NET Entertains National Business Plan Competition

To give environmental technology entrepreneurs the chance to have their business plans analyzed by experts and win money for it, the National Environmental Technology (NET) Incubator in Wilberforce, Ohio, is hosting the first annual National Business Plan Competition.



Prizes including $10,000 for first place, $5,000 for second place and $2,500 for third place will be awarded. The company deemed "Most Likely to be Funded" will have the opportunity to present its plan before a panel of investors at the Energy and Environmental Network's Early Stage Capital Forum in Boston on May 8. In addition, two years of free rent in the NET Incubator will be granted to the finalist with the business plan deemed most likely to succeed, yet not ready for equity funding.



Entrants must be companies — either currently operating or in the formation stage — that have the intent to manufacture or have proprietary enabling technology or software that will allow rapid growth. Companies must have a business plan that demonstrates a clear business model and intent to expand significantly; the business plan must be for a seed, start-up, or early stage venture. In addition, the company described must be organized to do business in their home state as a corporation, partnership, limited liability partnership, or limited liability company.



A distinguished panel of experts will review business plan submissions and give feedback on how to improve companies' models and methods of presenting the plans. A $200 entrance fee applies; participants eliminated before the finals will be reimbursed $150. All entrance materials must be postmarked on or before February 15, 2002. Other eligibility requirements apply. For more information, visit: http://209.190.53.22/competition/incubator.htm