The $248 million Christian Financial Credit Union in Roseville, Mich., has launched CU@Soup, a program for members to pitch their business ideas to other members.
Members interested in pitching their ideas will put together a five to 10-page business plan, including information on what their product or service will be, what makes it unique, expense projections, what market area the business will serve, who the customers will be and how the business will be promoted.
Pitches will be reviewed by the credit union. Up to four members will be selected to present at the dinner. Each member who attends the dinner will pay $5 in exchange for a meal and voting privileges. At the end, attendees will vote on their favorite concept. The winner will receive the pool of funds collected at the dinner as a micro grant.
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