The TowsonGlobal Business Plan Competition is a region wide competition, open to anyone in the Baltimore-Washington area who has an innovative business idea. The goal of this competition is to encourage entrepreneurship, small business growth, and innovation within the region. The winner will receive membership in the incubator valued at $5,000, which includes office space, and mentoring and advisory services, along with a cash prize.
- Competition Organizer
TowsonGlobal Business Incubator
- Submission Date
- Awards Date
- Total Prize Cash (US Dollars)
- Competition Category
- Graduate - Local U.S.
- Undergraduate - Local U.S.
- High School - Local U.S.
- Business - Local U.S.
- Social Entrepreneurship
- Technology - Green
- Technology - Other
- Women or Minority-owned
- Specialized Industries
- Who's Eligible
Entrants must meet the following criteria:
Pre-start up or early stage innovative businesses or entrepreneurs from the Baltimore-Washington, DC, region (including university faculty, staff and students and the broader community)
A fairly well developed idea or technology
An interest in receiving practical support to develop the business and open to considering new ideas and suggestions from external advisers
In compliance with all federal, state, and local laws/regulations
Entrants may be submitted by individuals or teams (no minimum or maximum for the amount of people involved)
Entries generating revenues are allowed to compete, as long as annual revenues do not exceed $500,000. Companies exceeding $500,000 in annual revenues are not eligible.
Entries receiving institutional investment from venture capital firms or related professional investors are not eligible. Entries receiving limited grant funding, such as SBIR, TEDCO, or DBED grants, are eligible provided that funding does not exceed $500,000.