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Applications are open until February 6th for the chance to receive an investment of $15,000
January 17, 2023 – Hornets Sports & Entertainment (HSE) today announced that it is now accepting applications for the 3rd Annual Hornets Innovation Summit. Bank of America will be his partner in presenting this program in 2021, which he launched in association with HSE’s Social Justice platform, for the second year in a row. At least 51% operated and managed by members of a minority group (i.e., individuals who are at least 25% Asian, Black, Hispanic, or Native American), located within 150 miles of the Spectrum Center, and 1 applicant from the Charlotte Hornets, a company receiving $15,000 in investment.
Applications are available now at hornets.com/innovation-summit and the deadline is Monday, February 6th. Applicants selected to advance to Round 2 will have a one-minute pitch video posted on hornets.com and fan-facing social media outlets. vote. Determined through a combination of fan voting and an internal selection panel, finalists will present their businesses and products live to a panel of experts at the Spectrum Center in March. New this year, finalists will be paired with Bank of America mentors to provide guidance and support prior to the live final pitch event.
Fred Whitfield, president and vice chairman of Hornets Sports & Entertainment, said: “The Innovation Summit has become one of our favorite initiatives. We are looking forward to seeing this year’s pitches and meeting some of the amazing people doing great work in our community. Over the past two years. Building on the success of , and thanks to our friends at Bank of America and Lonely Entrepreneur, we are especially proud that all applicants will now receive free, upgraded business resources.”
Keith Cockrell, president of Bank of America Charlotte, said, “We are honored to once again partner with the Charlotte Hornets, who are equally committed to improving the economic progress of minority small business owners.” Supporting businesses continues to be one of the key areas of focus in our efforts to promote racial equality and economic opportunity. We are aligned with that goal as we work to open doors by providing access to business resources and community leaders from
As part of the Hornets Innovation Summit, HSE once again partners with The Lonely Entrepreneur. The Lonely Entrepreneur is a national non-profit organization that provides current and aspiring entrepreneurs with the knowledge, tools, and support to grow their businesses. Each applicant gets one year of free access to the Lonely Entrepreneur Learning Community. Also new this year, applicants will receive an electronic toolkit with essential tips for entrepreneurs. Those who advance to the final round will also receive mentorship, coaching and educational opportunities from senior leaders at Bank of America and the Hornets.
Jurse, a product of two past Hornets Innovation Summit winners, Brandi Long, and Hay Trabajo, a bilingual job platform from Elizabeth Escobar, are welcome successes. In 2021, Long sees her Jurse, a convenience product that transitions from a jacket to a purse and vice versa in 30 seconds, see her sales increase by 88% and website visits by more than 150,000% of hers. experienced an increase. , after winning the first event. Last year, Hay Trabajo saw her 41% increase in subscribers to its platform and partnerships with more than a dozen new companies and nonprofits to help find and hire Spanish-speaking and bilingual talent. supported.
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