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College seeks entrepreneurs for GRCA Business Plan Competition

by Penn State Berks

Nov 12, 2019
Entrepreneurs & Business

As part of its commitment to promote entrepreneurship, Penn State Berks is inviting prospective entrepreneurs to compete in the Greater Reading Chamber Alliance Business Plan Competition. This is an opportunity for current Penn State Berks students and alumni who graduated within the past three years to launch their business, while promoting entrepreneurial activity in Berks County. Individuals or teams can enter the competition.

Each of the institutions of higher education in Berks County will select their top three candidates for the competition. The teams will be vetted to identify 8 to 10 businesses that will move on to the Business Pitch Competition. Each of these businesses will be enrolled in an Entrepreneur Academy, which will offer help in developing a “pitch video” as well as assistance creating a detailed business plan, identifying marketing strategies, and offering financial and legal advice.

In addition to the benefits of the Entrepreneur Academy, three teams will be awarded $20,000 in seed capital to support their business at the Business Pitch Competition. Winners will also receive one-year access to office space and support services at the GRCA Center for Business Excellence and the opportunity to participate in the Ben Franklin Technology Partners Big Idea Competition. All Business Pitch participants will have the opportunity to seek crowdfunding for their enterprise.

Applications must be submitted by 5 p.m. on December 4. Download the application Guidelines and follow the recommended guidelines. Top teams will have a short interview on Wednesday, December 11, from 12:15–1:15 p.m. The top three competitors to move on to the second phase of the competition will be identified by December 15. The GRCA will identify the top 8 to 10 businesses from the institutions of higher education, and they will be invited to participate in the Entrepreneurs Academy during the Spring of 2020. The actual business pitch competition and awards, a public event, will be held in April 2020.

For additional information, contact Dr. Sadan Kulturel-Konak, director of the Flemming CEED Center and Professor of Management Information Systems, at [email protected].

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