It is an entertaining business model that has drawn many admirers – a panel of business experts who listen to pitches from budding entrepreneurs, invest in projects and offer marketing tips.
Case in point, the popular Shark Tank reality TV program on ABC that has attracted an increasing number of viewers since it premiered in August 2009.
Following that model, organizers at the Northern Arizona Center for Entrepreneurship and Technology (NACET) at the Flagstaff campus on Gemini Drive initiated the Pioneer Pitch competition last year, with a return engagement this year.
Hosted by the Moonshot at NACET program, the pitch is a contest for innovators with ideas in need of support, as well as business professionals wanting to expand an existing idea.
“Last year’s event was a huge success,” said Scott Hathcock, CEO and president of Moonshot at NACET. “We had roughly 25 companies apply and extended 18 entries through to the first round. Then, we determined that five companies made it to the final pitch event.” ....