One of the key elements of an accelerator application or pitch competition is the elevator pitch. An elevator pitch is an introduction that lasts no more than 30 seconds. You will share your business and your purpose for seeking funding or mentorship. Mastering an elevator pitch is essential because it can sway or dissuade the judging panel.
Here are some tips for developing a strong elevator pitch:
- Grab the panel’s attention. Begin with a short but authentic story that will show your brand’s unique positioning.
- Share the problem and solution that your product or service will solve for your target audience.
- Identify your professional expertise. Share your team and their professional background as well.
- Explain the benefits associated with investing in your business.
- End with a call to action that will leave the panel ready to ask you more questions.
When sharing your 30-second pitch, always consider the power of your audience. Avoid jargon or industry-related terms, as they can make your pitch feel much less authentic.
In this week’s edition of Finurah Funding Friday, we share accelerators and challenges that will require your business to share its innovative ideas and present its concepts in a clear and accessible manner.
Microsoft for Startups Challenge
Startup veterans and industry experts have launched a global program to support companies focused on software-based products or services. The software developed will be an essential part of a business. The software must also be owned, not licensed. Accelerator winners will receive up to $150,000 in free Azure credits. Find out more here. Apply by May 25.
Bronze Valley Accelerator
Are you a venture-bankable startup? The Bronze Valley Accelerator supports startups — especially those in Alabama — with an accelerator that will position them for further innovation. Find out more. Apply by May 27.
Health Wildcatters Accelerator Program
Having access to prevention and early treatment programs is essential to fight diseases. The Health Wildcatters Accelerator positions businesses serving low-income communities — domestically and internationally — with the opportunity to enter an accelerator program and receive $30,000 in exchange for eight percent equity of a company. More information can be found here. Apply by May 31.
EmPOWERED to Serve Business Accelerator
The American Heart Association is partnering with The EmPOWERED to Serve Business Accelerator. The accelerator is searching for a diverse group of social entrepreneurs and organizations who are supporting revolution through health justice within their communities. This program is for social and health tech entrepreneurs, nonprofits and for-profits, making a considerable health impact. For more information, click here. Applications are due June 3.