$110K Prize Up for Grabs in Startup St. Bernard Entrepreneur Competition
St. Bernard Parish, LA (December 21, 2015) — The entry period opened today for the second annual Startup St. Bernard Competition presented by the Meraux Foundation and the St. Bernard Economic Development Foundation. Startup St. Bernard is seeking out innovative entrepreneurs willing to give 110 percent to compete for a prize package worth $110,000 designed to help propel their business to the next level. Entrepreneurs are invited to apply for a chance to pitch their business to a panel of judges during New Orleans Entrepreneur Week on Monday, March 14, 2016 at the Meraux Foundation’s Docville Farm in St. Bernard Parish.
“We are thrilled to present the second annual Startup St. Bernard Competition,” said Rita Gue, the president of the Meraux Foundation. “This competition not only gives entrepreneurs a chance to grow their business, it puts St. Bernard center stage.”
Startup St. Bernard is looking for innovative entrepreneurs to locate their businesses in St. Bernard Parish. The Parish is a land of opportunity for businesses, especially startups. While just minutes away from downtown New Orleans, land, labor, and costs of doing business are low — and the business support network is robust. The challenge is being organized by the Meraux Foundation, the St. Bernard Economic Development Foundation, and The Idea Village™. Supporting partners include Nunez Community College, St. Bernard Chamber of Commerce, and Leadership St. Bernard.
“Startup St. Bernard gives top-notch entrepreneurs a chance to compete for a prize package designed to help them scale their businesses. It entices scores of startups to consider locating their businesses in St. Bernard,” said Andrew Jacques, the executive director of St. Bernard Economic Development Foundation.
The prize package includes a mix of cash and in-kind donations, including legal, accounting, and marketing services.
The Startup St. Bernard Challenge is open to any startup business that will:
• Locate base of operations to St. Bernard Parish for at least 2 years
• Improve St. Bernard Parish
• Become part of the St. Bernard Parish entrepreneur ecosystem
To qualify, entrants must be in business for 5 years or less or an existing business creating a new division or entity, must have yearly revenue under $1,000,000, must have 5 employees or less, and cannot be a non-profit.
Judges will also score entries based on how the startups improve St. Bernard by creating jobs, investing capital into the parish, improving the image of St. Bernard, and/or contributing to growing the core Startup St. Bernard sectors: creative digital media, cultural arts/cultural economy, arts/entertainment, advanced manufacturing/value-added manufacturing, logistics, and the seafood industry.
HOW IT WORKS
1. Submit Your Business Plan online
Entrepreneurs must complete the entry form and submit a business plan at www.startupstbernard.com/enter by January 17, 2015.
2. Judges Select Finalists
A panel of judges with business experience will review the submissions and score the entries. The five highest-scoring businesses will be selected to “pitch” the judges at the Startup St. Bernard entrepreneur challenge.
3. Finalists Pitch for a chance to win $110,000 prize package
Five finalists will pitch their businesses to a panel of judges in a TED Talks-style presentation format. The live public event will take place at the Arlene Meraux River Observation Center during New Orleans Entrepreneur Week on March 14, 2016.
Everyone is invited to attend the Startup St. Bernard pitch challenge and cheer the entrepreneurs on!
About the Arlene and Joseph Meraux Charitable Foundation
The Meraux Foundation is a private 501(c)(3) nonprofit organization that was established by Arlene Meraux to benefit the community of St. Bernard Parish by leveraging its landholdings. Today, the Foundation’s board of directors is presided over by Arlene’s niece, Rita Gue, and consists of members Floyd Gue, Bill Haines, Chris Haines, and Sidney Torres, III. Guided by Arlene’s vision, the Board is implementing an innovative strategy to create lasting change and build a better St. Bernard. The Meraux Foundation is a founding sponsor and organizer of Startup St. Bernard.
About St. Bernard Economic Development Foundation
St. Bernard Economic Development Foundation is 501(c)(3) nonprofit organization founded in 2005 to promote economic development and commercial growth of St. Bernard Parish and to lead the initiation of partnering organizations seeking to improve the quality of life for St. Bernard Parish citizens. To achieve this mission, SBEDF primarily engages in business attraction, retention, and expansion. Additionally, workforce development and policy development are pursued as key initiatives to drive economic development activities. The Board of Directors consists of 28 voting members and 8 non-voting honorary members and public officials, all of which serve as volunteers to the organization. SBEDF’s work is made possible through the general support of its investors, St. Bernard Parish Government, St. Bernard Port, Harbor and Terminal District, the Arlene and Joseph Meraux Charitable Foundation and Cox Communications at the Champion Level and the Law Offices of Sidney Torres, III and Associated Terminals at the Pillars Level.
About New Orleans Entrepreneur Week
New Orleans Entrepreneur Week (NOEW) is the annual festival celebrating business, innovation, and advanced thinking in New Orleans. Produced by The Idea Village, NOEW engages a dynamic global network of entrepreneurs, investors, corporations, nonprofits, students, and professionals to support growing companies and elevate entrepreneurial success through eight days of discussion, debate, education, competition and celebration. This year, the event will take place March 11-18, 2016 and 10,000+ are expected to be engaged through over 75 different events.
