5x5

Lindsey Smith / Michigan Radio

A Grand Rapids entrepreneur is launching a $15 million venture capital fund to turn people’s ideas into successful businesses.

The DeVos family is backing the fund, called Start Garden. Richard DeVos started Amway, now the world’s largest direct selling company.

Lindsey Smith / Michigan Radio

48 restaurants in Grand Rapids are competing to be the home of the first-ever “Grandwich”. The idea for the sandwich competition came out of a competition for the best ideas.

Nicole Infante wanted Grand Rapids to have a signature sandwich – like the Philly cheese steak sandwich. The idea got a lot of traction but the judges at the idea competition didn’t award her any money. The next day promoters of the downtown area offered to help make her idea reality.

Paul Jendrasiak / GRNow.com

Tonight two Michigan entrepreneurs will give away $5,000 in a competition devoted to creating buzz around good ideas. Rick DeVos and Bill Holsinger-Robinson are trying to help make the best ideas a reality.

On the last Tuesday of each month, Pomegranate Studios (a business incubator DeVos and Holsinger-Robinson founded in Grand Rapids two years ago) offers 5 people 5 minutes to pitch their idea for a business, an organization, art project, anything really.

A panel of 5 judges then awards up to five thousand dollars to those with the best ideas.

Bill Holsinger-Robinson says they want to give people a platform for their ideas to grow.

“The event is really less about the grant making and is more about people sharing ideas and then getting people to act on those ideas within a community.”

Kurtis Garbutt / Flickr

Grand Rapids chef  Brian Gerrity with an idea for an underground supper club called “Fire & Knife” got $2,000 towards that goal.

“I’m a mercenary chef right now, chef for hire. It’s a fancy way of saying I’m unemployed."

He wants to offer a temporary venue where chefs don’t have to worry about normal constraints like food costs holding back their creativity.

5x5night.com

Entrepreneurs will get a unique opportunity to get their business idea off the ground in Grand Rapids. During “5x5” 5 people will have 5 minutes to present their ideas on anything from art to education to business. 5 judges will decide which of the ideas should be awarded up to $5,000.