RevRoad Hosts Fifth Annual Entrepreneur Competition - TechBuzz News

RevRoad Hosts Fifth Annual Entrepreneur Competition – TechBuzz News

This Saturday 17 September 2022 RevRoad The Fifth Annual Entrepreneurs Competition will be hosted by central bank. The competition will take place in the new UVU Keller building in Orem, Utah and is free and open to the public.

The annual RevRoad Competition for Entrepreneurs, sponsored by the Central Bank, provides entrepreneurs and business leaders with an opportunity to build trust by promoting their businesses and networking with other successful entrepreneurs. Revroad encourages community members to come support their local startups and network together.

The central bank’s grand prize for this year is $10,000. The runner-up receives a cash prize of $2,500 from Square The third place gets $1,000. There will also be thousands of dollars in additional prizes sponsored by Thread, Kiln, and World Trade Center in UtahAnd the Executive Vibrant SuitesAnd the All prizes are not related to investment or equity. The audience can also Vote for your fan favorite who will receive a cash prize of $1,000.

Last year, as reported in bazarthyAnd the kradu win the grand prize of $10,000, DiningTek was the runner-up, and tactic He came in third place. Yiding Won the crowd favorite award.

“There is a lot of energy in these amazing events,” says Eric Lo, co-founder and CEO of Krado. “It is great to see the community come together with all their amazing skills. We were excited to win the jackpot from the Central Bank. It is a great honor to be here and to be among so many talents.”

Applications for 2022 for the competition closed on August 13. The judges considered hundreds of applicants who narrowed down companies by criteria such as target market, problem/solution fit, team and advisors, leadership, traction, competitive advantage, finances, and more. They selected 36 semi-finalists. All of these companies will be represented at the trade fair at the start of the competition. The technical contestants in the semi-finals include errandFasters ZenbisAnd the Useless encryptionAnd the immersive historyAnd the SKELCO.

“First I look for a team that has depth and breadth, excitement and passion for what they do. Then I look for a team that has some real experience,” said James Clark, competition judge, CEO and managing partner at Clark Capital Partners.

This Saturday, the judges will reduce the semi-finalists to the top six contenders who will compete for the grand prize, runner-up and third place.

Contest judges come from across the Wasatch front and are 34 of Utah’s top business leaders, investors, and entrepreneurs. Among the judges, Davy’s Emily Smith, and Jeff Erickson ExpectationsTyler and John Richards of Startup Ignition Ventures and McKenzie Bauer of Thread Governor.

“The RevRoad Entrepreneur Competition gives entrepreneurs an opportunity to present the problems they solve before a panel of arbitrators equipped to tackle a variety of business challenges. Whether it’s in the form of cash investments, mentorship, or introductions to people,” explains Amy Caldwell, competition judge and co-founder of RevRoad. the right ones.

The event will begin at 8:30 am with a trade fair. The semi-final round will start at 10 am. The finalists will be announced and then shown at 11:30 am. The award ceremony will take place after lunch at 1:15 pm. Learn more about the competition and see the full list of companies and judges RevRoad’s website.

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