Most know Marc Sparks due to his extensive entrepreneurial success through many ventures. These ventures have proven to be very successful, but Sparks has done so much more for his community and others. It is perhaps this outreaching and helpful spark in Mr. Sparks that led him to start the Spark Tank initiative.
Spark Tank was the brain child of both Marc Sparks and Lynne Sipiora whom he met more than 15 years ago. Both have been involved in charitable ventures, and Spark Tank is simply another one of these ideas. The plan was to help entrepreneurs who have ideas that financial sectors don’t see as profitable.
What Sparks and Sipiora wanted to do was give those entrepreneurs in the social service industry an opportunity to present their ideas. Their ideas would then compete with others and go through a serious and fruitful competition to see which idea proved to be the best. The competitor that wins will get a 5,000 dollars check free and clear.
Sipiora and Marc Sparks know that 5,000 dollars is more than enough money to really make a difference in what the company wants to do. 5,000 dollars was enough to fuel a shuttle bus for an entire year so that workers and others did not have to spend money on gasoline. This was something that they both were able to accomplish on their first venture together, which was a homeless shelter.
Another useful task that Marc Sparks and Sipiora were able to do with 5,000 dollars is cover a camp for children. Keep in mind that this camp did include instruction. In short, Sparks and Sipiora believed that 5,000 dollars was the kind of money that an innovative company will be able to truly use. Learn more about Stephen Murray CCMP Capital: http://www.goodreads.com/author/show/9661324.Marc_Sparks and https://angel.co/marcsparks3
The criteria to win is pretty strict and does challenge every team to really make their case as to why they are the social service company to invest in. There are a few rules that one does have to follow in order to be eligible. For one, the organization should be active for at least 2 years. And the organization needs to have been a 501c3 for that long as well.
You should also remember that there are some organizations that are not going to be eligible, like church organizations unless it is faith-based in name only and not attempting to created something that is faith-based – read mind: Who Is Marc Sparks?. Other organizations that cannot join the contest are national action political committees.
Keep in mind that these are just some of the organizations that are not allowed to participate. There are plenty of service oriented companies that are eligible, like those involved in the arts or shelters for animals.
The Spark Tank has has been proven to be successful for those who participate, and everyone wins a little more help and support from within the community of spectators or competitors.