A pitch competition provides an opportunity for entrepreneurs to demonstrate their company plan or product in exchange for funding. Aspiring entrepreneurs may use these challenges to hone their business abilities, raise publicity for their business concept or product, and possibly earn funding to help them achieve their goals. We offer regular pitch competitions for our members in front of a panel of experienced judges and an audience of potential investors. Our relationships with prominent VCs have allowed us to offer prizes of up to £150,000 in investment for winning startups!
Normally we hose our pitch competitions in London however we are expanding to offer competitions across the UK and in New York. We also live stream our pitch competitions online and recordings are normally available shortly after.
How can participating in pitch competitions benefit you?
- Finetune your message : Preparing for a pitch event takes a significant amount of time. Start-ups can use this period to examine their product, concept, or invention more closely, validate that its positioning and qualities meet a market need and are on trend, and craft a compelling story that positions it for success.
- Gain visibility: The correct pitch competition will allow start-ups to achieve high-impact publicity for their product, concept, or innovation among key industry leaders, investors, possible business partners, relevant media sources, and even prospective customers, thanks to the judges and audience members.
- Build strategic connections: Pitch contests provide participants the chance to network with other competitors, engage with mentors and investors, and learn about new resources for entrepreneurs. Start-ups will surely get feedback as a result of this approach, which will help them enhance their business strategy, value proposition, or messaging, as well as perhaps lead to investment.
How to prepare for a pitch Competition?
- Refine and streamline your pitch deck: Make sure your deck responds to the major questions that will be on your audience’s minds during your presentation. Address the issue, solution, market size, potential, competition, finances, marketing plan, team, and how you intend to use the funds.
- Get your pitch reviewed by someone outside your company. Having your pitch deck analysed by someone who has seen hundreds of them can help you determine where the flaws are. At EC we have a professional team that takes charge of reviewing and advising people regarding their pitch decks.
- Refine your deck again: Take the time to make the required modifications that you were instructed to make. Even though it’s tempting to attempt to get by with your present deck.
- Rehearse your presentation: Most individuals underestimate the number of times they should practise a pitch or presentation. Practise it as many times as necessary until you can go through it without questioning what will happen next. Therefore, you wont be focused on trying to recall your pitch and it will go a lot smoother. You’ll be more completely present in the moment and able to convey your enthusiasm.
- Be ready for questions: After you’ve given your pitch, most pitch competitions include a quick question-and-answer session. Be ready with answers to every common and difficult question you could be asked, and practise giving them. Smart investors will want to know that you can objectively recognise possible hurdles know how to overcome them.
At Entrepreneurs Collective, one of our many events consists of Pitch Competitions, usually once every month. We invite Investors to come and judge, a few names consist of Chet Parker, Nick Telson, Philip Green, Barbara Brudenell-Bruce and Kayar Raghavan.
Want to Attend?
Our pitch comps events are usually located in Central London venues and livestreamed online for all our worldwide viewers. We accept applications from startups who are bootstrapping right through to Series A. While priority for places is given to our members we also normally have 1-2 free pitch competition places available at every event. If you are interested in attending, either to pitch or simply to observe please just contact us here to discuss!