Tiger Cage is an entrepreneurial start-up competition designed to spur entrepreneurial activity in Albert Lea and Freeborn County.
HERE'S HOW IT WORKS
Tiger Cage is brought to you by ALEAP, sponsored by Albert Lea Economic Development Agency, area businesses, and community members with a strong passion for thriving entrepreneurship in Albert Lea. Entrepreneurs can enter into two categories; new business or existing business.
Application deadline: 5:00 p.m. on July 27, 2018
-Submit six-question application
-All applications will remain confidential
-Applicants moving forward to Phase II will be notified on August 6, 2018
Business plans due: 5:00 p.m. on October 5, 2018
-Consent to a credit review
-Develop business plan through LivePlan
-Judges advance up to 3 applicants in each category
-Semifinalists remain confidential
Deliver pitches in-person to judges and audience on November 15, 2018
-Receive coaching from mentors/pitch practice night
-Each participant will have 5 minutes to pitch their idea and 10 minutes to answer questions from the judges
-Winners will be announced November 21st
More about TIger Cage
Tiger Cage is an entrepreneur start-up competition designed to spur entrepreneurial activity in Albert Lea and Freeborn County. Business concepts eligible for the competition are: new businesses, significant expansions of an existing business, or a second or third retail or restaurant business satellite location from an existing business in another town. Tiger Cage is organized by ALEDA with assistance from a variety of other businesses, organizations, and members of the Albert Lea community.
Grand prizes will be awarded to one winner of each category. The grand prize packages will consist of a cash grant and in-kind donations of professional services. It’s up to the community to decide how much is awarded. The Tiger Cage committee is currently soliciting local businesses to help match two grants; $10,000 from the Albert Lea Business Development Center and $5,000 from Farmers State Bank. If the business community can help us reach $15,000, we’ll have a total of $30,000 cash to be divided between two deserving businesses. If you or your business is interested in donating funds or in-kind services, contact Noelle Hagen at ALEDA (507-373-3930).
To apply contact Albert Lea Economic Development Agency (ALEDA). An official application form must be completed and submitted to ALEDA no later than 5:00 PM on July 27, 2018. Application form can be found by clicking the button below. Submissions will be received at the ALEDA offices or submitted by mail or email: Albert Lea Economic Development Agency, PO Box 370, 2610 YH Hanson Ave, Albert Lea, MN 56007 or firstname.lastname@example.org. The application period will close July 27, 2018 at 5:00 p.m. Central Time.