North Carolina Small Business Center Network Names Winners of Inaugural 'Startup Showdown' Competition

The North Carolina Small Business Center Network (SBCN) has announced the winners of its inaugural Startup Showdown, following a competition that engaged over 300 applicants across the state. The initiative, which provided a total of $60,000 in unrestricted startup funding, culminated in the selection of Rinse-A-Poo as the first-place winner, with Victorious Wellness and The Gilded Lantern taking second and third places, respectively.

The competition featured 17 finalists who underwent extensive business training and coaching, culminating in a "Shark Tank"-style Pitch Day event. This process was designed to foster entrepreneurship in the region, providing participants with guidance and networking opportunities. The winners were recognized during an awards event held on September 17 and attended by several notable state officials, including Lt. Gov. Rachel Hunt and N.C. Secretary of State Elaine Marshall.

Dan Spangler, founder of Rinse-A-Poo and first-place winner, received $30,000 in funding through the Coastal Carolina Community College Small Business Center. He commented on the support received during the competition, stating it helped him forge valuable connections and prepare his business for growth. Second-place winner Victoria Gadbois, representing Victorious Wellness, was awarded $20,000, while third-place winner Phil McNutt of The Gilded Lantern received $10,000.

The competition's finalists were evaluated on various business criteria and were required to complete the REAL Entrepreneurship® Pitch It! course as part of the selection process. Public voting during the competition also garnered significant engagement, amassing over 41,000 views and 9,300 votes on finalists' pitch videos.