The goal of Venture Sharks is to support early-stage companies and/or entrepreneurs. Here are the criteria for competitors:
The competition is open to businesses or entrepreneurs from any industry in Kentucky, Indiana, Ohio and Tennessee, but presentations for the preliminary and final rounds of competition must be made in person, in Louisville, KY.
A dedicated LLC or corporation need not have been created, but the idea and business being pitched must not be a direct spinout from a larger parent company. (We expect the parent company to fund this, not Venture Sharks.)
Criteria: The business cannot have raised, or had invested in it, more than $50,000 in equity-based funding. Grant funding is excluded from this amount.