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Ready, Set, Co-op!

Ready, Set, Co-op!

Ready, Set, Co-op!

Jan 29 2020 • Until March 11th

Create a Cooperative New Year! Ready for the BEDC Cooperative Pitch?

This year we’re excited to bring you a diverse range of cooperative (coop) business development opportunities, inclusive of an Introduction to Coops Power Workshop and a Coop Business Idea Pitch! Read on for more information!

What is the Cooperative Pitch?

It’s an amazing opportunity for 3-person teams who have a workable idea for a local coop business to compete to win business development support and cash prizes.  Short listed coop pitch teams will then be invited to pitch to our judge’s panel, all to take place with a live studio audience. BEDC is committed to helping winning teams get their coop ideas off the ground!

We have 3 Coop pitch team categories:

  • Millennial Makers – for teams 37 years and under
  • Sports Club Creators – All Sports Clubs
  • Bermuda Open – for any 3-person team meeting the below criteria

Not sure what a Cooperative is?

Not a problem! That’s where our Introduction to Cooperatives Power Workshop comes in! We want to make sure that those participating in the Coop Pitch fully understand the key business planning foundations of a coop, how a coop differs from a traditional Bermuda business, the benefits of starting a coop, community impact opportunities and of course the judge’s decision-making criteria so you can be best poised to win.

The mandatory Introduction to Cooperatives Power Workshops will be for held over the following 3 consecutive Wednesday evenings.

  • Wednesday, Feb 12th – 6pm to 8:30pm
  • Wednesday, Feb. 19th – 6pm to 8:30pm
  • Wednesday, Feb. 26th – 6pm to 8:30pm

All sessions will be held within our BEDC training room at Sofia House, Church Street.

Eligibility

Want to participate in the Cooperative Pitch? That’s great! Here’s what you need to know to enter:

  • The minimum age to enter is 16 years.
  • To participate you will need a team of at least three persons; coops are member-owned businesses with democratic control, so it’s all about the WE 😉 (not ME).
  • For the Sports Club category, you must be representing an existing member-owned football, cricket or sailing sports club.
  • At least one member must have participated in our Cooperative Power Workshop.
  • If your team members attended BEDC’s November 5th & 6th Coop Champions Workshop you do not have to participate in the Introduction to Cooperatives Power Workshop
  • At least 2/3rds of your team must be Bermudian.

What is the date of the Coop Pitch Final Competition?

The preliminary Pitches (1st round) for everyone will take place on Wednesday, March 4th at BEDC, 6pm to 9pm.

The Coop Pitch Finals will be held Wednesday, March 11th at a venue TBC.

What are the Prizes?

There will be three overall competition winners, including a 1st, 2nd and 3rd prize.

  • 1st Place: $5,000 Startup Cash + Services
  • 2nd Place: $3,000 Startup Cash + Services
  • 3rd Place: $1,000 Startup Cash + Services
  • Prize winner will also have the opportunity to take part in the BEDC Enterprise Bermuda Incubator Program, which includes the following services:
    • Complimentary access to BEDC’s educational courses and programmes;
    • Free office space with 24 hour access
    • Use of meeting and training facilities
    • An assigned Business Development Officer
    • Access to mentors
    • Access to pro-bono or subsidized services in areas such as marketing, accounting, legal support, and web development
    • International training/learning experience

Want to find out more? Attend our brief INFO Sessions!

BEDC Co-op Pitch Info Session

Want to get involved? Attend our info session to learn how! Join us for a brief overview of the BEDC Cooperative Pitch Competition and the upcoming Co-op Power Workshop.

BEDC’s Coop Developers will be present at both info sessions; bring your coop pitch team members to best understand our Inaugural Coop Pitch Competition and also learn about BEDC’s business development products and services.

Wednesday, January 29th BEDC Training Room

6pm – 7pm

Wine Down Wednesday Co-op Pitch Info Session

Mingle, ask questions, and get inspired! Network with the growing number of young people connecting through cooperative entrepreneurship in Bermuda.

Wednesday, February 5th Taste One Four One, Seon Building, Front Street

5pm – 9pm

Excited and want to Register for the Coop Pitch?

No problem! RSVP for the info sessions below or complete the registration form to enter your group into the Co-op Pitch! For more information, please give us a call at 292.5570 or email Jonathan Starling at jstarling@bedc.bm

What is a Cooperative? 

Co-operatives give people control over things that matter to them. There are nearly 7,000 independent co-operatives working across the economy. They contribute £37 billion to the British economy and are owned by 15 million people across the country.

The Cooperative Business Model — The Seven Cooperative Principles NRECA Business Model