Registration is Closed

Don’t Miss Out…Get Paid as much as $5000 for your business idea. The competition is on for the best pitch of an early stage or start-up business model that articulates an “investable idea.”

SCOREcard 2019 Pitch Competition

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January 15 – February 5, 2019
Registration is Limited!

Rewarding and mentoring Richmond’s best new business models and pitch

SCORE Richmond, in partnership with Activation Capital, is pleased to announce the SCOREcard 2019 Pitch Competition to determine the best business model that can lead to increased revenue and profit growth – the model and pitch that best demonstrates optimum customer and investor appeal.  

Six contestants will be chosen to present a business pitch and compete for cash awards.

Cash Awards


First Place – $5,000
Second Place – $2,500
Third Place – $1,000
Runners Up - $500 each

 

Eligibility

  • Must be a start-up or in business less than one year, defined by when first dollar of revenue was received
  • Business cannot be a non-profit or franchise, an extension of an existing business, or a purchase of an existing business
  • Contestants must reside within the Richmond Metropolitan Statistical Area (MSA)*

The competition will be executed in two parts:

Part I will examine the business model using the Business Model Canvas (BMC) format, how the business is positioned in the competitive landscape, and how the business will get off the ground. The following information will be required:

  1. Name of business
  2. Brief executive summary
  3. Nine sections of the BMC, including underlying assumptions
  4. Competitive analysis
  5. Financial Analysis

This information will be captured in a Competition Workbook that will be sent to all registered contestants on February 6. The completed workbook must be submitted on or before March 13.

The six contestants selected as finalists will be announced on April 3. The selections will be based on the following:

  1. Clear definition of business problem or need being addressed and the target customer
  2. Well defined go-to-market strategy
  3. Specific operations model
  4. Financial viability
  5. Completeness and consistency of analysis

In addition, each contestant will have the opportunity to:

  • Receive training on the BMC and on how to develop a pitch
  • Work with a SCORE mentor throughout the competition and afterword.

Part II covers The Pitch Event on April 30. Each of the six selected finalists will be invited to deliver an eight-minute business pitch and answer judges’ questions. An independent panel of judges, consisting of prominent business representatives from the Richmond area will select the winners.

Richmond SCORE is an all-volunteer non-profit association that provides, at no charge, confidential advice and mentoring to startups and existing small business owners. So, win or lose, all contestants will receive valuable guidance on maximizing the potential of their businesses and an opportunity to forge a productive, long term mentoring relationship.

Competition Timeline

January 15 through February 5 – Registration open
February 6 – Competition Workbook issued and mentor assigned  
February 7 – BMC training offered to registered contestants
March 5 – C&F Bank hosted networking mixer for registered contestants and mentors
March 13 – Completed Competition Workbook due
April 3 – Six finalists selected
Early April – Pitch training offered to finalists and all registered contestants
April 30 – Pitch Event at Activation Capital, located in VA Bio+Tech Park  

How to Apply

  • Register online between January 15 and February 5, 2019
  • Competition Workbook and assigned mentor will be emailed to registered contestants on February 6
  • Competition Workbook must be completed and submitted on or before March 13

During this competition, there are several opportunities for publicity, photographs and other public uses of the contestant’s images and their businesses. Therefore, please read the following model release:

ENTRY CONSTITUTES PERMISSION TO give to SCORE its assigns, licensees, successors in interest, legal representatives, and chapters the irrevocable right, without limitation, to use and publish the contestant’s name (or any fictional name), address (city and state), picture, portrait, image, photograph, video footage, or other likeness and/or voice as well as video and text of any interview or comment a contestant gives for advertising or promotional purposes in all forms, in all media and in all manners, without any restriction as to changes or alterations (including but not limited to composite or distorted representations or derivative works made in any medium) for advertising, trade, promotion, exhibition or any other lawful purposes.  The contestant waives any right to inspect or approve the photograph(s) or video(s) or finished version(s) incorporating the photograph(s) or video(s), including written copy that may be created and appear in connection therein, without limitation, further payment, consideration or notice.
The contestant releases and agrees to hold harmless SCORE, his or her assigns, licensees, successors in interest, legal representatives and chapters from any liability by virtue of any blurring, distortion, alteration, optical illusion, or use in composite form whether intentional or otherwise, that may occur or be produced during filming or in the taking of the photographs, or in any processing occurring during the completion of the finished product. The contestant waives any claims they may have based on any usage of the photographs, video or works derived thereof.

ENTRY CONSTITUTES CONFIRMATION THAT THE CONTESTANT attests to the following: to being 18 years of age or older and competent to give permission; agrees that this release shall be binding on me, my legal representatives, heirs and assigns; and, I have read this release and understand its contents.

Registration – $50 fee is required to register

Registration is limited.

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