(441) 292-5570
48 Church Street, Hamilton Bermuda
48 Church Street, Hamilton Bermuda
292-5570

Cost

Free

Date

Nov 21 2024

Time

6:00 pm

Location

Hamilton Princess Hotel

Up to $0

in Startup Funding for 3 Local Industry Innovators

Up to $0

in Startup Funding for 1 Youth Entrepreneur (ages 16-25).

Up to $0

in Startup Funding for 1 People's Choice Business chosen by public vote.

People's Choice Award

One lucky pitch will win the People’s Choice Award. Your vote could help them secure up to $25,000 in funding. This is a life-changing amount for any small venture. Cast your vote! Voting for 2024 will open on November 21st after all finalists have pitched!

REGISTER

What is the Wave of Opportunity Pitch Competition?

The Bermuda Economic Development Corporation (BEDC) has entered into an annual multi-year partnership with the Global Atlantic Re foundation to provide BEDC Program participants with capital grants totalling $125,000 a year. These grants will now be issued every year and will help to fuel the growth and success of small businesses throughout Bermuda. The funds will be disbursed at a pitch competition to be held in November as a part of Global Entrepreneurship Week Bermuda.
 
Partnerships like the one BEDC has entered with the Global Atlantic Re foundation are critical to the success of BEDC and the small businesses it serves. This support will help to fuel the growth and success of small businesses throughout Bermuda, providing much-needed capital to help businesses expand, hire more employees, and contribute to the local economy. 
 
The pitch competition to be held will allow entrepreneurs to showcase their businesses and pitch their ideas to a panel of judges. The winners will receive capital grants from the Global Atlantic Re foundation, which will help them to take their businesses to the next level.  
 
The pitch competition will have the outcome of awarding five entrepreneurs up to $25,000 each, as follows:
  • 3 Local Industry Innovators: Three companies, regardless of industry, showcasing solutions with local and global impact. Entrepreneurs that have solutions that address education and mental health are encouraged to apply.
  • 1 Youth Entrepreneur: Targeting entrepreneurs aged 16 to 25, encouraging the next generation to present their groundbreaking ideas.
  • 1 People’s Choice: An audience-selected award, emphasizing community engagement and support.
The Global Atlantic Re foundation will award a total of five grants in the amount of up to $25,000 each to winners in the stated categories. 
 
Event Format & Support
The presentation format: five minutes to pitch, followed by a Q&A session with a panel of Judges, focusing on clarity and the potential business opportunity. Finalists will benefit from a Pitch Bootcamp, preparing them with key presentation skills and techniques
 
Requirement to Receive Funding
  • Successful grant recipients will need to have a business bank account to receive grant funds.
  • Must register as BEDC Member.
  • Must have completed OR be enrolled in a BEDC course, workshop, or program prior to receiving all tranches of funding.
This partnership and pitch competition is an exciting opportunity for entrepreneurs to showcase their ideas and get the funding they need to grow their businesses. BEDC and the Global Atlantic Re foundation encourage ALL entrepreneurs in Bermuda to apply for this opportunity and look forward to seeing the amazing ideas and businesses that emerge from this competition. 
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How Does it Work?

Approved applications will participate in preliminary rounds to help identify the top companies who will pitch for one of the $25K grants listed above.
 
Important Dates:
  • Applications Open: July 17th, 2024
  • Submission Deadline: August 18th, 2024
  • Preliminary Rounds: August 26th – 30th, 2024
  • Finalist Pitch Bootcamp: October 1st, 2024
  • Finalist Coaching Sessions: October 2nd – 31st, 2024
  • Pitch Competition: November 21st, 2024
2024 Submission Deadline: Sunday, August 18th, 2024

Am I Eligible?

Before Completing the application, please keep in mind that you must have the following to be eligible for consideration. 

 
  1. Be registered with the BEDC and have participated in a past BEDC program, OR be willing to participate in a relevant program as identified by the BEDC prior to receiving the final tranche of prize money.
  2. Must be a Bermuda based business.
  3. Must have an idea, minimum viable product or a business that has clear benefit to the Bermuda market.
  4. Must demonstrate demand for the product or service.
  5. Must clearly identify what the funds will be used for (business cannot have any political or religious affiliation).
  6. Must not be receiving any other grant funds from another private entity that exceeds $5,000.00.
  7. Apply online, with approved applications advancing through to preliminary rounds to identify top contenders for the grants.

Get Your Tickets to the Competition!

Registration Below to attend the Wave of Opportunity Pitch Competition on Thursday, November 21st, 2024.

Book Event

Wave of Opportunity Pitch Competition Admission
FREE
Available Tickets: 198
The "Wave of Opportunity Pitch Competition Admission" ticket is sold out. You can try another ticket or another date.

2023 Pitch Competition Winners:

2023 Competition Finalists: