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Innovative business ideas to take stage at Tech Alliance’s Venture Challenge

The Mississippi Technology Alliance (MTA) will present the Fifth Annual Mississippi New Venture Challenge May 22 at the Jackson Convention Complex.

The New Venture Challenge is a business plan competition that provides an opportunity for aspiring innovators and technology entrepreneurs to pitch their business plan in a rapid-fire format to a panel of angel investors and also be paired with a mentor prior to the event.

“Each year the event gets bigger and better,” said Tasha Bibb, entrepreneurial development manager for MTA and the event’s coordinator. “Not only does the New Venture Challenge serve as a forum to allow innovative startups to pitch their ideas and receive feedback, it also allows them to come together with service providers to network and gain access and knowledge about potentially valuable resources.”

Teams register in one of three categories – student-led, pre-revenue and commercial – and are then placed with a mentor who will assist in preparation for the competition. Mentors will be matched with companies based on their areas of expertise and experience, and include angel investors, Venture Coaching Academy fellows, seasoned entrepreneurs and industry experts.

The winning teams will receive cash prizes and/or in-kind services to help grow their business based on their current needs, such as services from attorneys, accountants or web designers.

“Past winners have gone on to raise more than $5 million in private investments and other funding and have hired 60+ employees in the years following their victories in the New Venture Challenge,” said Bibb.

Details: www.technologyalliance.ms/newventurechallenge or contact Tasha Bibb at tbibb@mta.ms.

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