5 Reasons To Apply To The $100k New Ventures Competition
Recognized by Forbes as one of the leading business plan contests in the United States, this competition is an opportunity that you do not want to miss. We spoke to some past participants and rounded up their top 5 reasons to enter the $100k New Ventures Competition.
Check out what they had to say:
1) Prize Money
It's no surprise that most teams enter the $100k Competition in hopes of winning some money. After all, prize money is helpful to kick-start any new venture.
Developing connections and partnerships can be a key part of the business process. Participating in the $100k Competition exposes your team and your business to a larger network of well-connected individuals that could help your business grow.
3) Learning Experience
The $100k Competition is a wonderful opportunity to learn and develop the skills and competencies that are essential for creating companies. The application process encourages you to think about each aspect of your business and pitching the business to a panel of judges is a valuable learning experience.
4) Move Your Business Forward
Whether you've been working on your business for a while or your business is relatively new, the $100k Competition will help you build momentum and take your business to the next level.
One-on-one coaching is an invaluable experience and a chance to gain feedback, ask specific questions and receive guidance. All teams that make it to the semi-finals will be assigned a coach. Coaches include faculty, TEC Advisory Board members, and alumni working in startups and established businesses.
Want to learn more about the application process & what to expect as a participant?
Attend the upcoming informational session on Wednesday, January 15th from 12PM to 1PM in the Venture Lab at 574 Boston Ave in Medford. The info session will also include details on the Stephen and Geraldine Ricci Interdisciplinary Prize and the Summer Venture Accelerator.
Deadline to Apply
Applications are open for the $100k New Ventures Competition until January 25, 2020.