Over the past week, the North Bay & District Chamber of Commerce participated in two events that should change, how we look at new business start ups and young entrepreneurs. These are two area’s which need our attention and support.
The Northern Ontario Angel’s network hosted two businesses from North Bay and one based out of Sudbury, in a pitch competition event where the principals show cased their companies to the public and a panel of judges. The event was similar to the popular TV show “Dragon’s Den” where companies compete for investment to bring their companies to the next stage of development. The event in North Bay was designed to show both start up and mature companies, what they need to do if they are to be successful in attracting investment.
All three companies that were showcased, provided very professional presentations that were factual, realistic and brief. The principals of the companies provided sufficient information as to the phase of their companies, and the level at which they were moving to. Each one of them provided clear and concise information, together with a focused direction where they wished their companies to go. Although this was a “dress rehearsal” for funding requests from private investors, it provided a tremendous learning opportunity for any company seeking financing from any outside source.
Congratulations to North Bay’s own Mike Campigotto and team from SafeSight Exploration Inc. who successfully pitched their start up company and provided a great presentation to the public. Metricaid, of North Bay and Sudbury based Rna Diagnostics Inc. also provided excellent presentations and there is no doubt, it was difficult to choose a successful pitch.
The second event last week, took place at Canadore College/Nipissing University called “Ignite North Bay”. The premise of the event was to bridge the gap between students at both institutions with local entrepreneurs and inspire them to look at the opportunities of taking an idea and creating from that idea, a business. The support from many local sponsors and mentors provided an insight into what budding entrepreneurs can expect. Jennifer Twigg from Twiggs Coffee Roasters shared her and her families story, from original concept to present day. She provided great insight for all the participants as to how to follow their dreams and make them a reality.
Great work by the organizer’s of both events and their underlying belief, that they can and will succeed. If North Bay is to prosper in the future, this type of leadership and encouragement, is invaluable for future generations.
Peter Chirico is the President and CEO of The North Bay & District Chamber of Commerce.