Startup Lakewood is looking for new businesses and the organization is willing to help entrepreneurs take their ideas to fruition. The second annual Ideation Challenge showcases the new ideas and new business startups that will add to the diversity of the Lakewood business community. 

“We think there are all sorts of people right here in Lakewood who have ideas for businesses but haven’t taken the steps to launch them,” says Mike Belsito, Lakewood’s entrepreneur-in-residence and director of the Ideation Challenge. “New businesses are important to the city, and this is one way to help people actually get started.”

Anyone with a business idea can submit an executive summary and a one- to two-minute elevator pitch for a chance to win a prize package that includes consulting, training and other resources for starting a new business. “The prizes will help the entrepreneurs take the next steps and take their ideas into reality,” says Belsito.

Two winners will be chosen -- one from Lakewood and one from Northeast Ohio. All entrants will receive feedback from Startup Lakewood. The competition is open to anybody, with the hope that the winners will start their businesses in Lakewood.

The deadline to submit executive summaries was recently extended to August 14. Startup Lakewood will then invite finalists by August 17 to make their elevator pitches on August 28 at University of Akron’s Lakewood Campus.

Source: Mike Belsito
Writer: Karin Connelly