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Dragon’s Den style competition: Take the opportunity gain expert advice and fine prizes

20 August, 2013 in news

The Ireland Luxembourg Chamber of Commerce (ILCC), in collaboration with The Impactory launched an Innovation Contest on 4 June at the Abbaye de Neumunster. The contest will culminate with a Pitching Event at Thursday 10 October at the premises of The Impactory. The project is being supported by a number of great companies who are offering a range of prizes in the form of cash, training and support. We will announce these sponsors in the coming days and weeks. This is a great opportunity to move your project to the next step and get the push it needs to become the success it can be.

How it works

The 10 October event format is based loosely on the Dragon’s Den concept of pitching ideas to potential investors with market experience. There is no restriction as to business sector and whether it is product- or service-based. Entrants do not have to be members of the ILCC or the Impactory.

Applicants will need to demonstrate that they have covered:

  1. Market research
  2. Product prototype
  3. Business plan
  4. Have the ability to deliver a pitch.

They should email: with a brief outline of their business idea, with full applications to be submitted by 15 September 2013. A number of applicants/entrepreneurs will then be invited to pitch their ideas in front of the “Dragons” on 10 October.
Format of the pitch event

Each pitch will be for a maximum 5 minutes followed by 10 minutes of questions by the “Dragons”. When all pitches have finished, the “Dragons” will deliberate to choose the best pitch(es) and awarding of prizes. Judging criteria will be along the lines of the four basics detailed above, with the individual “Dragons” bringing their own market expertise to their critiques and decisions.

What are you waiting for? Bring your idea to the public and win great prizes that will help move you towards your success.

See www.ilcc.lu for further details.

 

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