Exciting Finalists Announced for Entrepreneurship Competition
In a remarkable showcase of entrepreneurial talent, Global Atlantic Financial Group and the Bermuda Economic Development Corporation (BEDC) have unveiled the eight finalists for the highly anticipated Wave of Opportunity Pitch Competition. Set against the backdrop of the stunning Hamilton Princess Hotel, this event promises to illuminate the innovative business ideas emerging from Bermuda. Attendees can look forward to an engaging experience as these promising entrepreneurs make their case for a share of the $125,000 small business accelerator grants available to winners.
Competition Overview
The Wave of Opportunity Pitch Competition is not just a chance for business owners to present their ideas; it is an event that fosters community involvement and encouragement for local enterprises. This year, the competition received an impressive 65 applications. Each submission was thoroughly reviewed, leading to a selection of 25 candidates, which included standout entries from youth and established local businesses.
Finalists Competing for Grants
The competition features five adult finalists and three youth finalists, each vying for the opportunity to win one of five coveted $25,000 grants. These grants are intended to encourage the growth and sustainability of businesses that are vital to the island’s economy.
Talented Youth Finalists
This year’s youth category was particularly noteworthy, showcasing the ingenuity of young entrepreneurs aged 13-22. The three finalists in this category are:
- The Playroom – Akilah Acka: An inventive indoor playground and café designed for children from six months to six years.
- Navigate – Tre Maxwell: A creative mobile drone light show service providing custom LED displays.
- Flow by Nico – Nico Bean: A platform for unique artistry, offering acrylic paintings, custom-printed notebooks, and handcrafted ornaments.
Adult Finalists Showcasing Innovation
The adult finalists represent a blend of creativity and business acumen across various industries. They include:
- PsyNeu – Adriene Berkeley: A mental health practice focused on cognitive skill development.
- Sweat Suites Studio – Lauren Furbert: Bermuda’s first wellness club featuring innovative therapies like infrared saunas and cold plunges.
- NBK School of Nails – Keely Trott: An internationally recognized institution providing comprehensive nail technician training.
- Bermuda Sports Radar – Jekon Edness: An OTT sports media platform catering to local fans with live event coverage.
- Sade Milan Skin – Ashleigh Simons: A brand dedicated to natural skincare solutions aimed at promoting wellbeing.
Community Impact and Support
Darryl Herrick, Co-Head of Reinsurance at Global Atlantic, expressed enthusiasm for the partnership with BEDC, highlighting the significance of such initiatives in nurturing local entrepreneurship. "We are continually impressed by the caliber of participants in this competition. By supplying financial backing, we aim to empower local businesses that contribute to economic growth in Bermuda,” he remarked.
Erica Smith, Executive Director of BEDC, echoed these sentiments, emphasizing the ongoing need for partnerships that stimulate business growth and innovation.
Join the Excitement
The competition is set to take place with an audience encouraged to partake in this celebratory event. Not only will attendees witness the entrepreneurial spirit firsthand, but they will also have the opportunity to cast their votes for the People’s Choice Award, highlighting the importance of community engagement.
For those wishing to participate, registration details will be available to secure a spot at the competition, enabling a vibrant interaction between the contestants and the local community.
About BEDC
The Bermuda Economic Development Corporation stands as the leading provider of free, confidential business advice for local entrepreneurs. Its mission is to ensure the entrepreneurial community thrives with the highest caliber of support.
About Global Atlantic
Global Atlantic Financial Group is a significant player in the insurance sector, providing tailored life and retirement solutions. With a solid foundation influenced by teamwork and integrity, the organization remains committed to enhancing the financial futures of its clients. As a wholly-owned subsidiary of KKR (NYSE: KKR), Global Atlantic continues to optimize the services offered to cultivate deeper relationships with its clients.
Frequently Asked Questions
What is the Wave of Opportunity Pitch Competition?
The Wave of Opportunity Pitch Competition is an event that allows local entrepreneurs to present their business ideas for a chance to win grants.
How many finalists are competing?
There are eight finalists in total: five adult finalists and three youth finalists.
What prizes are available to the finalists?
Each winner has the chance to receive up to $25,000 in grant funding to support their business ventures.
Where is the competition taking place?
The competition will be held at the Hamilton Princess Hotel.
How can the public participate in the event?
The public is encouraged to register for the event to attend and vote for their favorite business in the People’s Choice Award.
