THUNDER BAY – Students from high schools across the city have been in competition. Enter the Den is a business plan competition that is presented annually by Thunder Bay Ventures.
Samantha Smith is one of the competitors, and finalists. She took the time to stop by the NetNewsLedger studio to share a little about her plan, and the competition.
Samantha’s idea is a delivery service for goods from the Thunder Bay Market.
Enter the Den is presented annually in Thunder Bay by Thunder Bay Ventures and a host of sponsors. High School students from across the city present their business plans to a panel of ‘Friendly Dragons’ in a competition.
Enter the Den is a business writing plan competition for Thunder Bay high school students inspired by the popular Canadian TV show, the Dragon’s Den. Enter the Den is a gentler version of the format with practical feedback to every participant.
The three cash prizes will go to students with good business ideas that have been well researched, well presented, and well defended. Both written and verbal presentations will be required and we would expect that the winners would follow the format of a business plan in developing their business idea.
This contest offers encouragement and support to all students along the way and a number of resources and supports will be available to assist students wishing to enter the contest, including tips on writing your business plan, loan and grant applications, and marketing do and don’ts.
Students do not have to start the business – the goal is to learn what is involved in starting a business and realizing that starting a business can be a career choice.
The Enter the Den competition will be carried live on NetNewsLedger.