Any student with the guts to swim with the sharks will have the chance when the Patchogue Young Professionals set up a tank at Patchogue-Medford High School.
Not a real tank, of course: Students will be able to participate in a real-life version of the popular business-pitch show “Shark Tank.” Students will come up with business ideas and pitch them to business “sharks” — board members from PYP — and hope their idea is chosen as one of the best to win one of three prizes.
This is the second year PYP will partner with PMHS for the event, which will take place after school on March 26. There were 18 presentations last year with groups of one to four students. The prize for each of the first, second and third places is a Visa gift card.
“We always want to encourage the next generation,” said Michelle Cayea, a PYP board member.
Students making a pitch will need to show a new idea that could be made into a viable business. The sharks will be looking for products, services, apps and more that solve problems or accomplish innovative goals. The young entrepreneurs will need to show proof of market, how much capital they would need, how they’ll use an investment and the merits of their idea — all within a 5-minute pitch. Cayea said the sharks will be looking for new ideas as well as ideas that expand on existing products.
“We’re really looking for someone that has a new industry idea or that is thinking out of the box,” she said.
Students have until March 6 to submit an application to participate.