The Long Island Young Entrepreneur Challenge (LI YEC), sponsored by FrontStreet Facility Solutions in partnership with Capital One Bank, is now accepting entries until March 29.
Budding entrepreneurs aged 17-22 who either live on Long Island in Nassau or Suffolk Counties or are enrolled as an undergraduate student at an accredited Long Island college or university are eligible to compete in a business pitch competition to win up to $10,000 in start-up funding, mentorship from a Capital One Bank executive, and additional support essential for starting a business.
“We are excited to host our second annual Long Island Young Entrepreneur Challenge,” Joseph Scaretta, Chief Development Officer of FrontStreet Facility Solutions said. “At FrontStreet we are focused on both our clients and the community. Through this Challenge we are able to give back and strengthen our community as well foster a spirit of entrepreneurship.”
The LI YEC is divided into two tracks:
- the Entrepreneur Track open to individuals who reside on Long Island and
- the Student Track open to those who are full-time undergraduate students at an accredited Long Island College or University. Applicants are invited to submit a business idea in 1000 words or less.
To submit an application, visit http://www.frontstreetfs.com/community-application.htm. Applications will be judged on the core product/service, core client/demographic, vision, originality, and likelihood to succeed. “
The 10 top scoring entrants from the online competition, five from each Track, will be invited to the “live pitch” competition on Thurs., May 9 at Capital One Bank’s Long Island headquarters. Entrants will compete for cash start-up funding and prizes. Finalists competing at the “live pitch” competition will be met by questions from a panel of esteemed entrepreneurs. An awards ceremony will immediately follow. A $10,000 award, equipment and mentorship will be given to the top scoring “pitch” in each Track. A runner-up from each Track will be awarded equipment and mentorship for their start up.
A public information session will be held via conference call on Tues., March 19 from noon – 12:30 p.m. EST The conference dial-in number is (605) 475-4700 and the participant access code is 622117#.
For the official guidelines of the LI YEC, visit:http://www.frontstreetfs.com/community-guidelines.htm. To submit an application, visit:http://www.frontstreetfs.com/community-application.htm For more information contact Jennifer Bernheim at jbernheim@frontstreetfs.com.
