Rhode Island Business Plan Competition

PROVIDENCE, RI – The Rhode Island Business Plan Competition, New England’s leading community supported business plan competition, today announced that its 2015 competition will launch next month and culminate next May with the awarding of prizes expected to exceed $200,000 in value.

A Kick-Off event on Tuesday, Oct. 14, to help attendees learn about launching a business is the the first of a series of free events and educational workshops, open to the public, that the Competition will host over the next five months.

The Kick-Off will be held 5:30 – 7:00 p.m. at Betaspring, 95 Chestnut St., Providence. Pre-registration is required and may be completed online at www.ri-bizplan.com.

Winners from last year, who shared more than $200,000 in prizes, will speak at the Kick-Off, providing insights on 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 will continue to play a critical role in growing and strengthening the Rhode Island economy. We’re thrilled to be able to help a wide range of entrepreneurs, and are appreciative of the support of the many organizations that make the Competition possible.”

The Competition, which is free and open to everyone age 18 or over whether or not they already have started a business, is organized along two tracks: an Entrepreneur Track and a Student Track for those enrolled in college or graduate school.

Sponsors of the 2015 Competition

Lead sponsors of the 2015 Competition are Cumulus Media-Providence, Focus Vision Media, Embolden, Hinckley Allen, KLR, and the Providence Journal Charitable Fund.

Also supporting the Competition are Bryant University, Center for Women and Enterprise, Envision Technology Advisors, FM Global, Greater Providence Chamber of Commerce, Providence Business News, and Utilidata.

Additional sponsors include AAA Southern New England, Betaspring, Business Development Company, Care New England, Deepwater Wind, Dimeo Construction Company, Morgan Stanley Wealth Management, 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 $1.6 million in prizes to competitors developing companies across many industries.

In addition to awarding prizes, the Competition hosts educational events in the months leading up to the application deadline. They include business development, financial planning, and presentation skills workshops. In addition, the competition hosts the annual Rhode Island Elevator Pitch Contest. Complete competition 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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