Contest to award $10,000 in seed money

Entrepreneurs invited to take part in ‘Shark Tank’-style competition

The Drive, a business pitch competition presented by Inventrek Technology Park, will return in September to award $10,000 in seed money to a local entrepreneur.

An initiative of the Greater Kokomo Economic Development Alliance, the contest is open to those with a startup idea or expansion of an existing business located within Howard County.

The competition will take place during a “Shark Tank”-style event at 6 p.m. Thursday, Sept. 15 in Ivy Tech’s Hingst Hall. That evening, contestants will pitch their business idea to a panel of judges. The event will be open to the public, and there’s no cost to attend.

Those wishing to compete, however, must fill out an entry form in advance. The deadline to enter is July 22, with forms available here.

INAUGURAL EVENT

The inaugural competition was held in 2019 at Inventrek. A total of 21 local entrepreneurs submitted applications for the contest, with seven selected as finalists.

The judges awarded a total of $10,000 to three pitches, including software development, a solar power storage solution and a door-locking system for schools.

This year, organizers plan to award the entire $10,000 to a single business pitch.

Thank you to our sponsors!

Who is eligible?

• Entrepreneurs with a startup idea.

• Business with 100 or fewer employees may compete with expansion plan for an existing business. Expansion could include increasing square footage, adding a product line, and increasing geographical reach.

• Must be a Howard County, Ind.-based business.

Got questions?

Contact Lori Dukes, manager of economic development for the Greater Kokomo Economic Development Alliance. Call 765-319-3600 or click here to email.

The Drive is an initiative of the Greater Kokomo Economic Development Alliance.

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