SCEDC Scale-Up Challenge

Description

The St. Croix EDC Scale-Up Challenge is a dynamic pitch competition designed to identify, support, and promote small businesses with growth potential. This competition will provide a platform for entrepreneurs to showcase their ideas, gain visibility, and access resources essential for scaling their businesses. By fostering innovation and encouraging scalable business models, the Scale-Up Challenge aims to create an impact in the small business ecosystem, helping participants accelerate their growth and attract investment while improving the economy.

Join us on May 21 from 4-6pm to cheer on our finalists and see who is selected as the winner! This year's finalists are:

Busted Knuckle BBQ
Jeonsa Studio
Mindful Fork Catering
O I See You Youth Strategies, Incorporated
Perceptive Avionics
Sonya's Employment Options LLC
Woodsy Wild LLC

Eligibility: Open to small businesses and startups in operation for at least one year, with a proven product or service and plans for expansion. Headquarters of the business must be located in St. Croix County. Can be for profit or non-profit.

Prizes for the winner:

      -$5000 prize to fuel your growth initiatives
      -1-year co-working membership to St. Croix Valley Business Innovation Center
      -1-year membership to St. Croix Economic Development Corporation
      -Mentorship from successful entrepreneurs & industry experts
      -Resources to help you scale: legal, marketing, tech tools, and more!

Application Sections:

      - Business profile: Company name, location, industry, founding year, and team size.
- Problem statement: Description of the problem the business addresses.
- Solution and unique value proposition: Explanation of the product or service and what sets it apart.
- Growth and scaling strategy: Detailed plan outlining how the business intends to scale, including target market, customer acquisition, distribution, and any technological or operational enhancements.
- Financial overview: Brief on current revenue, funding to date, and projected revenue growth over the next two years.
- Impact statement: A description of how scaling the business will benefit the broader community or industry.