CO.LAB is excited to announce the 2020 Will This Float?: Black Founders Edition! This year’s competition will be hosted virtually during this year’s Startup Week Chattanooga.
Will This Float? is a business pitch competition designed to support up-and-coming ideas and companies.
Why Black Founders?
In this period of economic volatility and increased discourse on racial equity, the importance of supporting entrepreneurship in the Black community has reached a new high. Studies highlight that entrepreneurship is among the most significant pathways to creating wealth in the Black community. Now more so than ever it is critical to provide a platform and pathway for Black founders to showcase innovative and entrepreneurial ideas.
HOW DOES IT WORK?
Submissions are narrowed down to the top 6 finalists, who will present their concepts and businesses in a 3-minute pitch to an audience and panel of judges. Finalists based on the current status of their companies will be divided into 2 categories: Launch ($0-25k in annual revenue) and Up and Running ($25k or more in annual revenue). We use a combination of feedback from our panel of judges as well as crowdsourced voting to determine which idea floats best!
HOW DO I APPLY?
Any interested applicants can apply here by filling out a brief questionnaire and submitting a video. In the 1-minute video, include your name, your business name, the current stage of your business, and how you would use the top cash prize if you win.