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Iowa Business Plan Competition open to submissions March 1

February 28, 2011
Contact: 

Randy Pilkington, director, UNI John Pappajohn Entrepreneurial Center, 319-273-5732

Rebecca Schultze, communications and public relations manager, UNI College of Business Administration, 319-273-3309, rebecca.schultze@uni.edu

Winners to be announced at the Iowa Entrepreneurs Conference and Venture Forum on Oct. 25

CEDAR FALLS -- The John Pappajohn Iowa Business Plan Competition will accept entries for the 2011 competition beginning March 1. New and start-up businesses (in business for less than four years) are eligible to enter the competition for the chance to win up to $25,000. The deadline to enter is April 30.

Applicants are required to submit business plan information via AngelSoft. A link to the AngelSoft submission page is available at the competition website, www.IowaBusinessPlanCompetition.com.

After several rounds of reviews and interviews, the three winning business plans will be announced at the Iowa Entrepreneurs Conference and Venture Forum on Oct. 25 at the Polk County Convention Center in Des Moines.

The John Pappajohn Iowa Business Plan Competition is designed to stimulate business development and provide support for outstanding business plans. This year a total of $50,000 will be awarded to the top three submitted business plans: $25,000 for first prize, $15,000 for second and $10,000 for third. Honorable mention and $1,000 will be awarded to additional companies.

Assistance with business plan entries is available at the Iowa John Pappajohn Entrepreneurial Centers located at Drake University, Iowa State University, North Iowa Area Community College, the University of Iowa and the University of Northern Iowa; the Small Business Development Centers throughout the state; and the business accelerators in Ames, Cedar Rapids, Davenport, Dubuque, Iowa City, Red Oak and Mason City.

The John Pappajohn Entrepreneurial Centers provide entrepreneurial education and business support, partnering with agencies like the Small Business Development Center, the Iowa Department of Economic Development, Entrepreneurial Development Centers and local entrepreneurs to assist with funding and other business needs.

Rules, eligibility, timelines and assistance information are available at the competition website, www.IowaBusinessPlanCompetition.com.