2016 Rhode Island Business Plan Competition to Launch on Oct. 15

PROVIDENCE, RI – The Rhode Island Business Plan Competition, New England’s leading community-supported business plan competition, today announced that its 2016 competition will launch next month and culminate next May with the awarding of prizes valued at $200,000.

A Kick-Off event on Thursday, Oct. 15, is the first of a series of free public events and educational workshops that the Competition will host over the next six months.

New this year is a Medical Technology Award, consisting of cash and services, that will recognize an existing or proposed MedTech company working toward a solution that will have significant impact on improving and saving lives while also reducing some of the strain on the healthcare system.

The Kick-Off will be held 5:30 – 7:00 p.m. at Tech Collective, 166 Valley St., Building 3, Providence. Pre-registration is required and may be completed online at www.ri-bizplan.com.

Winners from last year, who took home $200,000 in prizes, will share their experiences and tell what it took to participate and win.

Competition Co-Chair Peggy Farrell, partner in the law firm of Hinckley Allen, said, “Start-up and emerging companies are critical to the future economic vitality of Rhode Island, and the competition is all about fostering the next generation of businesses.

“Many applicants tell us that participating in the competition helped them launch their businesses, and we recognize and appreciate that this happens only because of the support of many organizations across Rhode Island.”

Upcoming events include a free MedTech Development Road-Map workshop on Nov. 4 and the annual Rhode Island Elevator Pitch Contest on Dec. 3.

Sponsors of the 2016 Competition

Lead sponsors of the 2016 Competition are Focus Vision Media, Hinckley Allen, and KLR.

Also supporting the Competition are AAA Southern New England, Bank Rhode Island, Beacon Mutual Insurance Co., Bridge.jobs, Bryant University, Business Development Company, Care New England, Cherrystone Angel Group, Center for Women and Enterprise, Delta Dental of Rhode Island, Dimeo Construction Company, Embolden, Envision Technology Advisors, Greater Providence Chamber of Commerce, InsureMyTrip, Johnson & Wales University, Morgan Stanley Wealth Management, Navigant Credit Union, Providence Business News, Tech Collective, and Teknor Apex.

About the Competition

Established in 2000, the Rhode Island Business Plan Competition has been recognized as one of the top 40 business plan competitions in the country. To date, it has awarded more than $1.8 million in prizes to competitors developing companies across many industries.

The Competition is free and open to everyone age 18 or over whether or not they already have started a business. Complete information, including rules, application procedures, guidelines, and business plan resources, is available at www.ri-bizplan.com.

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Avatar About the Author: The Rhode Island Small Business Journal is a printed monthly magazine and an online resource for the aspiring and start-up entrepreneur and small business owner.

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