Have an Idea for a marketing firm?? then listen up, there’s a million dollars up for grabs .

8 Jul

MDC Partners, the holding company based in Toronto that owns agencies like Crispin Porter & Bogusky and Kirshenbaum Bond Senecal & Partners, has just recently introduced a “Million-Dollar Challenge.”

Entrepreneurs are invited to submit business plans for agencies in any area of marketing communications.

MDC will review the submissions, choose at least one plan from among 10 finalists and invest $1 million in starting it up in exchange for a 51 percent stake in the new shop (giving up 51 percent of the company means you will not have control of the company. Effective control rests with the majority stakeholder, so make sure you are okay with that before you proceed).

The sole criteria for submitting a plan is that “you do brilliant work, you want to make brands famous and you want to drive results for clients.”

Please send proposals to MDC at this e-mail address: startup@mdc-partners.net.

For more information you can visit www.mdc-partners.net

If you have any questions or comments, please feel free to fill out our comments box.

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