The Fairview Technology Center business incubator is looking for the next great business idea and is now accepting entries for the 2011 Startup Business Plan Competition.
The contest is open to anyone with a business idea. Entry applications are due by April 14.
First and second place prize packages valued at $23,000 and $8,000, respectively, include free rent at the business incubator, complimentary consulting and other services.
Winners will be selected by a panel of experts based on business plans deemed to have the most potential for local job creation and growth.
“What we want to do is identify some entrepreneurs that are out there that maybe with some additional help can develop a viable business,” said Todd Napier, executive vice president of The Development Corporation of Knox County, which owns the technology center.
This is the third year Fairview has sponsored a business plan competition. Napier expects at least 15 to 20 entries.
“We’ll narrow that down to 10 semi-finalists who will go through a four-week training class,” Napier said.
At the end of the classes, semi-finalists will prepare business summaries which will be evaluated by a panel of experts who will pick five finalists.
Finalists will make presentations on June 9.
Click here for complete 2011 competition rules and entry guidelines.