North Alabama entrepreneurs will soon have the opportunity to participate in a Shark Tank-style event where they can win up to $25,000 in non-dilutive funding.

The third annual Launch Tank Contest at the U.S. Space and Rocket Center allows participants to show off their business skills in a format similar to the popular show. This event is made possible through a partnership between Launch and Singing River His Trail, a nonprofit organization dedicated to strengthening communities through entrepreneurship.

“The Singing River Trail Launch Tank embodies the strength of regional collaboration,” said Launch Tank Co-Chair Lisa Mays. “Through this event, we are not only supporting entrepreneurs; we are empowering them to help shape the future of North Alabama.”

Launch Tank co-chair Michelle Epling said the competition will help foster growth in the region.

“North Alabama is more than just a place on a map. It's a shared vision,” Epling said. “The collective support provided through the Launch Tank competition is a differentiator in driving community growth and innovation.”

RELATED: 200 miles of trail through 27 towns connecting north Alabama's past with bright future

John Kvatch, executive director of the Singing River Trail, said the contest is about more than just individuals and businesses.

“We are excited about the third annual Launch Tank competition. Like our previous finalists, this is an opportunity for you to contribute to something bigger and create a positive impact in our community.” said Kvach. “Our vision goes beyond our competitors.”

“We want to connect as many entrepreneurs as possible to the Singing River Trail and make North Alabama a better place to live, work and play.”