The Institute for Entrepreneurial Leadership Business Plan Competition 2013

Description

The purpose of the Institute for Entrepreneurial Leadership Annual Business Plan Competition is to guide you through the process of getting your thoughts about your business out of your head, on to paper, and into an actionable plan.

Top 5 Reasons to Enter:

Your odds of winning are better than playing the lottery
You have been "working" on your plan for two years and it is still only half done (or maybe you have been thinking about it for that long and have yet to write a single word!)
"It's all in my head" is not an acceptable answer when loan officers ask for a copy of your business plan.
A business plan is the foundation for growth and you need to grow now!
You have an opportunity to win thousands of dollars in prizes!

By entering the competition, you will not only be eligible to win thousands of dollars worth of prizes, but all finalists will receive a free year of the IFEL Accelerator membership. Be sure to see our Entry Forms page to download the business plan templates and submission guidelines! We will be offering an array of technical assistance workshops and webinars to guide you along the process of completing your plan.

Website

http://www.ifelnj.org/index.cfm?fuseaction=page.viewpage&pageid=676

Competition Organizer

The Institute for Entrepreneurial Leadership

Local US Event
Newark, NJ
Submission Date

1-14-2013

Business Plan Submission Date

1-14-2013

Awards Date

3-28-2013

Total Prize Cash (US Dollars)

$10,000

Competition Category
  • Business - Local U.S.
  • Women or Minority-owned
Who's Eligible

Business owners that meet the criteria in at least one category are eligible to submit an entry for the IFEL Business Plan Competition: 

Category: For-Profit

Primary business location in New Jersey
51% active ownership by a minority, woman, or veteran OR primary business location in a New Jersey Urban Enterprise Zone
2012 revenue < $1 million
No institutional third party investments (excluding bank financing)

Category: Non-Profit

New Jersey based non-profit with 501(c)(3) status
2012 revenue < $1 million (exclusion for social ventures)

For finalists: all businesses must remain in New Jersey for at least 1 year after the Winner Announcement, or prizes will be forfeited and returned.

Important Dates

Executive Summary submissions due 10/1/12
Executive Summay feedback period 10/8 - 10/19/2012
Business Plan submissions due 01/14/2013
Finalists announced 03/1/2013
Finalist pitch coaching 03/4 - 03/22/2013
Finalist presentations/Winner announced 03/28/2013

Competition Prizes

By entering the competition, you will not only be eligible to win thousands of dollars worth of prizes, but all finalists will receive a free year of the IFEL Accelerator membership. Be sure to see our Entry Forms page to download the business plan templates and submission guidelines! We will be offering an array of technical assistance workshops and webinars to guide you along the process of completing your plan.