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9) The business must have annual revenues of less than $1 million as demonstrated by tax <br />returns or other means acceptable to the EDIC <br /> <br />Entrants/owners will affirm: <br />1) They have necessary licenses, rights, consents, and permissions to reproduce, distribute <br />and publicly perform all works of authorship or content contained in their application and <br />their pitch <br />2) At the time of entry through the end of the contest, none of the entrant’s materials <br />contravenes any contractual, legal, or other obligations <br />3) At the time of the entry through the end of the contest, none of the entry materials infringe <br />on the intellectual property or privacy rights of any third party <br />4) Use of entrant’s entry materials will not infringe any copyrights, rights of publicity, or any <br />other rights of any person <br />5) Entrant’s entry materials are truthful and accurate; entrants have complied with all <br />relevant laws, rules, and regulations in the preparation and submission thereof. <br />6) Contestants will allow the EDIC to use their logo and name as part of the contest and to <br />promote the contest. <br /> <br />Timeline: <br /> 12/31/2024 – 2/1/2025 Application submissions <br /> 2/1/2025 – 2/28/2025 – Applications are reviewed; those who make the next step are <br />invited to record their pitch at Mashpee TV. Judges would include business <br />representatives from the community. <br /> March 2025-Winners will be announced at the Chamber dinner. <br /> <br />After submission, the EDIC will review submitted entries that meet eligibility requirements <br />and evaluate them based on the following: <br />1) Answers questions completely and thoughtfully (rated 1-10) <br />2) Discusses how the business will use the money (rated 1-10) <br />3) Understanding of marketing and competitive advantages (rated 1-10) <br />4) Ideas are well-articulated and realistic (rated 1-10) <br /> <br />Those entrants with the highest ratings will be invited to record their pitch at Mashpee TV. <br /> <br />Prizes: <br /> First prize: $1,500 <br /> Second prize: $1,000 <br /> Third prize: $500 <br /> <br />Next Meeting: October 29, 2024 <br /> <br />Meeting adjourned at 7:00 PM. <br /> <br />Respectfully submitted by Pamela McCarthy <br /> <br />