M&T Bank Small Business Accelerator Pitch program rewards three worthy startups

An AI-powered interactive storytelling app that empowers children … an e-sports creative studio that empowers gamers to become creators … a non-profit organization dedicated to uplifting underserved populations after their release from incarceration.

The winners of the New Jersey Multicultural Small Business Accelerator Program Pitch Competition, never disappoint. This year was no exception.

The event, which was co-sponsored by M&T Bank, the N.J. Small Business Development Center and the NJCU School of Business, was a culmination of a seven-week program which provided participants with resources and training to refine their business strategies.

Over 70 entrepreneurs applied to join the program, with 34 selected to participate.

After initial pitch presentations on Oct. 29, seven finalists moved forward to the final competition where a panel of judges representing M&T, NJCU, the U.S. Small Business Administration, and other local business leaders selected the winners. The three winning participants were awarded a combined total of $30,000 during the competition’s final pitch event following their presentations.

A look at the winners:

  • First Place, $15,000: Howie Jeon, TaleWeaver, West New York: An AI-powered interactive storytelling app that empowers children to create and control personalized stories while building essential reading skills.
  • Second Place, $10,000: Marcos Navas, E-Sports Creative League, Teaneck: An e-sports creative studio that empowers gamers to become creators, shifting from passive gameplay to roles in game design, digital storytelling, and content creation.
  • Third Place, $5,000: Dr. Susan Fair, Helping Hurting Hearts Community Outreach, Jersey City: A nonprofit organization dedicated to uplifting underserved populations, particularly seniors and women reentering their communities after incarceration.

The Multicultural Small Business Accelerator Program aims to empowers and fosters growth for diverse small businesses within the New Jersey community. This program provides a strong foundation for these businesses to thrive, driving sustainable opportunities and long-term success.