By SU Public Relations

SALISBURY, MD---Salisbury University’s 23rd round of a 13-year, $2.9 million program to create new jobs takes place Friday, November 1, as entrepreneurs vie for their share of up to $200,000 in business funding.

The Philip E. and Carole R. Ratcliffe Shore Hatchery program was established with the foundation’s initial $1 million contribution in 2013. The Ratcliffe Foundation announced subsequent renewals of $1.9 million to continue the Shore Hatchery through spring 2026. It is administered through SU’s Franklin P. Perdue School of Business.

Its goal: to fund and provide guidance to entrepreneurs with active small businesses in order to achieve greater scale and market reach.

Up to $200,000 annually is available for those applying for grants through the Shore Hatchery program. Its board of directors selects recipients based on exhibits and live presentations.

Through the initiative, applicants representing multiple geographic territories and business sectors pitch their business ideas to the board during a competition similar to the format used for ABC-TV’s Shark Tank. Each spring and fall, the program awards a share of the annual funding to business startups.

A public exhibition of applicants, featuring information about their submissions, is 2:30-3:30 p.m. at Junior Achievement of the Eastern Shore, 301 Tilghman Rd., #101. Winners are expected to be announced at approximately 4:30 p.m.

Ratcliffe Shore Hatchery board members include Jim Perdue of Perdue Farms; Dave Rommel and Mike Cottingham of Rommel Chesapeake, Inc.; and recently appointed members Dr. Erinn Tucker-Oluwole of the University of Maryland Eastern Shore; and Matt Cohen of SIMPLi, among others.

Admission to the public exhibition and winner announcements is free, and the public is invited. For more information call 410-546-4325 or visit the Ratcliffe Shore Hatchery webpage. 23rd Ratcliffe Foundation Shore Hatchery Entrepreneurship Competition Scheduled November 1 - Tuesday October 01, 2024 | Salisbury University News