Talbot Tank Contest 2021

Are you a Hampton High School student with an idea for a new product or business you would like to develop? My 4-Year plan is partnering with the Hampton Magazine in sponsoring Talbot Tank, a spring business competition that will culminate in a Shark Tank-style pitch of business ideas presented to a panel of Hampton business professionals, and live streamed by My 4-Year Plan, Saturday, May 15. The winner will receive a cash prize of $500 to be used by the student in kick-starting their business idea and a feature article with their picture in the August issue of the Hampton Magazine. The winner and the runners-up will also be invited to a morning of free professional business coaching provided by Hampton professionals.

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Talbot Tank Contest Rules

The contest is open to Hampton residents in 9th - 12th grade.  The contest runs from February 1-May 10, when contestants must submit a powerpoint presentation to My 4-Year Plan.  Contestants will compete May 15 before a panel of local business professionals, at which time the winner will be announced.

Submission Format Requirements

Dedicate at least one Powerpoint slide for each of the following elements, in the following order: (Pictures of visual representations encouraged)

  1. A synopsis of your product or service in a single sentence
  2. Statistics to show there is a need for this product
  3. Current competitive products or services on the market and why yours is unique
  4. A description of your target audience of consumers
  5. Describe how the product or service will be made or developed
  6. The costs to make the product or start the service
  7. Your plan to market the product or service, including a timeline and costs
  8. The timeline to implement the product or service

 

Entries will be judged on the basis of:

Entrepreneurial creativity and innovation

Need for product or service

Thoroughness of plan

Submission Info

Entrants must submit their business idea in a powerpoint emailed to: cathy.lueers@my4yearplan.com