RIBBA Young Entrepreneurs Secure $11,000 in Capital Funding

Providence, RI — RIBBA was thrilled to host its energetic Young Adult Business Pitch Competition at its Hub on 220 Smith Street in Providence, RI. The event, in partnership with Papitto Opportunity Connection Foundation, who provided the funding, brought together ambitious young entrepreneurs from across Rhode Island, showcasing their innovative ideas and entrepreneurial spirit. Seven enterprising young Rhode Island entrepreneurs, aged 18 to 30, presented their innovative business ideas before a distinguished panel of judges.

The competition culminated in an exciting announcement of the 2025 winners:

🥇 First Place – $5,000: Joahluis Molina, That Junk Removal Company
🥈 Second Place – $3,000: Vedjee Belin, Vee Natural Care
🥉 Third Place – $2,000: Joely Ilarraza, All Things Tropical

RIBBA is proud to support and empower Rhode Island’s small businesses and the next generation of business owners. This event exemplifies the organizations commitment to fostering entrepreneurial talent, providing a platform for young entrepreneurs to shine and connect with the community. RIBBA also awarded a $250 grant to the remaining four finalists, further encouraging and supporting the growth of emerging entrepreneurs.

To prepare for the event, each participant underwent meticulous training in crafting and delivering a compelling business pitch. The final verdict was entrusted to a panel of esteemed judges, including experienced professionals from Rhode Island’s business community: David Ferreira from Bristol County Savings Bank, Carlos Vargas from Navigant Credit Union, and Cynthia Scott, former board chair of RIBBA. The evaluation criteria focused on the strength and originality of the participants’ ideas, the potential immediate impact of their proposed use of funds, and the strategic depth of their business plans.

“RIBBA has been instrumental in my journey — from preparing me for our pitch, to developing my website, and helping me scale my business. They are also guiding me to get ready for the next steps of growth.” — Joahluis Molina, Owner of That Junk Removal Company and first place winner.

Lisa Ranglin, RIBBA’s visionary CEO, passionately underscores the significance of their initiative: “We are steadfast in our dedication to breaking down the obstacles that hinder underserved communities from accessing essential financial resources. She further explains, “With our unique strategy, RIBBA not only assists businesses in growing and scaling, but also actively addresses the challenge of unemployment. Our primary goal is to foster entrepreneurship — we remain committed to working tirelessly to support and empower the next wave of talented and ambitious young entrepreneurs.”

Visit ribba.org to learn more about its small business programs, the organization’s impact, or to start your entrepreneurial journey.