SAN FRANCISCO, CA. — February 11, 2009 —
has launched the 2009 “Elevator Pitch” contest with sponsors Toshiba America
Information Systems, Inc., Digital Products Division (explore.toshiba.com) and
from Citrix Online. The contest will recognize the next great business ideas
and entrepreneurs worthy of funding. The winning entrepreneurs will receive a
pre-arranged one-hour presentation to top tier investors and give them a
competitive edge in seeking investment in this challenging economic climate.
The winners will also each receive a Toshiba Satellite? Pro S300 laptop
to help them achieve all of their goals with maximum capability, mobility and
reliability. An additional prize includes a one-year GoToMeeting account,
enabling the contest winners to conduct presentations and meetings online in
Elevator pitches have a long history in American business
and typically contain an overview of an idea for a product, service, or project
and the name reflects the fact that the pitch can be delivered in the time span
of a brief elevator ride.
Contestants interested in competing in the contest can
submit a video pitch to http://www.startupnation.com/elevator-pitch-2009 up
until March 20, 2009. Video submissions should be quick-hitting business plan
pitches designed to entice investors (thirty seconds and 100-150 words). The
top 100 contestants will be selected by popular vote and then judged by a panel
of StartupNation judges as well as an outside panel of renowned angel and seed
stage venture capital investors.
On April 7, the top five pitchers will be announced and
invited to participate in a 60-minute, GoToMeeting-hosted online meeting with a
panel of seed stage investors whose funds under management exceed $1 billion collectively.
StartupNation’s objective is to give entrepreneurs every chance possible to
successfully launch and grow their business ventures.
“This is an extremely tough a time for
entrepreneurs as financing has tightened up considerably in 2009. However,
top investors are still on the hunt for outstanding business ideas. Our goal
with the Elevator Pitch contest is to give these intrepid entrepreneurs
constructive feedback on how to be more effective in pitching their
opportunities to investors and to inspire others to prepare their own pitches
so when their ‘someday chance’ comes, they’re ready for show time. After all,
if you can’t communicate your business opportunity in a quick elevator ride,
you’re not ready to raise money!” said Rich Sloan, co-founder and chief
startupologist of StartupNation.com. Sloan has critiqued thousands of
pitches on StartupNation Radio, a weekly, nationally syndicated call-in radio
program that informs and entertains entrepreneurs.
enter, contestants must submit video or audio up to two minutes in length to
StartupNation.com by March 20, 2009. Contestants must be located in the U.S.
and be 18 or older to participate.