Applications are open for the Downtown Sacramento Foundation’s fifth annual “Calling All Dreamers” competition for startups and growing businesses.
Applications will be accepted at callingalldreamers.org through 5 p.m. April 10.
The competition involves Sacramento-area entrepreneurs pitching business plans in hopes of getting the top prize of startup incentives valued at about $100,000, including a period of free rent in a downtown Sacramento storefront, accounting help, legal services and cash.
The “Shark Tank”-style competition takes applicants through a development program of planning, market research, proof of financial sustainability and projections of future success.
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A selection committee of experts ultimately chooses a winner.
Since 2013, the competition has helped more businesses besides the annual winner. Officials said the event has helped 15 businesses open, created 20 full-time jobs and 57 part-time jobs. In 2016, five ventures opened a storefront, three within the downtown district served by Downtown Sacramento Partnership.