Applications Now Open for ‘One in a Million’ Startup Competition

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Kauffman Foundation launches new competition for entrepreneurs who have presented at 1 Million Cups events around the country

Entrepreneurs who present at 1 Million Cups hone their presentation skills and gain helpful insights about their business model,said Wendy Guillies, Kauffman Foundation president and CEO.

Thousands of entrepreneurs have pitched their startup business ideas at 1 Million Cups programs held each week in 71 U.S. cities and Puerto Rico. The Kauffman Foundation today launched a pitch competition for those presenters to vie for the chance to be named “One in a Million” and win a first-place prize of $10,000.

1 Million Cups is a free, weekly program that educates, engages and connects local entrepreneurs. Every Wednesday morning, entrepreneurs present their startup business idea in detail and answer questions from the audience.

“Entrepreneurs who present at 1 Million Cups hone their presentation skills and gain helpful insights about their business model,” said Wendy Guillies, Kauffman Foundation president and CEO. “The One in a Million competition will offer personalized mentoring from experts and brings the excitement of competition to a national stage – all to showcase what educational support can do for an entrepreneur.”

Online applicants will be evaluated on their businesses’ marketability; long-term potential; the makeup of their startup team; and their ability to convincingly communicate the components of their businesses in a few minutes. Fifteen semifinalists will be selected to compete in person at the Kauffman Foundation in Kansas City, Mo., on Nov. 17 and 18, during Global Entrepreneurship Week. The second- and third-place winners will receive $5,000 and $1,000, respectively.

The One in a Million competition is open to any of the more than 5,000 entrepreneurs who have presented at 1 Million Cups. In addition, their companies must be less than five years old with a scalable business model.

The application deadline is August 7. More information is available at http://www.kauffman.org/1NAM.

About the Kauffman Foundation
The Ewing Marion Kauffman Foundation is a private, nonpartisan foundation that aims to foster economic independence by advancing educational achievement and entrepreneurial success. Founded by late entrepreneur and philanthropist Ewing Marion Kauffman, the Foundation is based in Kansas City, Mo., and has approximately $2 billion in assets. For more information, visit http://www.kauffman.org, and follow the Foundation on http://www.twitter.com/kauffmanfdn and http://www.facebook.com/kauffmanfdn.

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