Aleutian Marketplace

The Aleutian Marketplace Fellowship Competition has been developed to improve the outcomes for small business development in the Aleutian-Pribilof region by taking advantage of established training and mentorship opportunities at statewide events that cater to innovators and entrepreneurs.  Special thanks to the sponsors of this project: GCI, Wells Fargo, TelAlaska, Aleut Corporation and APICDA. 

Phase 1 (October – November):

The competition officially kicks off at the Aleut Corporation Village Conference in Anchorage, Oct. 11, 2018. There are multiple ways to participate and residents are encouraged to engage in as many of the following activities as possible:

Fill out a short on-line form describing the business concept and be entered to win a $100 Amazon gift card. Due by Nov. 12, 2018. 

Or

Submit a two-minute video to explain a business concept and be entered to win a $100 Amazon gift card. Due by Nov. 26, 2018.

Attend two one-hour workshops via webinar (or in Anchorage) on selected topics and earn a $25 Amazon gift card for attendance.  The next workshop is scheduled for Tuesday, Nov. 6, 6 to 7 p.m.  The focus of the workshop will be the Canvas business model template that is required for submission by Dec. 7, 2018. RSVP attendance to marketplace@apicda.com. The second workshop will be held in mid-November. 

 

Phase 2 (Dec. 7 – Dec. 21):

Participants submit a condensed business model using the required template. An independent judging panel scores the models to determine the top three finalists. All participants receive a $50 Amazon gift card for a completed submission. Submission due date is Friday, December 7, 2018.

For more information about the template, please click here or contact marketplace@apicda.com or call Jake Carpenter at 907-586-0161. One entry per person. Former winners may not submit a concept that has already won.  Businesses may not sell or promote the use of tobacco, drugs, alcohol or firearms. Additional eligibility requirements listed below. 

 

Phase 3 (Jan. 2 Finalists Announced / February 2019 Event Attendance):

All three finalists will attend the Innovation Summit held in Juneau, February 20-21, 2019. Travel, registration, lodging and per diem will be provided. After the two-day summit, a third day will be dedicated to learning the art of the pitch and filming a final short video to explain their business concept to the judges. A template will be provided to guide each finalist. Judges will score videos to determine the final ranking of the finalists.

 

Phase 4 (March 1 – Finalists Ranking Announcement):

Grand Prize: $7,000 in seed money, three fully funded innovation conference trips, and $1,000 for attendance at each conference from the list below.
2nd Place: $5,000
3rd Place: $3,000

 

Phase 5 (March – Nov. 2019 Fellowship):

Attendance at North by North (Anchorage, April); Aleut Corporation Village Conference (Anchorage, October); and Anchorage Startup Weekend (November). Travel, registration, lodging and per diem for events will be provided in addition to $1,000 for each conference attended.   

 

Eligibility:

This is a regional competition; only permanent residents and former residents of the 12 TAC and APICDA communities are eligible to participate.

New businesses must be located in one or more of the 12 TAC and APICDA communities noted below.

ADAK, AKUTAN, ATKA,COLD BAY, KING COVE, NIKOLSKI, FALSE PASS, NELSON LAGOON, SAND POINT, ST GEORGE, ST PAUL and UNALASKA

The organizers reserve the right to use the following information about each business model to publicize the event: the names of all participants, the name of the businesses, a brief description of the business provided by the participant and any pictures taken at the competition.

Participation in this competition gives no guarantees, expressed or implied, to any potential future funding beyond the stated prizes. Participants agree that the organizers of the competition are not liable for any direct or indirect damages, including any loss of revenue that may or may not be related to business advice received in conjunction with the competition.

This competition does not constitute an offer to sell or solicit an offer to purchase securities. This competition is merely a forum for entrepreneurs to present their business ideas, and for entrepreneurial businesses to hone their business plan writing and presentation skills. Neither the Aleutian Pribilof Island Community Development Association (APICDA), the Aleut Corporation (TAC), the Aleutian Marketplace Competition, nor any other person or organization connected with the competition makes any representation as to the reliability of the information provided by contestants.


Questions:

Jake Carpenter
marketplace@apicda.com
907-586-0161

Ellen Krsnak
marketplace@apicda.com
907-929-5273