Tuesday, March 10, 2009

Rochester Business Plan Contest 2009


Rochester, NY - High Tech Rochester announces that the 2009 Rochester Regional Business Plan Contest opens today and is now accepting applicants.

The contest is a collaborative effort among community organizations including Digital Rochester, Greater Rochester Enterprise, Nazareth College School of Management, Rochester Institute of Technology, and the University of Rochester Simon Graduate School of Business.

This year's event offers contestants a chance at winning over $50,000 in cash and business service prizes, including a 1st place cash prize of $25,000. All finalists will receive a customized prize package, as well as significant exposure to the business and investment communities.

"The Rochester Regional Business Plan Contest is a marquee event that showcases the innovation and entrepreneurial spirit that permeates our region", said James Senall, president, High Tech Rochester. "The Rochester community was built on the successes of several pioneering entrepreneurs, and this contest can serve as a launching pad for our next generation of business leaders."

The contest is open to for-profit companies headquartered in the Greater Rochester region (Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming, and Yates Counties). Companies should have a scalable business concept with high growth potential. Companies must be early-stage defined as: 1) Less than $250,000 of outside cash investment, and 2) Less than $500,000 cumulative revenue, excluding research grants.

New for this year, the contest winners will be announced at the 1st annual "Celebration of Entrepreneurship" Luncheon on May 15th. At this gala event, several other entrepreneurial successes from the past year will also be recognized.

The contest features a series of workshops beginning on March 18th to help prospective entrepreneurs create the best possible plan. Contest registration ends on April 3rd, and executive summary submissions will be due on April 6th. Winners will be selected by a panel of judges prior to the luncheon on May 15th. Applications and Contest Guidelines are available online at HTR's website.