Competition THRIVE Finalists Announced
Congratulations to the five finalists of Competition THRIVE, a business plan competition to support immigrant entrepreneurs in...
As part of New York City's efforts to support growth and job creation in immigrant communities, Competition THRIVE seeks to develop innovative strategies and programs that help immigrant entrepreneurs succeed in business.
NYCEDC, in consultation with the Deutsche Bank Americas Foundation and the Garfield Foundation, has partnered with the Lawrence N. Field Center for Entrepreneurship at Baruch College to operate Competition THRIVE. The competition is designed to address the challenges faced by the City’s immigrant entrepreneurs, which commonly include access to credit, financial management, language barriers, and access to business networks.
Five finalists have been selected from more than 40 entries. Finalists include:
The judges selected the five finalists to develop their proposals. Each of the five finalists will be awarded seed funding of $25,000 to pilot their program for six months and create a business plan. After the six month pilot period, one grand prize winner will be selected to receive funding of $100,000 and promotional services to further scale their program.
Round I: $25,000 awarded to five semi-finalists to pilot their program and create a business plan
Round II: $100,000 to one grand prize winner plus promotional services to further scale their program