Norfolk Enterprise Festival has created Angels Den to show the vibrancy of the region's vibrant entrepreneur economy.
Hannah Smith, who works for New Anglia said: 'The idea can be one you have always had, a start-up, expansion or desire to start exporting.
'It's a great opportunity not only to practice pitching ideas but there are also great prizes to be won.'
The competition, sponsored by Anglia Capital, Grant Thornton and Mills & Reeve, gives local businesses the chance to pitch their innovative ideas.
Ms Smith said: 'Presentation skills are going to be key, the event is held at a festival meaning they will need a show.
'Make sure you really show your character in the one minute video submission.'
To enter, your business should be under three years old, based in Norfolk and be registered as a limited liability company.
The deadline for applications is September 9 and you can apply here.
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