A local entrepreneur contest called 5 Across is expanding its prize money this year to $7,500, up from $6,000 in 2011. The concept is simple: Five entrepreneurs are chosen from applicants to make a presentation before an audience, including experienced business people who serve as judges. Contestants must make their pitch in five minutes or less, using no more than five PowerPoint slides.
The overall winner of the pitch contest in 2012 will receive $4,000, up from $3,500 last year. Also, the overall second-place winner will also now receive a prize of $1,000. Winners of the five individual contests leading up to the finale will continue to receive $500 each. The first event of the year is scheduled for 5-6:30 p.m. Feb. 29 at Awesome Inc. at 348 East Main St.
"The 5 Across series has been successful in promoting entrepreneurship and pushing forward startups," said Brian Raney, a co-founder of Awesome Inc. "We want to build on that success and continue to provide more incentive for entrepreneurs to pursue their ventures."
To learn more, visit 5across.org.