Pythons’ Pit provides an avenue for creative, entrepreneurial residents and students of Halton Region to pitch their business concepts and product ideas in front of a live audience and a panel of real business moguls from the community. Open Category applicants can win up to $150,000 in start-up capital and a package of in-kind professional services to help launch the business.
The goal of Pythons’ Pit is to foster innovation, creativity and an entrepreneurial spirit in Halton Region by:
- Offering an opportunity for Halton entrepreneurs to secure investment capital and business advice from business professionals
- Providing an opportunity for high school students to further develop their business planning skills
- Raising funds to support Camp Enterprise
Providing a bursary for a student(s) to attend McMaster University
There are two categories of entries:
- High school students
- Open to all
Each contestant submits the application which is then evaluated by the MBA program members under faculty guidance at the DeGroote School of Business at McMaster University. All contestants will be provided with feedback on their business plan; the top ten applicants in each category will be invited to the ‘Pythons' Pit’ where they pitch their idea to six Pythons. The Pythons are Halton region business moguls who are ready to invest their own hard earned money in return for an equity stake in your business. Having a Python in your corner also means that you receive valuable business advice and guidance.
Applications will be available for download from the website on September 1, 2012. Application summarys close December 1, 2012 at 11:59pm. Full Applications must be submitted by January 7, 2013. Finalists will be notified February 2013. Pythons' Pit will take place on Saturday, March 23, 2013 at the Ron Joyce Centre in Burlington, Ontario.