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IdeaFest encourages entrepreneurs with prize money

By Justin Ward, jward@wdbj7.com
Published On: Feb 28 2014 08:21:06 PM EST
Updated On: Feb 28 2014 11:46:09 PM EST

People dreaming of starting a business pitched their ideas to a panel of judges Friday in Danville

DANVILLE, Va. -

People dreaming of starting a business pitched their ideas to a panel of judges Friday in Danville.

IdeaFest, new program held at the Institute for Advanced Learning and Research, gives young entrepreneurs the chance to boost their business proposal and eventually build a company.

More than 20 teams pitched ideas to business consultants.

Those ideas included everything from small home manufacturing, turkey calls, and specialized coffee marketing.

"The goal is to make sure that people understand, there are resources here in the region and they can start, they don't have to be in Boston or New York to start a cool business, they can start it right here in Danville," said Varun Sadana, a co-creator of IdeaFest.

The winning team got $3,000 to help start up the company and private business consulting from The Launch Place, which is a business incubator in Danville.