Catapult Small Business Competition
Lapeer County Catapult Small Business Competition
Thank you for your interest in applying to compete in the 2018-19 small business competition sponsored by the I-69 Thumb Region. Total cash prizes for the I-69 seven county Thumb region will total $40,000.
Local cash prizes will be awarded for First Place ($2,500) and Second Place ($1,500). The first place winner will advance to the I-69 Thumb Region regional competition for a chance to win additional cash prizes, including: $6,000 for First Place, $4,000 Second Place and $2,000 for Third Place. The Catapult small business competition is intended to provide capital to launch startup business ventures or grow existing small businesses.
Ground Rules & Process:
- Your small business must be located in Lapeer County
- Eligible applicants are individuals wishing to start a business within the next six months or existing small businesses. A
small business has 20 or fewer employees with existing revenue of less than $400,000. Former finalists of previous
Catapult competitions are ineligible, other previous applicants (non-finalists/presenters) are welcome to apply.
- You must agree to present at the local competition on December 11 and potentially the regional competition on January 24
- You must answer the questions below and submit a brief executive summary and Powerpoint Presentation
- Application, Executive Summary and Powerpoint presentations are due by November 1
- Application can be submitted first (independently) followed by Executive Summary and Powerpoint by November 1
- Email Executive Summary (Word or Google Doc) and MS Powerpoint to:
- MS Powerpoint not to exceed 10 slides, finalists chosen will utilize to give a live four minute presentation
*Executive Summary Examples/Resources:
*It is recommended that the author use 11 point font for the body of the text with single spacing. A Microsoft Word document or PDF are acceptable upload formats.
Please provide the name of your startup or existing business:
Please provide your first and last name
Please provide your phone number. (Please list the number best used to reach you).
Please provide your email address:
Please describe your business as it relates to Advanced Manufacturing, Craft Agriculture & Food, Logistics, Professional Services, Tourism, Technology or a different industry not listed. (500 Word Max)
Who is your primary customer, what is the market for your product or service; and what (marketing) channels will you use to reach them? (500 Word Max)
Describe your business landscape (key activities) and your competitive advantage, include the value you provide to your customers. (500 Word Max)
How will you make money? Please indicate current or projected revenue streams. We understand many businesses will have several ways to generate revenue.
Briefly describe yourself and the principal partners/key members of your team. Please include name, title and list key activities they perform.
Do you have current customers and sales? If yes, what are your current sales (per month, quarter or annual) and how are customer sales/purchases made (online, business-to-business, business-to-consumer, direct sales)?
This completes your initial application. As your next steps, please 1) write a brief executive summary not to exceed three pages or 1,200 words 2) prepare a PowerPoint Presentation not to exceed 10 slides (finalists will use to present four minute business pitches at the live competition). Please email both requirements to:
by 5:00 P.M. on November 1, 2018. For documents not submitted by the deadline, applications will be considered incomplete and ineligible. If you have questions, or would like assistance, free counseling/coaching is available via our MI-SBDC partner. The staff may be reached at 810-762-9660.
In submitting this application, I agree to the terms below:
I agree to potentially become a Catapult Small Business Competitor
I agree to potentially present to a live audience on December (11) or regional audience on January 24
I agree to complete and submit a brief executive summary and submit via email by November 1
I agree to create and submit via email a PowerPoint presentation not to exceed 10 slides by November 1
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