Event will help entrepreneurs in Durham
An initiative is being organized to let entrepreneurs know that Durham is a place to do it.
Do it in Durham is being held to celebrate Global Entrepreneurship Week, which is observed in 130 countries during the third week of November, and to promote entrepreneurship among young people. DIID runs from Nov. 18 to 21.
Sarah Peel, the public relations specialist for the Spark Centre, said the initiative is “very focused on students, young or early businesses.”
The Spark Centre and the Business Advisory Centre Durham are sponsoring the event, which includes three contests with cash prizes, a CEO forum, help with preparing a business case and a celebration gala.
“The whole idea is to gather the community of entrepreneurs in Durham,” Ms. Peel said, noting there are many successful entrepreneurs in the area.
Both UOIT and Durham College “are actually teaching it as a career path. Young people might say ‘this is a career I want. I want to be my own boss,’” she added.
Another incentive to starting a business is the current lack of hiring by existing businesses, she pointed out. “It’s not easy, but more and more are thinking about it.”
Some are thinking “Hey, I have this idea. Why not turn it into something,” she said.
DIID also provides entrepreneurs the chance to win cash and ‘in-kind services’.
With The Money Chase, contestants put together a Power Point presentation about the business and how the money will be used. The prize totals $5,000, with $2,500 in cash and $2,500 of professional in-kind services donated by local businesses.
The Find it in Durham Scavenger Hunt gives participants the chance to learn about some of the resources for entrepreneurs in Durham, and it includes a $1,000 cash prize.
The Start-Up Business Case will help participants key in on customers and markets. There’s a total of $1,000 in prizes, including $500 to the winner, $300 for second place and $100 for third and fourth.
There are also workshops, the CEO forum and the wrap-up gala.
Ms. Peel said there’s a lot of help for a new entrepreneur in Durham.
“We’ve got it all. We promote ‘you can do it in Durham.’ They don’t have to go into Toronto or to the States or Silicon Valley,” she noted.
“Small businesses are always coming to us and saying they need money to take it to the next level.”
- When: November 6:00pm – 9:30pm, 8:00am-11:00am
- Start: 20 November 2013
- End: 21 November 2013