ANN ARBOR ? Registration for Phase-1 of the Great Lakes Entrepreneur’s Quest Business Plan Competition closes on Nov. 7, but teams have until Dec. 15 to submit their five-page executive summary.
Twenty seven companies are already registered in the competition. This year, the top ?Emerging Company? in the statewide competition will be awarded $25,000. Recently, nine alumni of the GLEQ program captured over $17 million in awards from the 21st Century Jobs Fund.
The GLEQ provides technology networking opportunities, business coaching and commercialization plan feedback. The Quest is structured into two distinct maturity ?paths?. Companies with developed businesses compete in the Emerging Company (EC) path, while more embryonic teams compete in the New Business Ideas (NBI) path. Both EC and NBI plans are assessed by representatives from each of the state?s venture capital firms and in partnership with the Michigan Venture Capital Associate.
In Phase-II of the competition, EC teams must submit an eight to 12 page business plan, while the NBI teams must submit a five page executive summary describing their business or business idea. The GLEQ provides the help of coaches and educational programs to assist all entrepreneurs with their business plans. Each receives multiple written feedback reports.
In addition to the top awards, Innovation Awards will be sponsored by Automation Alley and NextEnergy. The Innovator Awards support each sponsor?s specific organizational goals in the form of investment.
To register for Phase I, GLEQ.Org
