Global Atlantic backs small business competition

Long-term re/insurer Global Atlantic has joined forces with the Bermuda Economic Development Corporation to announce eight finalists in an entrepreneurial competition for new businesses.

The finalists will compete for five $25,000 prizes in the Wave of Opportunity Pitch Competition at the Hamilton Princess Hotel on November 21st where the finalists will pitch their businesses. It will be open to the public to attend and will also be livestreamed.

This year’s competition attracted 65 applications, which were narrowed down to a select group of 25 applicants, including five outstanding candidates in the youth category and 20 exceptional entries from local companies. Following an initial round of preliminary pitches, the field was reduced to five adult finalists and three youth finalists who will go on to compete in the finals.

Prizes will be awarded to three local companies from any industry, one youth entrepreneur and one people's choice award. 

The three youth finalists are:

The Playroom – Akilah Acka: An indoor playground and cafe for children ages 6 months to 6 years.

Navigate – Tre Maxwell: A mobile drone light show service, offering custom LED drone displays.

Flow by Nico – Nico Bean: Unique acrylic paintings, handcrafted ornaments, and custom-printed notebooks and phone cases.

The five businesses advancing to the finals are:

PsyNeu – Adriene Berkeley: A mental health practice offering cognitive skill development and emotional wellness services.

Sweat Suites Studio – Lauren Furbert: Bermuda’s first wellness club offering contrast therapy, infrared saunas, and cold plunges.

NBK School of Nails – Keely Trott: An internationally accredited nail technician school offering comprehensive hands-on training.

Bermuda Sports Radar – Jekon Edness: OTT sports media company offering live event coverage, highlights, and profiles for local sports fans.

Sade Milan Skin – Ashleigh Simons: An all-natural intimate skincare brand focusing on self-care and feminine wellness.

"We are thrilled to continue our partnership with BEDC for the Wave of Opportunity Pitch Competition. The calibre of finalists this year is truly impressive, showcasing the innovative spirit and entrepreneurial talent in Bermuda,” said Darryl Herrick, Co-Head of Reinsurance at Global Atlantic and President of Global Atlantic Re. “By providing these grants, we aim to fuel the growth of local businesses and contribute to the island's economic vitality. We look forward to seeing these promising entrepreneurs pitch their ideas and take their ventures to the next level.”

The public is encouraged to register for the November 21st event, where they can engage in the competition and vote for the People’s Choice Award. Registration and livestream details can be found at www.bedc.bm.

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