ICYMI: Extrapreneur After Hours
Over the course of May, we have had the pleasure of hosting a series of after hours sessions, which have proven to be an extremely valuable opportunity for entrepreneurs and business owners to learn more about Extraco's Extrapreneur Annual Award Program! The attendees were fortunate to receive valuable advice and insights from past Extrapreneur winners regarding how to excel in the program. We are thrilled to have been able to facilitate such constructive and collaborative discussions, and look forward to this year's applicants!
Businesses should meet the following requirements prior to applying for Extrapreneur:
1. Business headquarters is in one of the following counties: Bell, Brazos, Coryell, Hamilton, McLennan, and Williamson
2. Must be a legal entity, for-profit, and not a franchise
3. Must have revenue of at least $50,000 but not to exceed $1 million in annual revenue
The Overall Winner is not eligible to apply for the next two program cycles, however, prior-year applicants and finalists are eligible to apply.
The Extrapreneur Award Program consists of three application phases:
First Phase - Video Pitch
Each team whose business meets the requirements will submit a video elevator pitch and answer a few questions using YouNoodle*. Each video must be in .mp4 format and be titled YourBusinessName_VideoPitch.mp4. Each business is limited to 300 words to answer the mission-focused question. The top 20 businesses will move on to phase two.
Second Phase – Business Plan Competition
Each team will submit a business executive summary and resumes of team members in one PDF format using YouNoodle. Title the PDF as YourBusinessName_BusinessPlan.pdf. The executive summary should include the business’ vision/mission, company and management, market opportunities, competitive advantage and financials. The top seven businesses that score the highest will move onto the final phase.
Final Phase – Pitch Competition
Each team will participate in a live pitch competition to a panel of Extraco executives. Each pitch has up to 15 minutes to pitch their business, followed by 10 minutes of Q&A led by the judges. Each team member must have a speaking part in the pitch and at last one person on the team has to have 20% equity position within the company.
Applications are now open!
The #2023Extrapreneur Award season has officially begun! The first round of applications is now open! Submit a video sharing more about your business and answer a few simple questions for the chance to move on to the next rounds and win up to $26,000.
Applications close on June 16th at 11:59 p.m. - Mark your calendars! 🗓️