Cohort 3 of the M&T Bank Real Estate Fellows at The University of Baltimore, start their 10-week journey to the 'Pitch for a Million' Venture Competition.
Have you always wanted to become a developer? Do you already have experience rehabilitating buildings in Baltimore? Are you interested in growing that experience into a real estate development team?
Inaugural Year - 2019 "Pitch for a Million"Read the June 2019 blog post about the winners from the 2019 "Pitch for a Million" competition.
Aspiring UBalt student and alumni entrepreneurs who are interested in addressing critical development needs within Baltimore’s middle-market neighborhoods will go through a 10-week mentoring program with Baltimore-area seasoned professionals.
Students will identity a Baltimore City neighborhood, create a project, complete a development plan and prepare an application for financing. The winning proposal will get $10,000 in equity to secure the property for their proposal and the necessary financing up to $1 million in a Guidance Line of Credit from Baltimore Community Lending (BCL) to proceed with the project.
When a student is accepted into the program, they are identified as a "UBalt Real Estate Fellow."
Participating Fellows will be paid at least $1,500 during the process.
NEW THIS YEAR! The winning proposal will also get $10,000 in equity to secure the property for their proposal.
A series of curated trainings with local experts in the field and community tours will be offered to students starting in late February 2022 and completed by May 2022.
The final pitch competition is scheduled for a date in June 2022.
An open call to apply will occur in November 2021 for interested students and alumni to apply to participate in The University of Baltimore Real Estate Fellows program. Applications to be selected into the Fellows program are due by 3 p.m. on Friday, January 15, 2022.
- Any UBalt student or UBalt alumnus
- All applicants should have completed at least two courses in the real estate and economic development program or have equivalent professional real estate qualifications.
- Students must have a GPA of 3.0 or higher.
This venture is supported by M&T Bank, the University of Baltimore Real Estate and Economic Development Advisory Board and Baltimore Community Lending.