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Local entrepreneurs could win $100K investment from former AOL head
A local business leader praised the local stop, calling it "an incredible success for York" and its resurgence.
Locals with bright ideas and solid business plans might score a $100,000 investment from former AOL Chairman and CEO Steve Case when he comes to York and surrounding counties later this year.
Case will be stopping in York, Harrisburg and Lancaster on Oct. 10 as part of the Rise of the Rest bus tour, according to a news release.
The tour is a nationwide effort to find businesses and ideas outside of main innovation hubs in major cities.
“We are thrilled to hit the road once again to find the companies driving innovation and creating jobs across the country,” said Case in a news release.
The travelling competition is in its sixth year, but this is the first time it has made its way to central Pennsylvania.
During the five-day tour, Case will be joined by JD Vance, who is a partner at Revolution, the investment firm behind Rise of the Rest, and the author of the best-selling book "Hillbilly Elegy: A Memoir of a Family and Culture in Crisis."
The competition will begin the tour in south-central Pennsylvania, then make its way to Michigan, Indiana, Ohio and Wisconsin to meet with entrepreneurs, investors and local leaders.
A $100,000 opportunity: Any local entrepreneur can submit an application to be considered for the $100,000 investment. It must be a live product or be in active testing (beta) phase, according to the competition's website.
The product must have measurable performance indicators, such as revenue and customer counts, and be in — or planned to be in — a funding stage.
In addition, the company must be headquartered within 75 miles of York, Harrisburg or Lancaster.
Kevin Schreiber, president and CEO of the York County Economic Alliance, praised the upcoming visit, calling it “an incredible success for York.”
He added he had no doubt that the competition will “galvanize our community to resurrect and develop a York Plan 2.0,” noting York’s contributions to arms manufacturing in World War II.
“We can lead by doing once again in technology, advanced robotics and manufacturing,” Schreiber said.
For full details and to apply, visit www.riseofrest.com. The deadline for the local competition is Aug. 15.
In anticipation of the event, Rise of the Rest regional partner Ben Franklin Technology Partners will deliver a free workshop webinar on July 20 for interested entrepreneurs with a great idea on how to pitch their product to investors.
To register for the live event, email Jill Edwards at email@example.com.