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Crab Pot Pitch Contest Offers Cash Prizes to Aspiring Entrepreneurs

Published: 30 Mar 2017

PaxSpace, Inc. (www.paxspace.org) and the Southern Maryland Innovation and Technology (SMIT) Initiative (https://www.meetup.com/Southern-Maryland-Innovation-and-Tech/) are hosting the 3rd annual Crab Pot Business Pitch Competition. Crab Pot is a pitch contest for individuals living or working in Southern Maryland or businesses that have a presence in Southern Maryland. Made popular by television shows like ABC’s “Shark Tank,” pitch contests provide an opportunity for aspiring entrepreneurs to present their ideas to a panel of judges or investors while in front of a live audience.

The competition kicks off with a Speed Round to be held on April 13 starting at 6:00 p.m. at Elements and Mixology, 46540 Three Notch Road, Lexington Park, MD. Contestants will have 90 seconds to present their innovative idea or product. Audience members will select five finalists. The finalists will compete at the Crab Pot Business Pitch Competition on May 11 starting at 6:00 p.m. at the Patuxent River Naval Air Museum, 22156 Three Notch Road, Lexington Park. There is no cost to enter the contest but advanced registration and participation in the Speed Round are required. Winners of the competition receive cash prizes, business consulting services and of course, a bushel of crabs! Visit www.paxspace.org/crabpot to learn more.

Crab Pot creates a wonderful opportunity for the community to recognize and celebrate the region’s growing entrepreneurial ecosystem. Past contestants have pitched 3-D printed prosthetics, commercialization of U.S. Navy technologies, new mobile apps, and many other innovative ideas. Both the Crab Pot Speed Round and Competition are open to the public and free of charge. Registration to watch the Speed Round or the Competition is requested at SMIT Meetup, but not required. Or, register to pitch your idea at www.paxspace.org/crabpot.

The Calvert, Charles and St. Mary’s Counties Departments of Economic Development, ETC’s Techfire Incubator, Maryland Technology Economic Development Corporation, and the Technology Transfer Offices of both the Naval Air Station Patuxent River and Naval Surface Warfare Center - Indian Head and other sponsors have made Crab Pot possible. PaxSpace is a nonprofit 501(c)(3) makerspace located in Hollywood, MD. PaxSpace provides training and resources for community members to collaborate and create innovative projects. SMIT is a regional initiative designed to ignite and fuel technology entrepreneurship by fostering an inclusive and collaborative ecosystem in Southern Maryland.

For more information visit www.crabpot.org/crabpot or email crabpot@paxspace.org


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