LOS ANGELES--(BUSINESS WIRE)--NBA basketball star turned entrepreneur, Jonathan Bender, in partnership with Crowdfunder.com, the leading equity crowdfunding platform, and the Indianapolis Minority Business Development Agency Business Center (Indianapolis MBDA), today announced that applications are open for The Live Pitch, taking place on August 21st, 2015 in Indianapolis at 2126 N. Meridian Street. The Live Pitch is an event for minority and women-owned small businesses to pitch their ideas to investors to raise capital. Businesses can apply online at https://www.midstatesmsdc.org/events/the-live-pitch until August 15th.
“I created The Live Pitch event to give more minority and women-owned businesses the help they need to succeed. As a professional athlete and businessman, I’ve had to fill a lot of different shoes so I know, first-hand, how difficult it is to get a great idea off the ground,” said Jonathan Bender. “When I created the rehab device, JB Intensive Trainer, I dedicated years of my life to it. I understand the unadulterated passion and drive founders, from all walks of life, need to make an idea a success.”
A maximum of 20 companies will present a ten-minute pitch live on stage to local investors during The Live Pitch event. The top three pitches, chosen by Jonathan and his team of expert judges, will each receive a free Crowdfunder fundraise (valued at $5,000). Remotely, investors can tune in to the event via a live stream to submit questions in real time to the applicants, as well as make non-binding investments in the companies pitching.
“Title IV of the JOBS Act, Regulation A+, is changing the landscape for investment in equity-led crowdfunding but there is room for further democratization of the funding process and for minority-owned businesses to take the stage to attract investment,” said Chance Barnett, Crowdfunder’s CEO and cofounder. “At Crowdfunder we’ve built a network of over 100,000 members and facilitated $100M in investment commitments and we believe we can use our network to help more minority-owned businesses.”
Businesses eligible for The Live Pitch event must fall into one or more of the following categories to apply: African American, Asian-Indian American, Hispanic American, Female-Owned, Native American, Asian-Pacific American.
“The Live Pitch is the brainchild of Jonathan and giving back to the business community couldn’t be more in line with the work we do at the Indianapolis Minority Business Development Agency Business Center. We are delighted to be involved in this initiative and have the support of Jonathan to help minority-owned businesses be heard,” added James Knight, Sr., Program Director at the Indianapolis MBDA Business Center, operated by the Mid-States Minority Supplier Development Council.