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Chamber EDC pitches local "business boot camp" and prize funding; committee asks for formal proposal
Summary
Chamber EDC proposed a 12–16 week business boot camp for startups and discussed offering prize funding similar to Mandan’s pitch challenge; committee members expressed support but asked for a formal proposal on structure, funding and loan stipulations at the September meeting.
BISMARCK — The Chamber EDC presented a proposal Aug. 28 to establish a local "business boot camp" for companies in their first two years, and asked the Vision Fund Committee whether it would consider providing prize funding for either boot-camp graduates or participants in a local pitch challenge.
Nathan, the Chamber EDC representative, said the boot camp is designed to fill a gap between very early startup help and programs for more established businesses. He described it as modeled on the Goldman Sachs 10,000 Small Businesses curriculum and aimed at small cohorts to promote peer learning and…
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