Venture Okanagan’s Investors Forum takes place at Okanagan College’s Kelowna campus Nov. 7.

Venture Okanagan’s Investors Forum takes place at Okanagan College’s Kelowna campus Nov. 7.

Investors compete for $5,000 at forum

Venture Okanagan’s Investors Forum at Okanagan College takes place Nov. 7

The next round of Venture Okanagan’s Investors Forum at Okanagan College will offer a huge incentive for local entrepreneurs with big ideas – a $5,000 cash prize.

The event, which takes place Nov. 7 at the college’s Kelowna campus, offers six entrepreneurs the opportunity to maximize a 10-minute pitch to a panel of accredited investors and guests. This year the stakes are even higher thanks to the inclusion of a new cash prize from title sponsor Grant Thornton.

“We recognize the importance of the availability of capital for growing businesses in our community,” said Andrew Malashewsky, with Grant Thornton.

The forum will be the fifth of its kind put on by Venture Okanagan, which is now in its third year of operations under the umbrella of Okanagan College’s Students in Free Enterprise (SIFE).

“The quality of the deals presented really speak for the program,” said Steve Watson, chairperson of Venture Okanagan and a business professor at Okanagan College.

“Entrepreneurs who present at Venture Okanagan either gain a mentor or acquire equity financing to grow their business. After the pitches entrepreneurs, investors, and guests can connect at the catered networking reception.”

The entrepreneurs pitching on Nov. 7 have all made it through a screening round and include: an engineering invention that protects waterways from toxic chemicals, a health technology business that is specializing in lower back pain management and a transportation security software business.

The event is open to the public from 5:30 to 9 p.m. at the college’s Centre for Learning. Anyone interested in attending can pre-register online at ventureokanagannov2012.eventbrite.ca.