Black Technology Hub Based in Miami Launches Founder Contest Offering Grand Prize of $1 Million
Revamped Article:
Hear this, folks! Miami's one and only Black Tech Hub, The Source, has dropped a gigantic announcement - a regional startup competition that could catapult the winner into a jaw-dropping $1 million investment. This tech haven was cooked up by music mogul Ted Lucas and venture capitalist Hilmon Sorey, a dynamic duo dedicated to fostering the dreams of underdog entrepreneurs.
The Source's primary focus is on homegrown hustlers who plan to keep their business in sunny South Florida, helping to retain talent in the area and cultivating a long-lasting tech eco-system, as dished by Miami Inno.
As Lucas said in a cheeky press release, "We're cookin' up more than a pitch event. We're buildin' a launchpad for Miami founders to strut their stuff on the world stage."
The Pitch Accelerator Regional Competition (SPARC South Florida)
Their latest brainchild? The Startup Pitch Accelerator Regional Competition, aka SPARC South Florida. This competition provides early-stage startup founders with the opportunity to wow a crowd of 50 venture capitalists and angel investors in July.
The cream of the crop will exhibit their innovation at a demo day and pitch event in August, where the big winner will be chosen to represent South Florida in the Startup World Cup in San Fran in October, battling it out for a $1 million cash prize and strategic support.
SPARC finalists will get to enjoy access to The Source's business incubator in downtown Miami, as well as strategic mentorship from local tech and entertainment VIPs who can help their startups shine bright.
Miami's booming tech scene
The Source is all about building wealth within local communities, such as Liberty City, Little Haiti, and Overtown.
In the spirit of capitalism, Sorey said, "We know we've got diverse people here with the brains and brawn to troubleshoot problems. If you're offering up solutions, there's cash to be grabbed."
Image: Snapped by Robert Diaz, Eyekon Media
- The Startup Pitch Accelerator Regional Competition (SPARC South Florida), initiated by The Source, invites early-stage startup founders to present their ideas to a crowd of 50 venture capitalists and angel investors in July.
- Finalists of SPARC South Florida will have the opportunity to showcase their innovation at a demo day and pitch event in August, with the winning startup representing South Florida in the Startup World Cup in San Francisco, competing for a $1 million cash prize and strategic support.
- In addition to the financial rewards, SPARC finalists will gain access to The Source's business incubator in downtown Miami and receive mentorship from local tech and entertainment VIPs, enhancing their startups' potential for success.
- By fostering entrepreneurship through initiatives like SPARC South Florida, The Source aims to boost Miami's booming tech scene and create wealth within local communities, such as Liberty City, Little Haiti, and Overtown.
