|Business Plan Competition 2019-20|
What is the Berks Business Plan Competition?
It’s an opportunity to launch your business and foster entrepreneurial activity in Berks County.
Who can participate?
Undergraduate and graduate students currently or recently (within the past three years) enrolled at Penn State Berks. Individuals or teams can enter the competition. Over half of the team participants must be current or recent students from one of the approved institutions.
What kinds of businesses can participate?
Non-profit, for-profit and social enterprise businesses may compete.
What’s the process?
The higher-education institutions in Berks County will select their top three candidates. They will be vetted to identify 8 to 10 businesses that will move on to the Business Pitch Competition. Each of these businesses will be enrolled in an Entrepreneur Academy, which will offer help in developing a “Pitch Video” as well as assistance creating a detailed business plan, identifying marketing strategies, and offering financial and legal advice.
What are the benefits of participating?
In addition to the benefits of the Entrepreneur Academy, three teams will be awarded $20,000 in seed capital to support their business at the Business Pitch Competition. Winners will also receive one-year access to office space and support services at the GRCA Center for Business Excellence and the opportunity to participate in the Ben Franklin Technology Partners Big Idea Competition. All Business Pitch participants will have the opportunity to seek crowdfunding for their enterprise.
What is the time frame?
Submit your application by December 4th. Top teams will have a short interview on Wednesday, December 11th during the common hour. The top three competitors to move on the second phase of the competition will be identified by December 15th. From this group, 8 to 10 businesses identified to participate in the Entrepreneurs Academy during the Spring of 2020. The actual business pitch competition & awards, a public event, will be on April 2020.
How to Apply?
Download the application Guidelines and follow the recommended guidelines to submit your application by 5:00pm on December 4th, 2019.