The 6th Annual Dragons Den was held last night at the Meaford Hall and generated nearly $26,215 for local start-ups.
‘Feels great to support entrepreneurs and the economic development of Meaford.’ says April Stewart from Landlord Legal. Stewart was one of the five Dragons who judged the five contestants participating in the event, which is loosely based on the popular CBC television series, Dragon’s Den.
‘Everyone at that table had a different background, which is good,’ says Dragon Bill Brick, from Owen Sound Volkswagen. ‘Each one is successful in their own way.’
The other 2014 Dragons were Paul Osborn from A2A Capital Management, Desmond von Teichman from Royal LePage, and Carmenie Stemmler, from Grey Bruce Bee Products, Services & Supplies.
‘Feels great to support entrepreneurs and the economic development of Meaford.’‘If the Dragons bite, you’re in,’ says 2009 winner Meredith Cowan, owner of Meredith’s Ginger. ‘It gives a stepping stone for these businesses to grow.’
‘It’s a real testament that everyone who’s won in still in business,’ says Brick.
This year’s winner is Spencer Wareham from Kilannan Brewing Company Ltd. Wareham received $4,000 from the Dragons, $11,525 worth of marketing and business services, as well as the Audience Choice award, which was $1,555 in cash and prizes. Wareham says he will use this to invest in more equipment for his local brewery.
The contestant who received the second largest amount of money from the Dragons was Sydenham Hill Farm Leather, a custom hand-made leather shop. Daniel Caldwell presented to the Dragons while Christy Caldwell, his wife and co-owner watched from the audience.
‘Wasn’t as scary as I thought it might be,’ says Christy. ‘Everyone was telling me how fired up the Dragons would get, but they were pretty calm.’
Sydenham Hill Farm Leather received $3,535 in cash, as well as marketing and business services.
This was the second year Bill Monahan from HomeButtons has presented to the Dragons. Monahan says through ‘the intervening two years, people would call saying they’d heard of us from the Dragon’s Den.
‘It’s a great way to reach out to the people of Meaford,’ Monahan says. HomeButtons offers independent living solutions to elders and their caregivers, and received $600 from the Dragons.
The other contestants were Lynne Lundberg from Transitions, a business focused on the needs of seniors as they transition to smaller homes, and Eric Wilson from Rapid-Fab, a whose primary product is high resolution 3D printing.
‘If you’re willing to go up, or have a husband to go up,’ says Christy Caldwell, ‘whether you win or not, it’s great exposure.’