Winners of the Start Something Challenge Announced
Three New Jersey entrepreneurs won a total of $22,500 in prizes at the Grand Finale of the Start Something Challenge Business Pitch Competition in Jersey City. The event was part of Rising Tide Capital’s sixth annual celebration of Global Entrepreneurship Week, which was kicked off last Wednesday at the Jersey City Local Living Economy Summit.
Coretta Owusu, who is based in Irvington, NJ took first prize, winning $10,000 for her business, aSuiteStay—an accommodation booking site that gives travelers access to different property types and services in Africa. In second place was West Orange native Nicole Silva, who won $7,500 for her business DollyMoo, a skincare company that offers hand-blended products. Jersey City resident Elizabeth Migliore took home the third place prize of $5,000 for her business Jersey City Veggie Burgers which creates wholesome, locally-sourced, hand-crafted veggie burgers.
The Honorable Mayor of Jersey City, Steven Fulop welcomed all of the 10 finalist entrepreneurs to Jersey City, and presented them with a proclamation to mark the occasion.
“The Start Something Challenge takes people’s natural inspiration, and helps them create a structure to support it. It is really difficult to take something from scratch and turn it into a viable business. As an entrepreneur, you need knowledge, social, and, ultimately, financial capital to turn your idea into a successful business. Pitching in front of a large audience challenged all ten finalists to demonstrate their knowledge, build social capital and have an opportunity to gain financing. What better way to celebrate Global Entrepreneurship Week than to support committed entrepreneurs who want to start something!” said Alfa Demmellash, CEO and co-founder of Rising Tide Capital.