For the first time in Kootenay history, entrepreneurs and startups from across the region will go head to head in the first ever Kootenay Pitch Competition at the Nelson Innovation Centre, hosted by KAST (Kootenay Association for Science & Technology) and proudly sponsored by the Nelson & District Credit Union.
The competition is made up of three pitch events and a grand finale pitch event.
The first pitch event will take place on November 5, 2020 with applications due on September 24, 2020. Each pitch event will see four entrepreneurs pitching their businesses in front of a panel of judges that includes investors, technology experts, funding agencies and experienced entrepreneurs who have global connections to both markets and investment capital.
Not only will they compete for cold hard cash and amazing prizes - mentorship, networking, support and incredible exposure are all up for grabs. The pitch events (November, January and March) will take place in-person with a limited capacity due to COVID-19 at Nelson Innovation Centre and also live-streamed so people can tune in from across the province and beyond.
The winners of each event, the top three, will face off in the grand finale pitch event in April 2021.
“Holding the Kootenay region’s premiere pitch competition is the first step in providing important support and investor readiness training to our local entrepreneurs and startups,” said Kailyn Skuban, KAST’s interim executive director. “
The Kootenays are experiencing a tech-sector boom, but critical missing ingredients are the availability of capital and investor readiness. This competition will provide investment readiness training for local entrepreneurs, with a broader goal to develop future programming that will strengthen the investment ecosystem locally, diversify our economy, and create inclusive, modern, high paying sustainable jobs across our region.”
KAST is working diligently to build and develop a healthy and thriving technology ecosystem that supports the broader business network in the region. Winners of this competition will be fast-tracked into the Venture Acceleration Program which provides further customized 1:1 business coaching with an experienced mentor to help tech start-ups scale and grow.
As the global economic landscape continues to change and businesses continue to adapt to this new global pandemic, adopting new technology and supporting the local tech sector is more important than ever to ensure a healthy economic future for Kootenay residents.
"I’m so excited for this kind of event to happen here in the Kootenays," said Steve Fisher, a KAST Executive-in-Residence and co-organizer of the Kootenay Pitch Competition.
"Pitching a business idea is so important; you cannot raise capital or sell your products without delivering a great pitch. The only way to get good at it is to do it in front of a live audience, and that's what the Kootenay Pitch Competition is all about. Although the pressure is on and you have to perform, you'll be doing so in a supportive and stunning environment. To have the newly opened Nelson Innovation Centre as our state-of-the-art venue, the timing is perfect."
If entrepreneurs and startups are interested in applying, they can visit www.kast.com/kootenaypitchcompetition.
Applications are due September 24, 2020.