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Mspire: Northeast Ohio’s only pitch challenge exclusively for manufacturing-focused entrepreneurs

MSPIRE 2021 Logo

 

***APPLICATIONS FOR 2021 ARE CURRENTLY BEING REVIEWED***

Important update: The form didn't transfer all of the data from some applications. If you applied and have not yet received an email from MAGNET, please email anavratil@manufacturingsuccess.org.

 

What is Mspire?

Mspire is Northeast Ohio's only pitch challenge exclusively for manufacturing-focused entrepreneurs. If you have a product that will help advance the manufacturing industry or a physical product (or idea) that needs to be manufactured, we want to hear from you! Applications accepted August 10-September 8, 2021. Don't miss the Sept. 8, 11:59 PM deadline!

Why should I apply?

Finalists are given resources and guidance specifically geared to their unique situation. We work hard to ensure that winners are given the help that they need to build their businesses. 

Who should apply?

The event is open to any Ohio-based entrepreneur with an innovative product idea or service for the manufacturing sector.

What are the specific prizes?

  • $20,000 of MAGNET Engineering Design Projects
  • $20,000 of MAGNET Sales and Marketing and/or Operational Development Projects
  • Booth placement at The Manufacturing and Technology Show in November 2021
  • A strategic marketing plan and consulting session from Tenlo Digital Marketing Agency

I applied last year. Can I apply again?

Yes! However, if you’ve been awarded in the past, you have to demonstrate a pivot or significant progress to be eligible to win again.

What are the judging criteria?

Each project will be evaluated for fit with MAGNET's existing services, as well as feasibility, economic impact, and potential for job creation.

What types of submissions are you looking for?

Any physical product or manufacturing innovation is welcome to apply.

What do you mean by "subsidized project"?

We know that turning ideas into reality is challenging. The process can be complex and expensive. MAGNET has expertise on-staff and in our network, and we can subsidize specific project steps and leverage our considerable resources to help you build your product in a cost-effective and efficient manner.

What's the overall timeline?

August 10, 2021 - Online application opens

September 8, 2021 (11:59 PM) - Application period closes 

September 28 & 29 - Semi-final round

October 20 - Mspire Pitch Competition*

October 29 - Winners announced

 

* The Mspire Pitch Competition is currently planned as an in-person event, as is The Manufacturing and Technology Show. All events and prizes will be evaluated regularly to ensure COVID safety for all. 

 

MAGNET is a non-profit consulting group. We grow the manufacturing industry and unlock prosperity in Northeast Ohio. Our practical consulting helps start-ups thrive and small and medium-sized companies transform with technology, innovation, and talent. We create jobs and drive change by collaborating with manufacturing CEOs, governments, community leaders, and educators to solve problems and build opportunities. MAGNET is part of the NIST and Ohio Manufacturing Extension Partnership (MEP) program to support small and medium manufacturers across the US. 
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