Are you one of those people whose carrying around a great idea locked in your head? An idea you reckon could be great, solve a big problem, make people’s lives easier. Then you are just like the entrants for Innovate 2018.
The Factory’s Innovate competition sets out every year to find a great idea and start it on the path to becoming a reality. Over the last six years more than 1300 ideas have come through the competition. Some of them have gone on to become businesses, changing people’s lives in the process.
Entries are whittled down to find a Top 20 who have 3 minutes to pitch their idea. The best 5 pitches are assigned 3 mentors each. These mentors are respected business people, hand-picked by The Factory team. Theses mentors have just the perfect experience to further develop our entrepreneurs’ ideas.
Now the hard, but rewarding, work begins! Working in tandem with their mentors the Factory team put the Top 5 contestants through 10 weeks of intense mentoring to really hone their idea and their final pitch. Because on the 29th of November Innovate 2018 culminates in a 5 minute pitch from each team to convince the panel of judges why their idea is best.
The winners walk away with a cash prize, but even more importantly a whole lot of assistance from the experienced folks at The Factory to start turning their idea into reality.
Last year’s winner was Paul Simpson of inventory management software company StockTrim. Paul aims to use his win to boost his business from a handful of clients to a business that makes close to $20 million annually by 2019. The Factory will be supporting him along the way.
Who will be the winner this year? Who’s got the ingredients they can ignite with a flame from The Factory and get their business cooking?