Entries Categorized as 'funding your business'

Pennsylvania: Murata Business Plan Competition

Date February 18, 2008

murata_business_challenge.jpg

Purpose of Competition
This competition is designed to encourage aspiring entrepreneurs looking to start a business in South Central Pennsylvania.

Please tell me more! »

Enter Nokia’s Technology Innovation Competition

Date January 19, 2008

To all my international readers who complain most of the competitions listed here are for US residents, here’s one where geography is no barrier. You must act fast though because the deadline for this one is January 25.

nokia_technology_innovation Purpose of the Competition
Nokia and the other sponsors want to open the field to start up and medium sized companies to further explore and create new aspects of miniaturization, green technologies and enhanced technologies for consumer devices.

Please tell me more! »

Indiana -Incubicity Business Idea Competition $25,000 Grand Prize

Date January 18, 2008

indiana_incubicity
This regional business idea competition is in North Central Indiana, specifically Montgomery, Fulton, Benton, Tippecanoe, Cass, Carroll, Tipton, Wabash, Howard, White, Warren, Clinton, Miami, or Fountain counties.

Incubicity is using the competition to promote new businesses and economic growth in North-Central Indiana. More thank $25,000 can be yours if your idea wins.

Please tell me more! »

Your Invention Could be the Next Big Thing-Everday Edisons’ Casting Call

Date January 14, 2008

everyday edisons

Everyday Edisons, the Public Broadcasting television show that documents the development process of 14 inventions and stories of the people who invented them will start it’s new season later this year. They have put out a casting call which started January 12 and will run through May 17, 2008.

What’s in it for you, you ask?
According to the organizers, if your idea is chosen, you will be given the opportunity to enter into an agreement that provides annual payments for up to 20 years, contingent upon sales of a commercial product that embodies your idea. The payments are based on sales of products that incorporate the idea, even if no patent ever issues, sales of products that are covered by a patent, and royalties that are received under any patent.

Please tell me more! »

Business Plan Competitions - What are They

Date December 18, 2007

business plan competition

Business plan competitions have been around for several years, primarily offered by business schools initially, they are becoming increasingly mainstream- being offered by some states, wineries, economic development programs and even Avon. If you are in the early stages of planning or are a young start up, do not turn up your nose at this excellent source of seed funds and advice. Most competitions are organized annually, particularly the university based events.

Typically, you or your team register to participate and follow the contest timeline for submitting preliminary materials such as an executive summary. Depending on the contest, you may have to submit a full business plan at a later date and if your plan makes it to the finals, you and your team will have to appear in person to do a presentation or “pitch” in front of the judges and investors in some cases. Competitions sponsored by businesses on the other hand, sometimes require only an essay or video entry describing your business idea.

business planAt the university level, business plan competitions are staged for undergraduate or graduate students, depending on the university, and grad students may not necessarily have to be pursuing an MBA for some competitions. For other competitions, all members of a competing team do not have to be students of the university, if at least one on the team is a student or former student in some cases, the team can compete.

Please tell me more! »