LANSING ? If you’re interested in submitting a proposal to win some of the $30 million up for grabs in the second round of the 21st Century Business Plan competition, here’s the fine print you’ll need to know.
Applicants are required to submit business plan proposals via a web-based award management system at TheMEDC.Org/21CBizPlan Registration is required and should be completed at least one day prior to business plan submission.
An application fee of $500 is required for each proposal and due at the time of submission.
Please check your proposal to make sure you have included all of the specifications in the Request for Proposed Commercialization Business Plans. At a minimum, the proposal must contain all of the items outlined in:
? Business Plan (Section IV)
IMPORTANT DUE DATES
? May 28, 2 p.m. EST: Questions from potential applicants are due via email to email [email protected].
Please note: The Strategic Economic Investment and Commercialization Board, the Michigan Strategic Fund Board, and/or the Michigan Economic Development Corporation staff will not respond to questions that are not received by the above date and time. In addition, questions that are phoned, faxed, sent through regular mail, or emailed directly to staff will not be accepted.
? May 30, 2008, 5:00 p.m. EST: Responses to all qualifying questions will be posted on the MEDC?s website.
? June 4, 5 p.m. EST: Proposals must be received by the SEIC Board.
Proposals must be submitted via a web-based award management system at the MEDC.
? July 11, 5 p.m. EST: Written reviews will be completed.
? July 28 ? August 22, 2008: Oral interviews will be conducted. Applicants who are successful in the written review phase will be expected to participate in oral interviews at a location in Lansing.
? September 10, Award decisions are expected to be announced.
? September 17, Successful awardees must submit all due diligence materials
For more information, click on TheMEDC.Org/21CBizPlan
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