STATE COLLEGE, Pa., Feb 21, – The Ben Franklin Venture Investment Forum in partnership with the Ben Franklin Technology Partners of Central and Northern PA announced today there is only one week left to apply for the BIG IDEA Business Plan Contest! A grand prize of $50,000 will be awarded to one tech-based startup company to further develop and grow a business in the 32-county footprint served by the program in Pennsylvania.
It's easy to qualify for the contest. An applicant must:
-- Be located in the 32 counties served by the program (See http://www.cnp.benfranklin.org for a full listing of eligible counties)
-- Have a new, marketable business idea that includes a commercialization plan
-- Have no significant sales if a product has already been developed
-- Have less than 50 employees if a company has been formed
-- Cannot have received previous BFTP funding.
Not sure what tech-based means? Preferred industry sectors include, but are not limited to, nanotechnology, green technologies, alternative energy, advanced manufacturing, advanced materials, medical devices, information technology and software.
Entrepreneurs can visit http://bigidea.benfranklin.org for a complete description of the rules, entry forms, and FAQs. Time is running out! The deadline for applications is February 29, 2012.
Jill Edwards, Executive Director of Ben Franklin's Venture Investment Forum, commented, "If you have always wanted to start your own tech business, this contest is a great opportunity. A simple on-line summary gets you started!"
About Ben Franklin Technology Partners
Ben Franklin Technology Partners CNP, an initiative of the Pennsylvania Department of Community and Economic Development and funded by the Ben Franklin Technology Development Authority, provides investment capital and business support services to emerging tech-based companies and small, existing manufacturers for the purpose of creating and retaining jobs in Pennsylvania. Contact the central office of Ben Franklin in University Park at (814) 863-4559 or see our website at www.cnp.benfranklin.org .
Source: Ben Franklin Technology Partners CNP