$1m pitch competition targets budding entrepreneurs under 30
A pitch competition opens today aimed at budding entrepreneurs under 30.
The First Cut Startup Challenge, backed by Icehouse Ventures' $5 million First Cut fund, is looking for at least 10 finalists, who will appear at its Icehouse Ventures Showcase Event at Spark Arena on August 26.
Each will be in the running to receive backing of up to $1m, says recent Icehouse recruit Steph Benseman - one of four young entrepreneurs who are running First Cut. Other funds under the Icehouse umbrella can also chip in funds if more than $5m needs to be doled out. Finalists also get coaching and mentorship.
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