March 17, 2015

Business Plan Challenge attracts 248 entries

A record 248 entries flowed into the 17th annual Miami Herald Business Plan Challenge by the deadline on Monday, making it the biggest year yet for business plan entries.

If you entered the Challenge and did not get a confirmation email from Nancy Dahlberg or have a question about whether your entry was received, please email her at ndahlberg@miamiherald.com and put Challenge in the memo line.

Education was a big trend in the contest this year, with ideas for apps, services, classes, books, videos and more. Food and fashion continued to draw a lot of interest, as did technology and plans with a social mission. This year there were also ideas and young businesses tied to South Florida’s biggest industries – real estate, construction and tourism – and this year drew more healthcare-related ideas than years past. The contest attracted entrepreneurs of all ages, including a number of people from the corporate world ready to make the jump into entrepreneurship for the first time.

Next the plans go to the Business Plan Challenge judges, who are serial entrepreneurs, investors, executives, advisors or professors in the field of entrepreneurship. The semifinalists in each of the three tracks – Community, FIU and High School – will likely be announced in Business Monday March 30. After that, finalists will be announced and a People’s Pick video contest launched on MiamiHerald.com. In that contest, finalists will present their elevator pitches and readers and views will determine the winners.

The judges’ winners in all three tracks, including an overall Challenge Champion, and the People’s Pick winners will be announced and profiled in a special section of Business Monday on April 27. The Business Plan Challenge is sponsored by Florida International University’s Pino Global Entrepreneurship Center.

Follow @ndahlberg on Twitter.

 

March 16, 2015

Last hours to enter the Business Plan Challenge: Do you have what it takes?

Bootcamp artWill you be the next winner of the Miami Herald Business Plan Challenge? Entries are due at midnight Monday.

So put those final touches on your short business plan and email it in. Don’t forget to include highlights of all the business plan basics such as concept, target market, team, business model, growth, marketing and financial strategies. Tell us what differentiates your product or service from the competition, why it’s needed in the marketplace and why you are the one to execute the plan. If you entered before and didn’t win, you can update your plan and try again.

Your plan will be judged by a panel of angel and venture capital investors, serial entrepreneurs and senior executives, and the top six finalists in the Community and FIU tracks will also participate in our online popular contest. The top three winners in each track and the People’s Picks will be profiled in a special section of Business Monday.

Ready to take the Challenge? Here is your survival guide:

Who can enter: Entrepreneurs with businesses less than 2 years old or with business ideas. There is a Community Track, FIU Track and High School Track.

What to enter: Up to a three-page business plan (one additional page for charts or photos is allowed).

Entry deadline: 11:59 p.m. March 16

Email entries to: Challenge@MiamiHerald.com (for the Community Track), FIUchallenge@MiamiHerald.com or highschoolchallenge@MiamiHerald.com. You should get a confirmation your entry was received. If you do not, email ndahlberg@miamiherald.com.

Contest rules, judges’ bios, other info: MiamiHerald.com/challenge

Questions: ndahlberg@miamiherald.com

 

March 13, 2015

Business Plan Challenge: Your questions answered

Planning to enter the Business Plan Challenge? We will  answer your questions here.

We offer three tracks to win our contest, which is sponsored by the FIUPinoGlobalEntrepreneurshipCenter: a community track, open to all South Floridians, an FIU track for its students and alumni, and a high school track. You can enter our contest with a business idea or an existing business if it is not more than two years old. The deadline is March 16.

Find rules and other information for the Challenge atMiamiHerald.com/challenge.

Here are some questions I have received (I will include the most recent ones first and continue to add as I get more).

Q: I am entering the High School Track. The guidelines say one and two page entries are fine in the high school track, but can it be three pages?

A. Thank you for your question. Yes, your plan can be up to three pages and you may have an addendum page for a chart or photo if you wish -- the same rules as the Community Track. Good luck to you!

Q. I am an FIU alum and a proud Miamian. Can I enter both the FIU and Community Tracks?

A. No, we're sorry: Pick one. The FIU Track typically receives fewer entries, but the choice is yours. To be eligible for the FIU Track, at least one team member needs to be a current FIU student or alumnus.

Q. I incorporated my business in 2012 but didn't launch it until December 2013. Am I eligible?

A. Yes, to be eligible, your business can't be more than 2 years old, and we look at the time you opened your door or launched online. By the way, in our contest, business ideas are welcome too!

Continue reading "Business Plan Challenge: Your questions answered" »

March 08, 2015

Last week to enter the Business Plan Challenge

Will you be the next winner of the Miami Herald Business Plan Challenge? Entries are due next Monday.

So put those final touches on your short business plan. Don’t forget to include highlights of all the business plan basics such as concept, target market, team, business model, growth, marketing and financial strategies. Tell us what differentiates your product or service from the competition, why it’s needed in the marketplace and why you are the one to execute the plan. If you entered before and didn’t win, you can update your plan and try again.

Your plan will be judged by a panel of angel and venture capital investors, serial entreprenreurs and senior executives, and the top six finalists in the Community and FIU tracks will also participate in our online popular contest. The top three winners in each track and the People’s Picks will be profiled in a special section of Business Monday.

Ready to take the Challenge? Here are the basics:

Who can enter: Entrepreneurs with businesses less than 2 years old or with business ideas. There is a Community Track, FIU Track and High School Track.

What to enter: Up to a three-page business plan (one additional page for charts or photos is allowed).

Entry deadline: 11:59 p.m. March 16

Email entries to: Challenge@MiamiHerald.com (for the community track), FIUchallenge@MiamiHerald.com or highschoolchallenge@MiamiHerald.com. You should get a confirmation your entry was received. If you do not, email ndahlberg@miamiherald.com.

Contest rules, judges’ bios, other info: MiamiHerald.com/challenge

Questions: ndahlberg@miamiherald.com

Your questions answered

Q. I am an FIU alum and a proud Miamian. Can I enter both the FIU and Community Tracks?

A. No, we’re sorry: Pick one. The FIU Track typically receives fewer entries, but the choice is yours. To be eligible for the FIU Track, at least one team member needs to be a current FIU student or alumnus.

Q. Is a cover sheet counted in the page limit?

A. No, but it isn’t necessary. Our judges will judge the written plan.

Q. Can high school finalists participate in the video contest?

A. While the People’s Pick video contest is open to the Community and FIU Tracks, we will invite the winner or winning team of the high school track to make a video of the winner’s elevator pitch in our studio if they wish. It won’t be mandatory, but we will proudly feature it on MiamiHerald.com.

By the way, we don’t have any entries in the high school track yet — your odds are very good. College counselors have told me that being a winner or finalist in the Challenge sure looks good on college and scholarship applications!

Q. I incorporated my business in 2012 but didn't launch it until December 2013. Am I eligible?

A. Yes, to be eligible, your business can't be more than 2 years old, and we look at the time you opened your door or launched online. By the way, in our contest, business ideas are welcome too!

Don't see your question answered here? More Q&As are on MiamiHerald.com/challenge, or you can email ndahlberg@miamiherald.com and put Challenge in the memo line.

 

March 04, 2015

5 reasons to enter the Business Plan Challenge & your questions answered

You have less than two weeks left to participate in the 2015 Miami Herald Business Plan Challenge. If you are on the fence about whether to enter, here are five reasons to get moving:

1. Motivation. You’ve been meaning to write a business plan — this might just be that kick in the behind you need. Or perhaps you have a plan but need to refine your short version — those are in vogue this year. Whether you are entering the Community Track, open to all of South Florida, the FIU Track open to students and alumni of that university, or the High School Track, which is also open to eighth-graders this year, entering the Challenge will help you get moving.

2. Publicity. If you are one of the top three winners in each track or the “People’s Pick,” you will be profiled in a special section of the Miami Herald’s Business Plan Challenge announcing the winners. If you are in the top six in the Community or FIU Tracks, you will participate in the People’s Pick, our popular video contest hosted on MiamiHerald.com. We also announce our first cut, the semi-finalists, to keep the interest going. Social networking is a key component of our contest. Next year, we will look back on our winners and we follow them for years to come.

3. Feedback and education. I will share feedback from the judges with you if you request it, whether or not you are a finalist. If you are chosen for the aforementioned People’s Pick contest, that’s a terrific opportunity to polish your elevator pitch. If you are entering the High School Track, winning sure looks good on a college application. Also, winners receive free admissions to Florida International University entrepreneurship workshops and webinars so the learning will continue.

4. Exposure and connections. It can’t hurt to have your plan read by South Florida’s top entrepreneurial experts, including serial entrepreneurs and investors (judges’ bios are on MiamiHerald.com/challenge). Sometimes long-lasting mentorships are developed. Some winners have been introduced to investors or potential partners; others gained key customers. If you are one of the winners, you will also be honored at a luncheon with the judges and business staff and at FIU’s Hall of Fame reception. FIU’s Pino Global Entrepreneurship Center is our sponsor.

5. Pride. I know you’re passionate about your concept — and aren’t you just a wee-bit competitive?

The deadline is March 16. Contest rules are on MiamiHerald.com/challenge.

If you entered last year and weren’t one of the top three winners, regroup and try again. Business ideas in the dream stage are fine for this contest. Class projects are welcome, and we love high school entries.

Do you have questions? Email ndahlberg@MiamiHerald.com

Your questions answered:

Q. Is there a required template I should follow for my entry?

A. The short answer is no. Your entry is a three-page business plan, with one additional addendum page allowed for a chart or graphic, and we allow people the freedom to format it as they would like. But we suggest you consider including all or most of this information: brief product or service description, problem it is solving in the market (market need), a little about your target market and competition, relevant experience of your team, your business model (how you will make money) and how will you scale it, your marketing strategy and some financials, for example your startup costs and three years of projections. Keep each section brief — bulleted items are your friend. Many contestants use their extra page for their financial chart.

Some people download templates for business plans (easily found in a Google search) and include the categories most relevant. Some use an executive summary they already have written and add to it. People who already have investor decks have the information in a concise way — just put it into a 3-page word doc and you are done. Creative graphic presentations are fine, too. If you are starting from scratch, good for you! You have probably been meaning to do it anyway, and it will be a roadmap you can continue to update in months and years to come.

Missed our Business Plan Bootcamp? See our recap and full video here on MiamiHerald.com/challenge.

Q. Why the three-page limit?

A. Short business plans are in vogue, actually. In today’s day and age, investors (and judges) want the information fast and brief and will ask for more info as they need it. They say that in real life, if you don’t capture their attention in the first page or even the first paragraph, they will move on.

Pro tip: Ask someone who doesn’t know anything about your business or business concept to read your plan, or at least the first few paragraphs, to make sure they understand it.

Also, though our judges are almost super-human, we can’t ask them to judge dozens of full business plans.

See more Q&As here on MiamiHerald.com/challenge

 

February 21, 2015

Business Plan Bootcamp: Focus, share, test, learn

 

 

By Nancy Dahlberg / ndahlberg@miamiherald.com

Focus on customer experience first. Share your idea widely to gain valuable feedback. Start building your network and never stop learning.

A panel of serial entrepreneurs and investors — most were both — shared that advice and more with 325 attendees at the Miami Herald’s Business Plan Bootcamp Wednesday night at Miami Dade College. The bootcamp was held in conjunction with the

2015 Business Plan Challenge, the Miami Herald’s annual entrepreneurship contest that is open for entries until March 16.

Panelists included Melissa Krinzman, co-founder of Krillion Ventures; Steven McKean, serial tech entrepreneur and startup advisor; Benoit Wirz, director of venture investments for the Knight Foundation; Leandro Finol, executive director of Miami Dade College’s Idea Center; and Adam Smith, partner at Medina Capital.

What do they look for when they are reviewing business plans?

"What’s the problem you are trying to solve but also how do you know it is a real problem, what’s the evidence?" Wirz said. "What is it about you, specifically the team, that makes me believe you can solve that problem? As a general rule, the more competitive the space, the more important it is you have a very specific background that gives you an unfair advantage."

Wirz also looks for a plan for how customers find out about your product. "If you have some secret hook, an advantage you can leverage, that’s great," Wirz said. Be sure to show evidence of product-market fit, added McKean.

Krinzman and McKean, veteran Business Plan Challenge judges, also advised paying attention to the storytelling. Said Krinzman: "You have to remember that there is a person reading the plan, and we need to be interested. ... Work hard on your first paragraph and define the problem you are solving: why should we care, why should we keep reading, and do we understand what you are talking about. Share at least your first couple of paragraphs with someone who doesn’t know your business and see if they understand it."

Include financials in your plan, but be realistic and include assumptions. A photo or rendering is good to include, particularly if you are a product company. In live pitches, product demos are effective, Smith said. If you get to the finalist stage of the Challenge, you will be presenting your elevator pitch on video.

Advice on starting a business came pouring out. "If you are small and don’t have a lot of capital, go after a small but growing market and think about world domination later," Finol sad. In selecting your idea, follow your passion and do it because you love it, he said. "Branding is important but focus on user experience first," Finol added. Focus on the why — why should customers tell others to use your products. The branding will evolve."

Wirz said in most cases entrepreneurs shouldn’t be so secretive: "Tell everyone about your idea, and get feedback. The more feedback the stronger your idea will become and the more ready you are to build your business."

If you are a first-time entrepreneur, you can establish some credibility through social proof, said Krinzman. One way to do this: Create a board of advisors of people who believe in you and have credibility in your category or can add value.

When capital raising, do your homework and target investors in your industry or sector, Smith said. It sounds obvious, but the investors said the great majority of emails they receive are not fits. If you do get in the door, "don’t be defensive, you are going to be challenged, and you can’t have all the answers so don’t worry about that," said Smith. "Be engaging and conversational and you will get through it."

Get introduced the right way. Get active on LinkedIn and build your networks, McKean said. It’s a relationships game.

The good news on that front: Thanks to the Knight Foundation and others, South Florida’s entrepreneurial ecosystem has evolved. "It’s an ecosystem that is very open and if you are part of it, opportunities will come to you as well. More doors will open," Finol said.

A not to be missed event, particularly if you are in tech, is the eMerge Americas conference coming up in May. A sampling of other resources mentioned by the panelists (get on their mailing lists): Refresh Miami (refreshmiami.com), the largest meetup group for early stage entrepreneurs; The LAB Miami (thelabmiami.com), a co-working space in Wynwood with many events; and AGP (AGPMiami.com), an active angel network. For companies much further along, there’s Endeavor Miami (endeavormiami.org) providing mentorship and support. Take advantage of local resources and follow the Starting Gate blog (on MiamiHerald.com/business).

Some recommendations on other blogs, books and websites from the panel: The Hard Thing about Hard Things, by Ben Horowitz, Brad Feld’s books on capital raising, blogs by well-known investors such as Fred Wilson (http://avc.com/) and Mark Suster (http://www.bothsidesofthetable.com/); and Eric Reis’ The Lean Startup, particularty if you are a tech company. Pitchenvy.com is an enviable collection of investor decks, and there’s "How to get an investor to say yes," by Adeo Ressi (https://www.youtube.com/watch?v=3tzef-oKee0).

"Over the winter break I went through "How to Start a Startup" by YCombinator’s Sam Altman (http://startupclass.samaltman.com/). It is free and it is unbelievable," said Finol.

Listen to podcasts. Smith suggests Jason Calacanis’ "This Week in Startups" podcast (http://thisweekinstartups.com), which includes a new series for his Launch incubator with great speakers. Another is "Startup," a series by Gimletmedia (http://gimletmedia.com/show/startup/)

At eMerge Americas last year, Manny Medina interviewed Pitbull; an amazing and enlightening interview worth watching, the panelists said (watch it here).

Just getting started? Finol said the Idea Center, theideacenter.co, offers a workshop on design thinking every month that will help you create, refine, validate and test innovative ideas. After the Bootcamp, he suggested  this template  may also help -- start with the pains and gains sections.

"Find mentors who have been there before to help get you there faster," McKean said. "Your ability to grow a company will be dependent on of how fast you are able to learn. The fastest learning will come from who you surround yourself with."

 

 

DSC_0022

Panelists were Melissa Krinzman, co-founder of Krillion Ventures; Steven McKean, serial tech entrepreneur and startup advisor; Benoit Wirz, director of venture investments for the Knight Foundation; Leandro Finol, executive director of Miami Dade College’s Idea Center; and Adam Smith, partner at Medina Capital.

DSC_0072

Follow Nancy Dahlberg on Twitter @ndahlberg and find rules, tips, a Q&A and other resources for the Business Plan Challenge at MiamiHerald.com/challenge.

Posted Feb. 21, 2015

February 11, 2015

Business Plan Bootcamp speakers announced; sign up today

Real advice, no fluff: That’s what experts at the upcoming Miami Herald Business Plan Bootcamp promise to deliver.

Krinzman__2__3_1_SJ1TVKKK_L54772747The free event on Feb. 18, held during the Miami Herald Business Plan Challenge entry season, will help entrepreneurs getting started in their businesses as well as those who are further along. “Whether you’re applying to the Business Plan Challenge, raising investment capital or thinking about raising capital, the Bootcamp is not to be missed,” says Melissa Krinzman, who will lead a panel discussion with advice on what elements make a winning short business plan, as well as do’s and don’ts when pitching investors.

Krinzman, who has been a judge for the Business Plan Challenge for 10 years, is co-founder and managing partner of Krillion Ventures, a $50 million venture capital fund that invests in emerging technology companies at the seed and venture stages. She is also the founder of Venture Architects, a business planning firm that positions early and growth-stage companies for success in the capital-raising process. Since 1998, Venture Architects has worked with more than 900 companies that have raised more than $1 billion in investment capital.

Leandro Finol

Her panel of experts will include:

Leandro Finol, a serial entrepreneur, investor and professor. His first business in the United States was DIREC4U, a company that was formed with very little capital, grew to $76 million in revenue in six years and was sold in 2007. He has recently joined MiamiDadeCollege as the executive director of the IdeaCenter, where he will work to bring innovation, creativity and entrepreneurship to the institution and community. Finol will also be a judge in the Business Plan Challenge High School Track.

  Steven McKean
Steven A. McKean, who specializes in starting and scaling technology companies. Most recently, he was CEO of Acceller, a company he founded and grew to 300 employees before merging with Bridgevine in 2014; he is vice chairman of the combined company. He also co-founded Animusoft and advises early stage companies in team-building, culture, financing and marketing. McKean is a veteran Business Plan Challenge judge in the Community Track.


Adam SmithAdam T. Smith, a partner at Medina Capital. Smith has more than 17 years of experience as a legal executive with expertise in managing global legal affairs, corporate securities, technology contracting and mergers and acquisitions. He is responsible for sourcing potential investment opportunities and providing Medina Capital’s portfolio companies with strategic advice with business development, mergers and acquisitions, corporate governance, intellectual property protection, contracting and all legal issues.

 *BenWirz Benoit Wirz, director of venture investments at the John S. and James L. Knight Foundation. Wirz manages the Knight Enterprise Fund, a venture fund investing in early stage startups that improve access to quality, useful information. He also helps advise the nonprofits in Knight’s portfolio around issues of sustainability and growth. Prior to Knight, he was a partner with US Global, where he invested in and developed energy, manufacturing and technology companies.

The bootcamp will be 6:30 p.m. to 8:30 p.m. Feb. 18 (check in at 6:15) in the ChapmanConferenceCenter at MiamiDadeCollege’s downtown Miami Wolfson campus (300 NE 2nd Ave., Building 3, Room 3210). The program will start promptly. There is free parking in the MDC lot at 500 NE 2nd Ave. (entrances are on NE 5th and 6th Streets).

There is no cost but space is limited so registration and required. Register here: http://hrld.us/bootcamp. If you have a question, please email ndahlberg@miamiherald.com and put bootcamp in the subject line.

Be sure to come with your questions: There will be plenty of time for Q&A.

Follow Nancy Dahlberg @ndahlberg on Twitter.

HOW TO ENTER THE CHALLENGE

You have five weeks left to enter the 17th annual Miami Herald Business Plan Challenge, our annual contest to showcase South Florida’s entrepreneurial might.

If you have a business idea or your startup is under 2 years old, submit your entry in the form of a three-page business plan. There are three ways to win: a community track for all South Floridians, an FIU Track for students and alumni of that university and a High School Track.

See the contest rules and tips for preparing your entry, find judges’ bios, questions and answers and more information on MiamiHerald.com/challenge. Deadline: March 16. Good luck!

January 26, 2015

2015 Business Plan Challenge opens for entries: The lowdown

 

Bizplan-challenge

South Florida entrepreneurs, this is your time to shine!

Today we are launching our 17th Miami Herald Business Plan Challenge, our annual celebration of South Florida innovation in one of the most entrepreneurial regions in the nation. If you have a business idea or an operating startup that is less than two years old, you can enter.

Sponsored by the Pino Global Entrepreneurship Center at Florida International University, our contest welcomes business plan entries from any industry. There are three tracks — a Community Track, open to all South Floridians; an FIU Track, open to students and alumni of that university; and a High School Track, co-sponsored by the Network for Teaching Entrepreneurship.

Don't let the name of the contest scare you: We don’t want long, laboriously detailed business plans. That’s because today's investors in very early-stage companies want to see a succinct presentation of your concept and how you plan to turn it into a success. So do we.

Your entry may be up to three pages, and you may attach one additional page for a photo, chart or diagram if you wish. Think of it as a meaty executive summary. Experts in all aspects of entrepreneurship — serial entrepreneurs, executives, investors, advisors and academics (see their bios here on MiamiHerald.com/challenge) — will judge your short plan.

Judges will be looking at your product or service's value to the customer, the market opportunity, business model, management team and your marketing and financial strategies. Define the problem your business or business idea is solving, clearly explain your solution, and provide tangible details as to why— and how — you can make it a success. See the contest rules on MiamiHerald.com/challenge here.

Your entry is due by 11:59 p.m. March 16. Entries should be sent to challenge@MiamiHerald.com, fiuchallenge@MiamiHerald.com or highschoolchallenge@MiamiHerald.com.

Need help? On Feb. 18, we’ll host a free Business Plan Bootcamp, where Challenge judges Melissa Krinzman, co-founder of Krillion Ventures, and Steven McKean, serial entrepreneur in the tech space, Adam Smith of Medina Capital and other entrepreneurial experts will shed light on what should be in your business plan and share tips on pitching to investors. Register through this link: http://hrld.us/bootcamp.

And think of MiamiHerald.com/challenge as your base throughout this contest, as we'll be bringing you advice and answering your questions. You can email your questions to ndahlberg@MiamiHerald.com (please put challenge in the subject line). Follow @ndahlberg on Twitter.

The top six finalists in the Community and FIU Tracks will present their 90-second elevator pitches for our popular weeklong video contest in early April on MiamiHerald.com. We will also unveil semifinalists and finalists to keep the suspense building.

On April 27, in a special section of Business Monday, we will annouce and profile the winners — the judge's top three selections in each track plus the People’s Pick winners. DonorCommunity, PassTheNotes, AdMobilize, DeliverLean, WedWu, JustAskBoo and Baby Abuelita are just a few of the past winners in recent years — so this year’s winners will be in good company. What do winners win? Valuable exposure in the Miami Herald (we cover our winners’ progress for years to come), connections and mentorship.

Today we are looking back on the entrepreneurial journeys of our 2014 winners. Funding was a challenge for all, and many spent much of the year developing (or redeveloping) their platforms. Throughout the entry period, we’ll also look back on a few winners from the past 16 years.

You have seven weeks. May the best plans win. Go!

Related

Meet the Judges

Free Business Plan Bootcamp set for Feb. 18

2014 Community Track winners have listened, improved, expanded

2014 FIU Track winners reached out to broader markets, refined their technology

2014 high school winners made a game of learning language skills

Posted Jan. 26, 2014

January 24, 2015

Sign up now for Miami Herald Business Plan Bootcamp Feb. 18

OK, I am usually posting other people's entrepreneurship-related events on this blog but here is one of mine. Hope you can make it! 

Want expert advice on crafting a short business plan and pitching your company to investors? Mark your calendars and sign up for our free Miami Herald Business Plan Bootcamp.

Melissa Krinzman, co-founder of Krillion Ventures, which invests in early-stage tech-enabled companies, will moderate a panel of investors and entrepreneurial experts. Confirmed speakers include serial entrepreneur Steven McKean, who is the former CEO of Acceller, Adam  Smith, a partner in Medina Capital, a private-equity fund for growth-stage companies, Benoit Wirz, director of venture investments for the Knight Foundation, where he manages the Knight Enterprise Fund, and Leandro Finol, entrepreneur, investor and director of Miami Dade College’s new Idea Center.

 

This bootcamp is ideal for people planning to enter the Miami Herald Business Plan Challenge (deadline March 16; more details on Miamiherald.com/challenge) as well as for other startup entrepreneurs and those planning to start businesses.

There will be plenty of time for Q&A with the audience so bring your questions.

The bootcamp will be Wednesday, Feb. 18, from 6:30 to 8:30 p.m. at Miami Dade College’s Chapman Conference Center on the Wolfson Campus. There's no charge for the event but space is limited, and registration is required. Sign up for the Business Plan Bootcamp at http://hrld.us/bootcamp.

Questions? email ndahlberg@MiamiHerald.com and put bootcamp in the subject line.

 

January 06, 2015

Business plan competition season opens -- are you ready?

It's Business Plan Contest season. Here are a few on the horizon. The first one, the Idea Center Startup Challenge, is open to Miami Dade College students (all 165,000 of you!) but the other two are open community-wide.

1. The Idea Center Startup Challenge -- January 6 through January 30, 2015

Are you an MDC student with a great idea for a new business or product? Ready to go from idea to reality? Entering the Startup Challenge is easy! All you need to start is a 60-second video pitching your idea. Open to Miami Dade College students of all disciplines and at all campuses. Win $5,000 as seed money toward your venture.

For more information and to enter, please visit: theideacenter.co/startup

2. FAU Business Plan Competition -- first deadline for entry is Feb. 15, 2015

All students, faculty and members of the community may be eligible to participate in this annual competition. Teams participating  can network with venture capital principals, early stage angel investors, successful entrepreneurs and  business leaders who will serve as competition judges. There is a substantial prize pool too.

For more information: http://business.fau.edu/centers/adams-center/business-plan-competition/index.aspx#.VKvzea10wuQ

3. Coming soon: 17th Annual Miami Herald Business Plan Challenge -- opens Jan. 26, 2015; submission deadline is March 16

Take the Challenge, even if you are entering another competition as well Your short business plan could wow our judges. There will be a community track open to all, an FIU track open to students and alumni and a track open to grades 8-12. Full info will be available Jan. 26 and thereafter on MiamiHerald.com/challenge. (Questions? I will be coordinating this again so you can always email me at ndahlberg@miamiherald.com

Posted  Jan. 6, 2015