Modelled after CBC’s “The Dragons’ Den”, where qualifying entrepreneurs pitch their business idea to a group of potential investors, CFDC of Greater Trail has created Junior Dragons’ Den, a West Kootenay wide initiative and call to action for youth entrepreneurs age – 13-17, to create their own company. How it works - Students are required to submit a business concept paper for their business ide
a (standard outline provided), and a brief 1.5-2 minute video elevator pitch, explaining their business idea and why they should be chosen to compete in Junior Dragons’ Den. Video submissions from each category will be profiled online at www.juniordragonsden.ca where people will be able to vote for their favorite pitch over a 5 week period. Business models can be in the form of a sole proprietorship, partnership or corporation and judging will be based upon a weighting of 40% of the online votes received for each pitch, and 60% of the merits of the business concept paper submitted. The top 5 Junior Dragon companies from each category will advance to the competition. Each will be assigned a mentor from the local business community that will work with the company on everything from start-up considerations and marketing, to coaching, leadership & presentation skills. The top five
The top five applicants from each category will then work on refining their business concept into a formal business plan (outline and template to be provided), as well as create and submit an updated Video elevator pitch for their business. The live Show
The competition culminates with the top 5 from each category pitching their business ideas Friday June 6th, in a live show format at Charles Bailey Theatre in Trail, BC to a panel of local West Kootenay Dragons’!
