Privileged Clothing and Naked Skin Soaps emerged winner and runner-up respectively in the Scotiabank Vision Achiever LivePitch 2016 competition.
According to a Scotiabank press release, entrants were required to submit a 60-second video pitch for a new business or expansion of an existing business. The videos were posted to the Scotiabank Guyana Facebook page for public voting. The three videos with the most likes were automatic finalists while the judges were tasked with identifying two wildcard picks.
The next round of the competition required the finalists to use Scotiabank’s free online Plan Writer tool to prepare a business plan. They were then required to present their plan on national television for final judging, the release said.
According to the release, the winner will receive a $500,000 start-up business account while the runner up will receive $250,000.
The other finalists were Wonder Works, Recycle Guy and Rocke’t. All five finalists will receive business coaching from ActionCoach as part of the reward for making it to the final round, the release said.
The Scotiabank Vision Achiever LivePitch 2016 competition is a joint initiative between Scotiabank and the Georgetown Chamber of Commerce and Industry (GCCI). It is also one of the bank’s initiatives to celebrate Small Business Week which was run from September 19-23 this year. The judges were Valrie Grant, Managing Director of Geo-tech Vison; Lance Hinds, CEO of Brainstreet Group; Judy Joseph-Semple, CEO of CreditInfo Guyana; Gillian Griffith, Officer in Charge, Small Business Bureau; and Brian Hackette, Scotiabank Branch Manager.
