The Michigan Women’s Foundation will soon initiate their signature pitch contest meant to corroborate aspiring women entrepreneurs in launching and scaling up social ventures within the region. Those wanting to participate have been urged to come up with conceptions that will cater to community concerns, based on a sustainable business model and a product/service that will amass an ample customer base. These need to be presented in a two-page paper which will also entail financial overviews. Professionals as well as successful entrepreneurs will form the judging panel to assess the applications and choose the finalists. Participants to partake in the finals will be granted study opportunities, mentorship, and technical assistance, to further fine-tune their proposals.
The initiative kick-starts on September 30th with a series of presentations from successful company owners. One of few scheduled to give talks is David Silver, owner of the Detroit Horse Power enterprise which tutors youngsters in urban areas on how to mend horses so that they can use the skill as an income generating activity.
Other highly acclaimed social ventures in the area include Detroit-based Rebel Nell, which empowers women who were initially homeless by showing them how to make jewelry from graffiti. Toms Shoes serves as another perfect case study, being a company that sells pricey designer shoes while disseminating a pair of durable shoes to the needy with the sale of every package.