Marc Sparks, a well-known venture capitalist from the state of Texas, announced the winner of Spark Tank, which is a venture he created and it has grown in popularity.
About a week ago, Marc Sparks announced the winner of Spark Tank, which allows entrepreneurs to submit their proposal for the chance to win a grant of $5,000. The grant is designed to help support their non-profit cause. Read more: Marc Sparks – AngelList and Who Is Marc Sparks?
The winner of the contest was Mommies in Need, which is an organizations that provides qualified nannies to families who need it due to health emergencies. The families are provided nannies if they cannot afford it. The organization provides nanny services to families at no-cost to them.
For example, they have started searching for a bilingual nanny and one that is trained in helping kids with special needs.
Sparks said he wanted to foster fledgling non-profits by offering them an initial grant. He said he also wanted to help organizations with their presentation skills. Sparks added that many great causes end up failing because leadership couldn’t tell the story in a proper way or they don’t properly ask for donations.
Sparks is a successful entrepreneur. He developed Spark Tank to encourage social successes. The idea is to have a positive impact in the Dallas and Fort Worth area by giving grants and overseeing accountability from management in the non-profit organization.
The third round of Spark Tank starts soon but applicants must lodge their application by October 1st. The three winners of the three rounds will compete and the grand prize award will be given to one of them in December.