Scale-Up Pitch Challenge

The NBMBAA® Scale-Up Pitch Challenge

The National Black MBA Association® is proud to announce its Scale-Up Pitch Challenge for entrepreneurs. The Scale-Up Pitch Challenge encourages our members to create startups that are scalable and sustainable. We provide startups the unique opportunity to connect with early stage investors and venture capitalists who are ready to invest. Participants can win up to $50,000 grand prize with prizes being awarded for the top three pitches. If you think your startup embodies a “Big Idea” that can be even bigger, this challenge is for you!

Scale-Up Pitch Challenge Timeline

Online Submissions: July 21 – Aug 23 @ 11:59pm eastern

Interested teams who meet eligibility requirements (see below), will submit an online application (including pitch video and business canvas).

 

Semi-Finalists Notifications: Aug 28 @ 6pm eastern

10 finalists will be chosen to participate in the live pitch event held at the 2017 Annual Conference & Exposition presented by NBMBAA® & Prospanica® in Philadelphia September 28, 2017. We will notify finalists via email by August 28. Semi-finalists will receive complimentary Conference registration, hotel and airfare for one team member. Winners will be contacted with additional details regarding their participation.

 

Semi-Finalists Round: Sept 28 @9am eastern

Semi-finalists will present their pitch live in front of a panel of judges.

 

Finalists Round: Sept 28 @4:15pm eastern

Semi-finalists will present their pitch live in front of a panel of judges.

 

Winners Announced: Sept 28 after Final Round Concludes

Date, time, and location TBA.

Submission Requirements

Elevator Pitch

Participants will record and upload a 90-second elevator pitch to YouTube. You will be asked to include the YouTube URL in your application. Your elevator pitch should answer the following questions:

– What is your product/idea?

– Why is your idea scalable (i.e. what’s the market)?

– Why is your company better than competitors?

– What will you do with the $50K investment if you win?

– What does the NBMBAA® mean to you?

Completed Business Canvas

Participants will download and complete the business canvas to upload with their submission. Download the business canvas on the Resources Page.

Angel List Profile

Participants will create and complete an AngelList profile for their business. Click here to complete.

Completed Submission Form

When you have all your other materials prepared, complete the Scale-Up Submission Form.

NBMBAA® Membership

At least one member of each Scale-Up Pitch Challenge team must be an active member of the National Black MBA Association® to gain access to the submission form. Not a member? Join Now.

Advancing to Semifinals

10 semi-finalists will be chosen to pitch their idea live to a panel of judges at the 2017 Annual Conference & Exposition presented by NBMBAA® & Prospanica® in Philadelphia on September 28th. Each team will receive Conference registration, hotel and airfare for one team member. For a full description of the pitch requirements and judging, click here.

Prizes

The top three teams, selected by judges, will be awarded cash prizes, with all semi-finalists receiving a cash prize. The audience will have the opportunity to vote for their favorite team, which will also receive a cash prize.

   1st Prize: $50,000

   2nd Prize: $10,000

   3rd Prize: $5,000

   People’s Choice Award: $1,000

   All other Semi-Finalists: $500