Do you have a cool business idea? Do you already have an existing business? What if you could win money towards a one year lease for a storefront right in Downtown Timmins plus additional prizes?!
Win This Space Downtown Timmins is a business recruitment initiative aimed at inspiring local entrepreneurs to start, open, or substantially expand** their business. Win This Space incorporates a business pitch competition alongside mentoring, business training, and networking opportunities. The Grand Prize each participant is competing for is a rent-free storefront location for one year, along with additional prizes. A Dragon’s Den style event will conclude the competition in which we invite everyone to come celebrate this exciting opportunity.
The inaugural Win This Space competition will be open for registration in January of 2022 and the Grand Finale is scheduled for June 3rd, 2022.
How It Works:
Residents of the City of Timmins over the age of 19 can submit their business ideas and a panel of judges will select up to 20 semi-finalists to proceed to the next round of the competition. These 20 semi-finalists will participate in free business development workshops, including business plan writing and financial management training. Semi-finalists will also learn how to pitch their business. The semi-finalists will develop and submit their business plans, and the Judges will select 5 finalists to advance to the Dragon's Den styled Pitch Night. At the Grand Finale, the Grand Prize Winner will be announced winning one year of free leased space in downtown Timmins, and additional prizes. The Grand Prize winner will be able to choose their location from the list of participating spaces.
Please note that attendance is mandatory for all business workshops to be eligible for continued participation in Win This Space Downtown Timmins. Locations are TBA and are dependent on the COVID-19 pandemic.
The contest is open to all legal residents of the City of Timmins, who are 18 years of age or older, and residing in the Province of ONTARIO at the time of submitting an entry to the "WIN THIS SPACE" competition.
Proposed businesses can be independently owned (sole proprietorship) or owned by 2 people (partnership), however no franchises will be considered. If the applicant is a current local business owner, application must be with the intent to introduce, open and operate a concept, which will offer a new element not promoted in the existing location, or expand upon and highlight an element that would be removed from the existing location.** All judges decisions are final. Applicants must be willing to commit to signing a minimum 1-year lease from one of the participating spaces, which are available for lease as at the end of the competition. Applicants must have submitted an entry into the competition by March 25th, 2022 at 5:00pm EST to have their business idea considered as part of the competition. The judging panel will select up to 20 semi-finalists to advance to the next phase of the competition and they all MUST complete a series of 3 FREE Business Development Workshops presented by BEC (Business Enterprise Centre) to advance to the next phase of the competition.