The 2015 Bears' Lair Competition is looking for Peterborough’s next great entrepreneur—and it could be you!
Yes, Peterborough’s friendly, homegrown version of the hit CBC show Dragons' Den is back for a fifth year and is currently seeking entries. The contest is open to potential and existing businesses with a great idea (and execution) that benefits the local economy, is innovative, is financially viable, and shows that the entrepreneur has both passion and has done their research.
It is a chance to make the dream a reality, take the project from the garage into production, or help a current business expand operations. If last year’s winner, The Land Canadian Adventures are any indication, Bears’ Lair serves as a great launching pad.
The 2015 contest features two streams—"Innovation" and "Goods & Services"—so that means there are now two 1st place $5,000 and two 2nd place $1,000 cash prizes to be won.
Entrants and winners also get a lot of support from the professional and business service resources in Peterborough’s Startup Community. This includes business planning, accounting, legal services, communications, technology, marketing support and office space.
Businesses enter the contest by submitting a photo/business image to the Bears' Lair Facebook page. Entrants are then eligible to attend the following four boot camps:
March 10th, 10 am, at GPAEDC: Financial Projections with Gwyneth James of Cody & James CGA
March 12th, 10 am at GPAEDC: Social Media Marketing with Sofie Andreou of Sofie Andreou & Associates
March 17th, 10 am at GPAEDC: Understanding Intellectual Property with Bereskin & Parr & the Greater Peterborough Innovation Cluster
March 19th, 10 am at GPAEDC: Business Model Development with the Peterborough Economic Development Business Advisory Centre
THE NEXT STEPS FOR THOSE ENTERING...
The next steps for entrants are to submit a 2 minute YouTube video summary of the business and 5 page business plan summary by March 26, 2015 to email@example.com. The summary should include information such as cash flow projections, summary of their business model, customer info, problems solved—and show that they are the right entrepreneur to make it happen.
***Here is a hint... Remember the judging criteria benefit to local economy, innovation, viability, passion and doing your homework. Assistance in assembling your plan can be accessed for free from the Business Advisory Centre and the Innovation Cluster.
The 2015 Bears’ Lair is chaired by Sofie Andreou and presented by Greater Peterborough Chamber of Commerce, Greater Peterborough Innovation Cluster, Peterborough Community Futures Development Corporation, Peterborough Economic Development Business Advisory Centre and the Peterborough Region Angels Network.
The full prize package will be announced shortly but we can say that PTBOCanada.com—yep, that's us!—is on board as a gold sponsor. PTBOCanada.com loves Peterborough's entrepreneurial spirit and creative ingenuity, and want to celebrate and promote its start-ups. Each Grand Prize winner of Bears' Lair will receive a Featured Post here on PTBOCanada.com and 1 hour consultation by PTBOCanada Publisher/Co-Founder Neil Morton to help with their launch and build buzz.
Are you interested in joining Bears' Lair on the startup community train and contributing your product or services to the prize package? Contact Sofie Andreou to talk sponsorship!
The Bears' Lair winners will be chosen April 21st at The Venue.
Good luck to all entrants!
Learn more about the competition in this video...