Q. What are the eligibility requirements?
A. All Lake County residents who are 18 years or older who have an idea for a start-up business or who own an established small Lake County business are eligible to apply.
Q. Are there any restrictions I should be aware of?
A. Due to the Federal cannabis laws, we are not accepting cannabis-related business ideas.
Q. Does the business have to be a storefront in Lake County?
A. Not necessarily. The owner must be a resident doing business in the County either online or in a storefront.
Q. Is there an application fee or charge to participate?
A. No. You are, however, required to attend the 1-day training & follow-up competitions.
Q. How do I apply for the Hand Up Lake County opportunity?
A. Online applications are only accepted. Fillable applications are on the website at www.1team1dream.net
Q. When can I apply?
A. From March 1 – June 30, 2022. No late applications will be accepted.
Q. What is the process of the competition?
A. There are 4 phases of the competition:
In Phase 1, applications received by the deadline will be reviewed. Twelve (12) applicants plus up to two (2) alternates will be selected to go on to Phase 2.
Phase 2 is a mandatory 1-day training. All selected participants must attend the training to proceed with the program. Date and venue for the training will be provided to them.
Phase 3 will be the mini competition. During the mini competition, the 12 participants will present their business idea to a panel of judges. 6 finalists and 2 alternates will be chosen to proceed to the final phase. Date and venue for the mini competition will be provided to them.
Phase 4 is the final leg of the competition. The 6 finalists will be required to attend a final workshop to refine their business plan presentation. There will be a gala night, which will host the final competition. All 6 finalists will have to pitch their business idea to a carefully selected group of judges. Date and venue for gala night will be provided to them.
Q. Will there be follow-up training prior to the final competition?
A. Yes. The 6 finalists will receive 1:1 training according to their specific needs. Dates TBD.
Q. If I applied last year, can I re-apply this year?
A. Yes, you may re-apply. Any small business can apply, except the winners of the previous years.
Q. Do all 6 finalists receive a cash award?
A. Yes. This 2022 cash prizes are as follows:
1st Prize $25,000
2nd Prize $20,000
3rd Prize $15,000
4th Prize $10,000
5th Prize $5,000
Best Startup Business $10,000
Q. If I have further questions?
A. Contact Olga Steele at 916-849-8170 should you have any unanswered questions.
Who Should Apply?
Anyone who believes in and loves Lake County; has a dream to own a business; has a creative business idea and the ability and stamina it takes to make it in business; has what it takes to pitch an idea to others; and who can use a financial boost to kick-start a business or take an existing small business to the next level is encouraged to apply.