Following on the success of its first No-Pitch Competition, Fredericton fintech company Profitual is once again hosting the contest that assesses founders’ business models rather than their public speaking skills.

Entries for the company’s second No-Pitch Competition are open until the end of the month, and the winner of the $10,000 first prize will be announced Dec. 9.

Profitual, a financial intelligence startup that specializes in working with other young companies, asks participants to merely upload an Excel file of their financial model. The contest is open to startups across Canada with less than $1 million in annual recuring revenue.

Profitual will use its AI-driven forecast evaluator to analyze every submission against investor-grade benchmarks. The goal of the competition is to reward “founders who can compete on substance, not spin.”

Applicants with the top 5 models will be invited for a 15-minute virtual call to confirm eligibility.

The first No-Pitch Competition early this year attracted about 120 applicants and was won by Calgary-based Cashew Research, a startup offering AI-driven market research.

You can find more information and enter the competition here.