Point Park University launching $10,000 Shark Tank-like competition for local businesses

PITTSBURGH — Point Park University is launching its first annual Vigor, Vibe and Venture (V3) Challenge, a competition that is similar in concept to ABC's Shark Tank television show.

The university established the competition, which comes with a $10,000 first-place prize, through its Rowland School of Business and in partnership with Pittsburgh-based consulting company Above to Below to help local entities grow their businesses, service or entrepreneurial vision.

“This competition is an opportunity to provide financial support and mentorship to a worthy Pittsburgh entity at a time when unemployment is high and we continue to reel from the effects of the pandemic,” Steve Tanzilli, dean of the Rowland School of Business, said in a release. “We wanted to use this generous gift to change the narrative and shine a focus on economic growth and opportunities for entrepreneurs right here in Pittsburgh.”

Read more in the Pittsburgh Business Times.