TVNewser TVSpy LostRemote SocialTimes AllFacebook FishbowlNY FishbowlDC PRNewser 10,000 Words GalleyCat UnBeige MediaJobsDaily

MDC Offers a Cool Million for Best Agency Start-Up Plan

moolah1.jpg

With all its acquisitions over the past several months, it appears Toronto-based MDC Partners still has money to spare, so what’s another million bucks? That’s the offering from Miles Nadal & Co. for some lucky entrepreneurial person or persons who can conjure up the best start-up idea. According to a statement from Nadal in the NYT, the main goal of the challenge, which was actually conceived by CP+B chairman Chuck Porter, is that “you do brilliant work, you want to make brands famous and you want to drive results for clients.”

Sounds pretty much like all agency creative recruitment ads, but nonetheless, we shall most likely be speaking with Miles Nadal on Monday to pick his brain and get more insight into this project, which was announced today at a seminar in Cannes. Of course, the $1 mil doesn’t come without some interest of sorts as MDC will take a 51 percent stake in the winning shop. If being a minority owner is your cup of tea, you can start emailing your proposals here.

More: “AdAge: McCann Suing MDC Over Alleged Employee/Client Poaching

Mediabistro Course

Management 101

Management 101Become a better manager in our new online boot camp, Management 101! Starting October 27, MediabistroEDU instructors will teach you the best practices for being a manager, including, how to transition into a management role, navigate different team personalities and more! Register before September 30 to get $50 OFF with early bird pricing. Register now!