Oct 04, 2016 01:47 AM EDT

Launch Pad to Give Away $5000 in Funding for Tech Projects and Business

As technology advances, business opportunities in different states and places also grow, the Sioux Falls, the largest city in the U.S. state of South Dakota, is not an exception.

As Sioux Falls gears up for a more advanced technology, CenturyLink and The Bakery promised to help them out. CenturyLink will be sponsoring a pitch competition called Launch Pad for a technology project or business, promising to give away $5,000 in funding.

In a report from the Agus Leader, CenturyLink market development manager Rachel Woodman said that the CenturyLink will be a technology partner for many of the largest global businesses. He said that they are proud to support local businesses with funding through events like this.

"The Bakery and CenturyLink want to support and encourage tech companies by not only laying forth the infrastructure and resources in the Sioux Falls region but to provide crucial growth stage funding assistance," the official website of The Bakery stated.

Launch pad will be held at The Bakery on November 10 (Thursday) at 7:00 p.m.

The competition will be selecting 4 to 6 organizations that will be introducing their projects to a group of local entrepreneurial judges and a live audience where they will be defending their projects or business vying for $5,000 in funding from CenturyLink.

The Bakery website also provides the guidelines for the application. Companies who would want to join the competition must have a strong emphasis on technology. According to The Bakery and CenturyLink, the companies' project or business must focus on development, manufacturing, R&D, software product or services.

The organizers also said that participants must be able to defend how technology works on their organization and how they use technology in the operation of their business.

"Companies targeted are those in growth stages of business. Applicants must be organized and an existing operational entity," the organizers said. However, those which they called mild or moderate stage companies may also join the competition provided that they would be able to prove that they have a new department or division of innovation technology planned for launch and implementation.

Deadline for submission of entries is on October 14, 2016.

For more information, click here.

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