Central Piedmont and Fifth Third Bank have partnered to bring the 53 Ideas Business Pitch Competition and the search is on to find the next big idea. The process is simple and takes less than a minute.
Got an innovative business idea? Record a 53-second video, submit it, and wait to see if your idea is selected as one of the top 53 submissions.
To enter, individuals have 53 seconds to share their idea in the form of a video submitted at 53ideas.com. Round one is based on the idea. Contestants do not have to excel at pitching, they just need to share who they are, their idea, the problem it solves, how it is new or superior to an existing product or service, and how they can make it happen.
Judges will select the top-53 ideas and those contestants will move on in the competition to receive training to help them prepare a three-minute pitch for the second round of the competition. Judges will then narrow the field to the top 10 and those selected will receive $250 before moving forward to compete in the Pitch Day finale.
Training and coaching on pitching, financing, forecasting, and general business will be available to every participant, even if they do not make the top 53. However, the top spot will receive $10,000, second place $5,000 and third place $2,500 to help turn their idea into a viable business.