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. Fourteen (14) applicants plus one (1) alternate will be selected for the Established Business category. Five (5) applicants will be selected for the Startup Business category. Nineteen (19) semifinalists and one (1) alternate will proceed to Phase 2.
Phase 2 is mandatory 1-day training. All selected participants must attend the training to proceed with the program. The date and venue for the training will be provided to them.
Phase 3 will be the mini competition. During the mini competition, the 20 participants will present their business ideas to a panel of judges. Eight (8) finalists and one (1) alternate will be chosen to proceed to the final phase. The date and venue for the mini competition will be provided to them.
Phase 4 is the final leg of the competition. The eight (8) finalists and one (1) alternate 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 eight (8) finalists will have to pitch their business ideas to a carefully selected group of judges. The date and venue for the gala night will be provided to them.
Q. Will there be follow-up training prior to the final competition?
A. Yes. The eight (8) 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 eight (8)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
1st Prize $10,000
2nd Prize $5,000
3rd Prize $3,000
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.