Fairview startup biz plan competition finals Tuesday

Five finalists will square off on Tuesday to determine the winners of the 2011 Startup Business Plan Competition sponsored by the Fairview Technology Center.

Finalists are 490 BioTech, a life sciences company; GoGrabLunch.com, a business contact management web site; MYU Daily, a news, commentary and entertainment web site; PajamaGardener.com, an online garden suppplies web site; and SytLogic, a business services software company.

The event will be held at the Knoxville Chamber, 17 Market Square.

Each startup company will pitch their ideas to a panel of business experts starting at 2:30 p.m. The panel will evaulate the presentations and announce a winner around 5:30 p.m..

First and second place prize packages valued at $23,000 and $8,000, respectively, include free rent at the Fairview business incubator, complimentary consulting and other services.

The competition was launched several years ago to encourage development of new businesses and create jobs.

More on the business plan competition.

More on Fairview Technology Center