Startup St. Bernard sectors: creative digital media, cultural arts/cultural economy, arts/ entertainment, advanced manufacturing/value-added manufacturing, logistics, and the seafood industry.
The $110,000 Prize Package is not an entirely cash package. The Prize Package includes in-kind products and services that have been assigned a fair market value. The total value of the Prize Package is estimated to be valued at $110,000. Startup St. Bernard, the St. Bernard Economic Development Foundation, the Meraux Foundation, its agents, and affiliates, and the organizers and partners of Startup St. Bernard are not responsible for the commitments made by those who donated cash, products, and services to the prize package.
HOW IT WORKS
• Submit Your Business Plan Online
Entrepreneurs must complete the entry form and submit a business plan by January 24, 2016.
• Judges Select Finalists
A panel of judges with business experience will review the submissions and score the entries. The five highest-scoring businesses will be selected to “pitch” the judges at the Startup St. Bernard entrepreneur challenge.
• Finalists Pitch for a Chance to Win $110,000 Prize Package
Five finalists will pitch their businesses to a panel of judges in a TED Talks-style presentation format. The live public event will take place at the Arlene Meraux River Observation Center during New Orleans Entrepreneur Week on March 14, 2016.
Everyone is invited to attend the Startup St. Bernard pitch challenge and cheer the entrepreneurs on.
