Michigan Velocity is currently running its annual 3X3 Pitch Competition, offering entrepreneurs in the state the opportunity to win grants of up to $5,000 to support their businesses. The competition is open for applications until the end of August, giving startups and small businesses a chance to showcase their ideas and potentially secure funding.
Paula MacPherson, the director of Velocity, recently spoke with CBS Detroit about the competition and emphasized the importance of supporting local businesses during these challenging times. The grants provided by Michigan Velocity can make a significant impact on a business’s growth and development, allowing them to expand, hire more employees, or invest in new technologies.
The Pitch Competition is a platform for entrepreneurs to pitch their ideas in a concise and compelling manner to a panel of judges. Winners will be selected based on the strength and viability of their business ideas, as well as their potential for growth and impact on the local community. The $5,000 grant can be a game-changer for many startups, providing them with the financial support needed to take their businesses to the next level.
The Michigan Velocity 3X3 Pitch Competition is an excellent opportunity for entrepreneurs to gain visibility, receive feedback, and access resources to help them succeed. By supporting local businesses through grants and mentorship, Michigan Velocity is playing a crucial role in driving innovation and economic growth in the state. Entrepreneurs interested in participating can find more information on the Michigan Velocity website and submit their applications before the August deadline.
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