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UMD’s Shark Tank Entrepreneurship Competition 2017
All the contestants of the second annual Shark Tank Entrepreneurship Competition are University of Minnesota Duluth students. Their names, along with their products, services, or businesses can be found here.
The competition, organized by entrepreneurship students Mitch Brown and Natasha Perkerwicz, will be judged by a panel of Duluth business professionals and offers cash prizes for the top three business ideas with a first place prize of $1,500. The audience also has the opportunity to vote for their favorite business idea and can win that entrepreneur $300.
The six applicants and teams selected to pitch their ideas in the competition now have the opportunity to work with a mentor in their field prior to the show. Mentors work with the applicants in further developing their idea prior to the competition and give feedback on ways to enhance their business idea. These mentors are made up of local businessmen and women who have shown excellence in the field on entrepreneurship.
Attendees can ask contestants questions about their business ideas and enjoy light refreshments and snacks. Audience members have the opportunity to win door prizes and University of Minnesota Duluth students will be credited with “Group A Passport Credit” for attending.
The competition is sponsored this year by the Labovitz School of Business and Economics in support of Entrepreneurship.