Deadline: August 2, 2021 00:00 CEST
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Eligibility: Contestants must have a startup or existing business that is beyond the concept stage, is legally formed at the county level (ex. Assumed Name filing for sole proprietor, general partnerships) or at the state level (ex. LLC, Corp, S Corp, etc.) and incurring business costs at the time of entry in the competition. Contestants must also be committed to job creation and economic development in San Angelo. Businesses must be in San Angelo or its ETJ to be eligible for an award. Awards winners must keep their business in San Angelo for the period indicated in the grant agreement.
San Angelo Business Plan Competition 2021
The Annual San Angelo Business Plan Competition is a three-phase business plan competition open to those who want to develop a new business or expand an existing business in San Angelo with cash prizes totaling $70K.
The Competition is an opportunity for entrepreneurs to develop viable business plans that will start or expand their business in San Angelo by competing for cash and in-kind prizes.
The Business Plan
In brief, a business plan is a comprehensive document that provides an organized view of a business idea or business expansion.
A business plan should reflect the vision of a market opportunity and serve as a blueprint for the future development of the business and includes various elements.
Contestants must submit online the business overview of their business start or expansion, along with a signed and fully completed Entry Form.
The business overview must be a two-page maximum overview of
the business (completed and submitted online), with up to four charts, diagrams, and/or tables uploaded as an appendix. Charts, diagrams, and tables are not required.
The business overview should briefly address each of the following business plan essential elements.
Competition officials may award up to a total of $70,000 in Cash Prizes!
- 1st Place – $40,000
- 2nd Place – $20,000
- 3rd Place – $10,000
- In-Kind: In-kind services donated by local businesses will also be awarded and are worth thousands of dollars in total.
Interested in applying for the San Angelo Business Plan Competition 2021 Register your participation by following the registration link and taking the suggested steps.