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What our members have to say...
"Just a quick note to let you know that I really enjoyed the Speed Pitching event last night. There were a couple of interesting businesses on show, and the event was very well organised, high energy and fun. Congratulations on a great evening!"
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Paul Breen - Business Coach & Investor |
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DC venture capitalist launches million dollar idea competition
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Venture capitalist Michael C. Hill thinks our plummeting economy can be turned around and this July, he’s doing something about it. And it could make you the next Mark Zuckerberg or Steve Jobs.
Hill is a venture capitalist in Washington DC, and founder of a dozen businesses ranging from construction to medical services and technology.
On July 1, Hill’s Million Dollar Idea Competition opened for submissions.
Participants submit their best business plans or ideas, and one million dollars in seed money will be awarded to the best one. Runners up will receive thousands in grants to start or grow their own businesses.
“We are proactively seeking the “idea people” who do not yet have a business plan to shape their ideas into salable businesses, says Hill. “We are not only looking for the next Apple or Facebook. We are looking to help the next neighborhood retailer, carpenter, plumber, or accountant.”
The Million Dollar Idea Competition, which is funded by Hill’s company NLS Venture Capital, awards those with innovative business plans in addition to raising awareness about how small businesses create jobs. Hill emphasizes that he is hoping people without formal business education or prior experience will submit proposals because extraordinary ideas can come from ordinary people.
“It can be a loosely formed business idea, or a well-thought, highly detailed business plan,” Hill says in regards to what can be submitted. “I am expecting to see a wide range of submissions.”
It’s a win-win for all involved: the entrepreneur wins because he or she is now in the game. NLS Venture Capital wins because they now own another piece of success. The country wins because new businesses mean new jobs.
As the head of NLS Venture Capital, a firm focused on seed and early stage venture capital investment, Hill is determined to support small business ventures across the country in order to create more jobs and boost the economy.
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