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3FM Business Pitch in Partnership with 3FM, TKC AFRICA, TV3 and YALI West Africa

The Knowledge Channel (TKC) Africa has signed a partnership with 3FM and YALI West Africa to implement a unique business pitching segment that enables entrepreneurs and social enterprises to pitch their business in 1 minute with the hope of obtaining $10,000 in cash and kind (such as 12 months of business coaching, media engagement, website development and hosting and the opportunity to attending the sort after Young Africa Leaders Initiative (YALI).

WHAT IS THE 3FM BUSINESS PITCH ALL ABOUT?

It is a competition, which offers entrepreneurs 3 unique opportunities:

  • To showcase their businesses to Ghana, Africa and the world via our tv and radio and social partners 
  •  
  • Win cash investments and essential skills training for budding entrepreneurs 
  •  
  • Gain access to strategic partners and markets for their products and services

HOW DOES IT WORK?

  • It is called 1-minute pitch because all competitors get 1 minute to explain their respective businesses.
  • On our website and on the call, applicants will be provided guidelines on how to effectively structure a 1-minute pitch
  • All applicants dial a number and then pitch their business for 1-minute.
  • After the call, all applicants automatically receive via SMS/text a unique 4 digit code which is linked to their pitch and the voting number
  • Each code is unique to the entrepreneur that pitched using his/her mobile phone
  • Applicants can then share the code with their friends, family and the rest of the public, who can call a voting number to vote for a particular pitch
  • The winner is determined by the number of votes receives from the public and judges
  • Each season consist of 3 months (13 weeks) and there would be a winner at the end of each season
  • The first 6 weeks of the month would be for pitching only. The 3FM Business Pitch pitching line will close on Sunday 7th May 2017. At which stage the voting line will remain open for another 2 weeks before it closes on the Friday 26th May.
  • The judges will then use 2 -3 days to evaluatetop 20 pitches the public has voted for.
  • The top 20pitchers/entrepreneurs will be given a 3 day intensive training (from June 8-10) with our partners Innohub Limited and the top 3 pitchers / entrepreneurs will continue to attaining the ultimate prize of $10,000 in cash and kind 

  • The Voting lines will reopen on Wednesday 31st May for the Top 3 entrepreneurs for the next 5 weeks until the Grand final, which will live in the TV3 auditorium on Wednesday 28th June. 
  • There, the Top will get 5 minutes to pitch their business to real investors live in the studio (ie. Similar to Dragons Den or Shark Tank) in the effort of obtaining the ultimate prize of $10,000 in cash and market access.

WHAT ARE THE BENEFITS FOR WINNERS?

A break-downof the 3FM Business Pitch prize (ie. $10,000 USD) is as follows:
 $1,000 – cash 

$3,000 – Media relations (TV3/Radio) including developing, maintaining and hosting website for 12 months

$6,000 – 12 months business coaching with Orios Capital Group and the opportunity to enter into YALIWest Africa (ie. For eligible candidates – term and conditions apply – please visit www.yaliwestafrica.org)

WHEN DOES IT START?

  • We are starting on Wednesday 5th April 2017 at 8am LIVE on 3FM 92.7 (Listen online LIVE on www.tunein.com)
  • Dial (+233) 507 910 454 to submit your 1 minute business pitch (pitching lines close on Sunday 7th May 2017 at 11:59pm)
  • Join us every week on Wednesday with Winston Amoah, Host of the Sunrise show on 3FM 92.7 at 8am for the 3FM Business Pitch radio show

HOW DO WE VOTE?

  • Voting lines open on Wednesday 5th April 2017 at 8am and closes on Friday May 26th 2017 at 11:59am
  • Dial ((+233) 507 910 453) to vote for your 3FM Business Pitch. Please make sure you also have the 4 digit unique code before you dial the voting number to vote
  • You are welcome to vote as many times as possible and send your 4 digit unique code and voting number to your entire network and ask them to vote for you.

WHO SHOULD APPLY?

  • All entrepreneurs with viable start-ups or SMEs.
  • We strongly encourage all entrepreneurs especially young female entrepreneurs to use this opportunity to showcase their business talents
  • We also encourage entrepreneurs from all sectors to apply

WHO ARE THE PEOPLE BEHIND THE 3FM BUSINESS PITCH?


WHY THE 3FM BUSINESS PITCH?

  • We believe in the economic potential of Ghanaian entrepreneurs and those across the African continent
  • We believe in the entrepreneurial skills of Ghanaians, West Africans and entrepreneurs across the entire African continent
  • We believe that if businesses are supported financially, technically and with access to market, their chances of succeeding nationally, regionally and internationally will increase significantly

The 3FM Business Pitch is a way to translate our beliefs into action by providing an opportunity to all entrepreneurs with viable business ventures to grow.



Hannah Acquah, Managing Director, The Knowledge Channel

For more information contact Hannah Acquah


TkcAfrica@gmail.com

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