Tennessee Valley Federal Credit Union announces the 10 Idea Leap Grant finalists. The group of 10 entrepreneurs will vie for one of five grants, totaling $50,000, on Tuesday at 6 p.m. on Floor Five of the Edney, 1100 Market St. in Chattanooga’s Innovation District. This is one of more than 100 startup-focused events as part of Startup Week Chattanooga.
“During Startup Week in 2016, we announced that we were creating a loan product specifically tailored to small businesses called the Idea Leap Loan Initiative,” said Tommy Nix, vice president of business and commercial services at TVFCU. “Two years later we are excited to reinvest the Idea Leap Loan proceeds back into the community in the form of the Idea Leap Grant — and give away $50,000 to local business owners.”
At the event, each finalist will have three minutes to pitch their business and what they would do with the grant funds before a panel of judges and Startup Week audience members. A brief Q&A session with judges will follow each presentation. Once all the presentations are complete, the judges will deliberate and assess the finalists according to a set of five assessment criteria. During that time, audience members will have an opportunity to network with other attendees. The evening will conclude with the announcement of the five grant recipients. First place is $20,000. Second place is $15,000. Third place is $10,000. Fourth and fifth places are $2,500 each.
Come early for the Pre-Pitch Reception hosted by Co.Lab from 5-6 p.m. in the Edney’s Floor Five Accelerator Space, for light refreshments and to network with the finalists. The pitches will begin at 6 p.m. in the Edney’s Floor Five Community Space.
Review of TVFCU Idea Leap Finalists
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LoAdebar – Loaded Energy Bar
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