What is the Mastercard® Grow Your Biz Contest?
Mastercard and Bank of America are offering small businesses an opportunity to claim the spotlight and earn valuable resources to help their business grow. Business owners can pitch how they will take their business to the next level for the chance to win a cash prize from Mastercard and business consultation with industry experts.
Who is eligible to enter?
The contest is open only to small business owners who are legal U.S. residents (including DC) and who are 18 years of age or older at the time/date of entry.
Is my business considered a “small business?”
For the purpose of the Contest, a small business is defined as a business with an annual revenue of $5,000,000 or less that is physically located in the fifty (50) United States or the District of Columbia, and is incorporated or otherwise considered a valid legal entity in good standing in its state of formation.
How do I enter?
Visit the program website to submit your entry during the submission period. Complete and submit the entry form including an upload of one (1) video that does not exceed one (1) minute in length. In your video, tell your small business’ story and answer this question: How would $25,000 help grow your business?
What are the contest dates?
The contest submission Period begins on or about 12:00:00 AM Eastern Time (“ET”) on 9/9/19 and all Entries must be received on or before 11:59:59 PM ET on 10/6/19.
What are the requirements for my entry video?
Your entry video must conform to the following requirements:
- If your video includes any narration, it must be in your voice only, be original and the video and its contents must not infringe any third-party rights.
- Your video must not exceed 1-minute in length and must be in English.
- Your video must be in an AVI, MOV, MP4, MPEG, WMV, or FLV format.
- Maximum file size for video submissions is 500MB
- Your video may not include any music.
- The person entering the contest must create and appear in the video themselves.
How will my video be judged?
All submissions will be judged for: strength/opportunity of the business plan, video creativity and overall appeal/personality and enthusiasm. The four (4) submissions that receive the highest scores will become the contests potential Finalists.
Can I enter more than once?
No, you may only enter the contest once.
What is the Grow Your Biz Panel?
The Grow Your Biz Panel is a team of small business experts assembled by Mastercard and Bank of America. During the Final Event of the contest, four (4) Finalists will have the opportunity to make their pitch to the panel. The panel will vote for their favorite pitch to select the one (1) Grand Prize winner.
How will I know if I am chosen as a Finalist?
Potential Finalists will be determined approximately within ten (10) business days following the completion of the Submission Period, and will be notified by by telephone and/or email and/or a traceable method of overnight delivery.
Where will the Finalists presentations take place?
Finalists will pitch to the Grow Your Biz Panel in NYC on 11/14/19. Finalists and a guest will receive a trip to NYC from Mastercard for the event.
How will the Grand Prize winner be chosen?
One (1) Grand Prize winner will be selected by the Grow Your Biz Panel at the close of the Final Event on 11/14/19. The Finalist who receives the most votes from the panel will win.
What could my business win?
Four (4) Finalists will each receive a $1,000 Mastercard Prepaid® card, professional consultation with the Grow Your Biz Panel, and a trip to NYC from Mastercard.
One (1) Grand Prize winner will receive $25,000.