March 29, 2024

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50 businesses contend for $200,000 at Flywheel Financial commitment Meeting | Enterprise

2 min read

WENATCHEE — Additional than 50 businesses from throughout the condition are competing for a now $200,000 financial commitment fund as part of the 2021 Flywheel Expense Meeting Could 20 in Wenatchee.

The Flywheel Angel Network, which funds the investment decision supplying that goes to the profitable organization, has amplified the award to $200,000 this 12 months, in accordance to a press launch from GWATA, the nonprofit that organizes the once-a-year party. The major prize past calendar year was $150,000 and was $100,000 in 2019.

The Flywheel Meeting is built to carry collectively business owners, traders and neighborhood members to cultivate momentum for expanding corporations. It is arranged by NCW Tech Alliance (formally named GWATA) and hosted in partnership with the Flywheel Angel Community, a group of angel buyers passionate about supporting economic growth in North Central Washington.

In addition to the $200,000 investment decision award for the chosen winner, one finalist will also be voted as audience favourite and awarded a $5,000 funds prize. A separate $50,000 relocation prize will also be presented to the 1st spot winner if they relocate their firm to both Chelan or Douglas counties. Should the profitable business now be regionally based mostly, or drop to relocate, the relocation give will be extended to the runner up.

The buyers are currently in the process of deciding upon the leading 6 finalists to contend live for the investment award all through the Flywheel Conference on May well 20, which will be a hybrid occasion, with in-man or woman attendance confined to speakers, presenters and investors thanks to COVID constraints. The Flywheel Conference will be streamed on the net allowing for public attendance from anyplace in the globe. On-line tickets will be readily available for acquire beginning April 15.

Earlier winners involve: Cartogram, 2018 Beta Hatch, 2019 and Agtools, 2020.

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