For the second semester, CSUDH’s Entrepreneurial Institute will hold its popular competition next month.
By Alex Delanoy
CSUDH Bulleting Online Staff Writer
After a successful debut that drew nearly 200 attendees last semester, Toro Tank will return next month. But before it does, the sponsoring Entrepreneurial Institute has a two workshops planned to help contestants get ready for the competition.
Toro Tank is much like the ABC television show “Shark Tank,” where anyone from outside companies, students and faculty old and new are invited to compete by auditioning and pitching their business idea to a panel of judges.
Participants must first attend two Pitch Boot Camps 1 to 3:30 p.m. March 11 and 18 in SBS F117. There they will give their pitches of their business or idea and a group of various entrepreneurs and teachers will be there to train and coach people on the things they would need to work on to qualify for the event.
After attending both boot camps and an audition, Executive Director of the Entrepreneurial Institute Mike Grimshaw announce which participants will be competing in the competition April 15. The time and location has not yet been determined.
Grimshaw said he will chose 10 competitors for Toro Tank.
“Last year people came into these boot camps thinking they got the best idea ever and they do, or we help them realize that it really wasn’t as good of an idea as they thought,” said Grimshaw.
Last semester’s judges included the CEO of a company, an angel investor, a banker and also the ASI president at the time. The winner of the competition, cabinetmaker South Bay Furniture, won fist place and $500. Second place took $300 and third place won $200. First place also received access to several business resources.
“The goal of this event is to allow the creative and competitive entrepreneurial DNA juices at this campus get out in the world and compete with real things on the line,” said Grimshaw.
For more information on the event or how to get involved, visit csudhei.org or contact Mike Grimshaw at [email protected]