Business & Real Estate

The Kings are looking to help startups in the area ‘Capitalize’ on their ideas

The Kings are looking to help local startup businesses. The winner of the Capitalize contest will be announced March 22 at Golden 1 Center.
The Kings are looking to help local startup businesses. The winner of the Capitalize contest will be announced March 22 at Golden 1 Center. AP file

The Kings are once again looking to help local entrepreneurs and innovators “capitalize” on their startup businesses.

For the third consecutive year, the team will host its Capitalize contest, which is being powered by the Sacramento Urban Technology Lab. It’s open to any startups within a 75-mile radius of Sacramento, and applications will be accepted until Feb. 19 at 11:59 p.m.

The winner – which will be revealed on Tech Night at Golden 1 Center on March 22, when the Kings host the Atlanta Hawks – will receive $10,000, with additional mentoring sessions and opportunities from the Kings and other judges.

“We’re excited to once again drive competition and excitement among Sacramento’s innovator community,” Ryan Montoya, the Kings’ chief technology officer, said in a release. “Through the Capitalize contest, the rising stars of our region will have access to information and resources that could help them grow their product to the next big thing.”

The event, which received more than 200 applicants during its first two years, will be narrowed to 16 contestants on Feb. 21.

The tournament will feature additional resources for the competitors as they prepare their pitch for the judging panel. A marketing and business development workshop will be paired with a pitch-coaching session. Following two workshops, the competitors will present their pitch at Golden 1 Center on March 2. Four finalists will move on to Tech Night, when judges and fans will determine the winner.

For complete contest rules and to begin the application process, visit kings.com/capitalize.

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