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Registration opens for 2014 business plan contest

Rochester Business Journal
January 7, 2014

Registration has opened for the 2014 Regional Business Plan Contest, which is aimed at encouraging entrepreneurship and rewarding new ventures and startups in the Finger Lakes Region.

The contest is a platform for early stage for-profit companies to inform company leaders of the components of a viable business plan and how to present successfully such a plan to investors. The process takes four weeks.

Local area business leaders and entrepreneurs will lead workshops, offering participants feedback on developing business concepts from their first-hand experiences. Registration opened Monday and continues through Jan. 24.

The registration fee for each company is $150, which includes participation of two company representatives in preparatory workshops. The application is available at www.htr.org.

Workshops begin Jan. 29 and run through Feb. 19. Semifinalists are to present their plans in March and finalists will be selected in April, HTR officials said. The first place winner receives $25,000 in cash in addition to marketing and business incubation services. The finalists present their plans on May 2 before the 6th Annual Celebration of Entrepreneurship Luncheon.

Second and third-place winners receive smaller amounts of cash and services, and the runners-up receive marketing and business services.

The Rochester Regional Business Plan Contest is open to for-profit companies with headquarters in the nine-county Finger Lakes Region:  Monroe, Genesee, Livingston, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates counties.

Students enrolled in a college or university within the region also are eligible to enter. Prior first-place winners of the contest are not eligible to compete.

In 2013, 46 companies entered the contest, an increase of more than 50 percent increase over the 30 companies entered in 2012.

“If innovation is the lifeblood of economic growth in the 21st century, then the Rochester region is poised for great health and long life,” said James Senall, president of High Tech Rochester Inc., the local organization that coordinates the contest. “We fully expect a large number of entrees for 2014 as we believe entrepreneurship is alive and well in the Rochester region.”

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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