Tuesday, May 24th | 23 Iyyar 5782

March 6, 2017 10:40 am

These Sharks Are Kosher

avatar by Ronn Torossian

BizTank panel. Photo: BizTank.com Screenshot.

BizTank panel. Photo: BizTank.com Screenshot.

Matchmaking has long been a Jewish pastime, and now there’s also a corporate-funding matchmaker.

A new program called BizTank brings together entrepreneurs and successful Jewish investors. The brainchild of haredi business guru Joel Klein, CEO of IMBC (Immediate Marketing & Business Consulting), BizTank helps budding and expanding companies find funding. Entrepreneurs are invited to submit their pitches for review, and a handful is asked to present to the panel of BizTank business moguls. The entrepreneurs can seek investments from $50,000 to $5,000,000.

If the format sounds familiar, it is, as it’s based on the highly rated TV show “Shark Tank.”

While open to anyone, BizTank is especially beneficial for haredi and ultra-Orthodox Jewish entrepreneurs, who don’t always have traditional business connections and access to capital. Even those who fail to reach a deal can benefit from the coaching and guidance provided by the investors, which can position their businesses for future success.

Related coverage

May 23, 2022 11:17 am

Antisemitic Vandalism Is a True Threat to the Jewish Community

Of the 2,717 antisemitic incidents reported by the ADL last year, 853 were acts of vandalism. We might want to breathe...

Those who have succeeded in receiving funding include Jiftcard.com, an innovative universal gift card that allows users to purchase items from a list of participating retailers, and Morning Sickness Soothers, the maker of a new natural morning sickness-relief product.

BizTank’s panel of moguls include David Schottenstein, an Inc. 30 Under 30 Winner, and recipient of Ernst and Young’s Entrepreneur of the Year award, and real estate experts like Danny Lemberg and Anthony Pinkesz.

In the vast universe of Jewish organizational and professional life, BizTank has an important role to play. Not only does it provide real opportunities for businesses to grow, but it showcases to the world the vibrant and innovative minds that create jobs and wealth — not just for the Jewish community, but for anyone willing to work hard and pursue their dreams.

Ronn Torossian is CEO of NYC-based 5WPR.

The opinions presented by Algemeiner bloggers are solely theirs and do not represent those of The Algemeiner, its publishers or editors. If you would like to share your views with a blog post on The Algemeiner, please be in touch through our Contact page.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.