Are you an entrepreneur with a groundbreaking business idea? Do you have a product or service that could change the game? This is your opportunity to bring your vision to life!
About the Challenge
Preparations are underway for the 8th Annual Scott County Fast-Track Business Challenge, providing an exclusive platform for startups and early-stage businesses. Organized by the Scott County CDA – Center for Entrepreneurship (CFE), this competition is geared toward enhancing local entrepreneurship, fostering job creation, and catalyzing economic growth in Scott County.
History of Success
- Cash and In-Kind Services: A total of $118,000 has been awarded to participants.
- Participants: 33 entrepreneurs have taken part in the challenge.
- Outside Funding Accessed: Participants have accessed an impressive $1,700,000 in external funding.
- Active Businesses: Currently, there are 22 active businesses that emerged from the challenge.
- CEO Next Participants: 4 entrepreneurs have progressed to the CEO Next program.
- Companies Sold: 2 companies born out of the challenge have been successfully sold.
- Jobs Created (Direct): A total of 165 jobs have been directly created by these businesses.
- MN CUP Semi-Finalist: 5 participants have reached the semi-finals of the MN Cup competition.
These remarkable metrics demonstrate the tangible impact of the Scott County Fast-Track Business Challenge on local entrepreneurship and economic development.
Key Dates
- Application Deadline: August 31, 2024
- Live Event for Selected Finalists: October 10, 2024, 3 PM at Prior Lake City Hall
Why Participate?
The Fast-Track Challenge Offers:
- Cash and In-Kind Services prize packages
- Mentorship: Get matched with experienced industry leaders.
- Resources: Access business and financial planning tools.
- Networking: Connect with other entrepreneurs
- Media Exposure: Gain visibility for your business.
How to Apply and Eligibility
Applications are open until August 31, 2024. Submit your application through our website: www.scottcountyfasttrack.com No entry fee required!
Free Pitch Preparation Assistance
Participants receive free assistance to prepare for the event, courtesy of NextStage and the Scott County CDA Center for Entrepreneurship Board.
Contact Information
For more details, visit our website or contact Michael Werneke at mwerneke@scottcda.org or 952-395-5122
Feel free to share this information with anyone who might be interested! If you have any further questions, don’t hesitate to reach out. Good luck to all applicants!
