Mississippi entrepreneurs pitch their ideas to investors - WLOX.com - The News for South Mississippi

Mississippi entrepreneurs pitch their ideas to investors

Mississippi Entrepreneurs pitch their business ideas to potential investors Mississippi Entrepreneurs pitch their business ideas to potential investors

If you've seen the hit ABC show Shark Tank, you know how tough starting a business can be. Tuesday night, some Mississippi entrepreneurs got the chance most business owners can only dream about. They pitched their ideas to potential investors.

Innovate Mississippi serves as an incubator for business start-ups throughout the state. Along with the Mississippi Angel Investment Network, it holds events quarterly. Employee Lynlee Honea said the one Tuesday night was special for the coast.

"We had a Gulf Coast company, you know. We normally work with the Jackson metro area companies and it's exciting to be able to tout that around here," said Honea.

That Coast Company was created by Daniel Payne and his business partner. "My business partner and I have developed a company called Sport Snax," said Payne.

The idea of Sport Snax is that if you get hungry after finding your seat at a sporting event, you can simply order concessions from your phone and have them delivered to you. It's just a web site now, but Payne says he expects an actual app by the summer.

The other company pitching their idea was NG1 Technologies. Dustin Nord and Cynthia O'Donnell found a breakthrough technology for the trucking business. They agreed that this meeting represented an important part of our growing culture.

"I think it's really important for states to have these types of things because our country is based on innovation," said O'Donnell.

The entrepreneurs weren't the only ones who were excited about the meeting. Louis Finkle is a private investor.

"It's a great idea," Finkle said. "I think the Innovate Mississippi up in Jackson and the Mississippi Angel Network, as a separate entity, has been really the driving force behind increasing the investment opportunities here along the coast."

Innovate said that last year seven companies pitched their ideas to investors. Six out of those seven were funded. For more information, please visit: http://www.innovate.ms/index.php

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