Just about 50 area entrepreneurs competing for prize dollars to fund their organization thought

VINTON, Va. – Almost 50 community business owners submitted their business enterprise strategies this 7 days to be judged in the Gauntlet, as they grow to be a single step nearer to earning their organization dreams occur real. The Gauntlet is the state’s major business enterprise opposition plan that has aided hundreds of community corporations start off or increase in excess of the earlier 7 decades.

Now, a panel of local small business specialists and financial leaders will get started looking at in excess of their ideas, deciding which strategies have gained a location in the last section of the opposition. Finalists will have the prospect to give their enterprise pitch in-man or woman in front of the judges.

Tens of thousands of dollars of money and in-kind prizes are on the line to aid fund their idea. Finalists will gain the optimum awards. Just about every entrepreneur that accomplished the plan will get paid a thing to enable them begin their company.

A lot more than 100 entrepreneurs began the 10-7 days program this 12 months. Shannon Dominguez with the Progression Foundation, the nonprofit powering the Gauntlet, explained 49 entrepreneurs are competing. The majority of people ended up submitted from business people in Roanoke City. There are 16 from Roanoke Metropolis, 10 from Roanoke County and multiple business owners from Botetourt, Bedford, Lexington and Allegheny Highlands.

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Business ideas being pitched this yr array from a range of industries like retail, agriculture and dining establishments, and are staying submitted by a range of contributors — a person that’s only 7-many years-outdated, the youngest in Gauntlet history. Several companies, like Woven Artisan Gallery, also function community give-back themes and focus on corporate accountability.

This is the 1st yr the application has been made available in the Bedford region. Development Foundation President Annette Patterson claims they have plans to continue on to expand throughout the area, particularly in the New River Valley following calendar year.

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Winners will be announced in Might. 10 News is a proud media sponsor of the Gauntlet.

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