Pitch313
FAQ
What are the goals of the Pitch313?
With the support of CODE2040, Google, Grand Circus, in addition to various local organizations, Pitch313 is a pitch competition exclusively for Black & Latinx founders in Detroit.
Why are we doing this?
Approximately 1% of all VC funding is given to companies led by Black & Latinx founders. The numbers are even lower for women led early stage companies. The event provides an opportunity for these underrepresented groups to receive some foundational resources to get their idea, concept, or business off of the ground.
What are the benefits of the Pitch313 for applying companies?
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Through the Pitch313 Pitch Competition, early-stage companies will have the opportunity to gain pivotal exposure to stakeholders, market leaders, and influencers in the tech industry. All submissions will be reviewed by members of the Pitch313 Committee, and eight finalists will be asked to pitch.
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Finalists will receive real-time feedback from industry expert judges.
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Cash and non-cash prizes will be awarded to the top three finalists
What are the benefits of the Pitch313 for sponsorship organizations?
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At least one founder of Black and/or Latinx background,
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Company has to be a tech startup,
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Age limit 18 years old & up,
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Must be a legally established and incorporated business in Michigan or based in Delaware*,
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Must have at least a minimal viable product at the time of application submission,
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Have been founded no earlier than 9/30/14,
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Have founders that are actively involved in its management,
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Have revenues that do NOT exceed $75K on an annualized basis.
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* Please apply even if your company does not meet the incorporation guidelines *
Do companies need to be based in Detroit?
Applicants based in Southeast Michigan are encouraged to apply
How will prize money be allocated and distributed for winners of the Pitch Competition?
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Only legally-established and incorporated business entities will be eligible to receive funds*,
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Any in-kind services being offered as part of winning prizes will be arranged between service providers and winning companies.
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* Please apply even if your company does not meet the incorporation date or total funding guidelines *
What are the awards and prizes for the pitch competition?
To be announced at a later date.
When is the application due?
8/23/17 at 11:59pm EST.
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