Sandbox IdeaLaunch Holds Pitch Contest for Entrepreneurs
Wednesday, May 16, 2012
Posted by: Kristina Moy
by Elliot Silver, Lowell.com
LOWELL, Mass. – The Merrimack Valley Sandbox recently launched the Sandbox IdeaLaunch,
a new initiative aimed to give entrepreneurs a greater chance at
success through pitch contests, workshops and intensive programs.
Throughout the next six months, the Sandbox IdeaLaunch will
hold five pitch contests where people can pitch their ideas. In the fall
of this year, a small number of entrepreneurs will be selected to enter
a business-plan competition with a prize pool of nearly $50,000. Next
year, the program will grow with more entrepreneurs selected and a prize
pool of nearly $100,000.
"It takes courage to solicit feedback on an idea, and it takes
determination, flexibility, and experimentation to turn an idea into an
enterprise. Successful companies of all sizes from Sandbox IdeaLaunch
will bring positive social and economic change to the cities and towns
of the Merrimack Valley,” says Desh Deshpande , co-founder of the
Deshpande Foundation and co-chairman of President Barack Obama’s
National Advisory Council on Innovation and Entrepreneurship.
On May 30, the Sandbox IdeaLaunch will be holding the first
pitch contest. This contest will be focused on technology, web,
applications and software ideas. Future contests will revolve around
arts, environment, education and other types of ideas. During these
contests, entrepreneurs will receive feedback about their ideas, network
with experienced entrepreneurs and can win thousands of dollars in cash
More than 30 organizations and institutions are participating in the Sandbox IdeaLaunch
including the city of Lowell, the city of Lawrence, Enterprise Bank,
Merrimack Valley YMCA and the University of Massachusetts Lowell (full
list of partners: www.sandboxidealaunch.org).
Read more about IdeaLaunch!