Grow Your Business: How Pitch Programs Prepare Start-ups for Traditional Funding

Source

MaineBiz

Date

4-1-2019

Pages

14-17, 20

Abstract

Focus piece on pitch competitions and programs in Maine that prepare start-up entrepreneurs. The programs are also beneficial to bankers as they can mitigate the risks when a bank is considering a loan application. Programs like Maine Center for Entrepreneurs Top Gun, Gorham Savings Bank's LaunchPad, and Greenlight Maine's pitch contest, among others, can help educate new entrepreneurs to "de-risk" their companies and increase their chances of success. North Spore Mushroom Co. of Westbrook is one start-up that benefited from winning cash in two pitch contests, cash that paid for additional equipment and new hires.

Subjects

New business enterprises, Venture capital

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