The Entrepreneurial Studies Institute and Business Management Department at Anne Arundel Community College are hosting the 9thannual Business Plan Competition this spring to showcase former and current students’ plans for new business ventures.
The deadline to submit business plan entries to compete for cash prizes is noon Thursday, March 15; two free coaching sessions are available 10 a.m.-2 p.m. Feb. 17 and Feb. 23 in the Careers Center Building Room 326 on the Arnold campus.
Sponsored by BB&T Bank, the competition is open to individuals and teams. Individuals must be AACC students in good standing who are currently enrolled in at least one credit or noncredit class or who completed an AACC course between April 1, 2011 and March 31, 2012. At least half of a team’s members must meet the enrollment criteria.
The winning student and team will each receive a cash prize and the opportunity to move their business operation into AACC’s student business incubator rent free for up to two years. The Incubator is in the Careers Center building Room 326.
The plan must be original and may involve a new startup venture, a new product or market development of an existing venture less than three years old. Presentations should mock an investor presentation seeking a specified investment or loan for a proposed return.
The final competition presentations take place before an audience at 8 a.m. Thursday, April 26, on AACC’s Arnold campus. Presenters will be notified by April 1 whether they made the final cut. Up to three individuals and three teams are selected to present plans and answer questions from a panel of judges comprised of entrepreneurs, investors, commercial lenders and entrepreneurial scholars.
Students and team members can receive free coaching on their business plans from business professionals Jason Wilder of Wilder Strategy, a CEO for several area businesses; Randal Fisher, attorney, who has helped numerous businesses launch their operations and Paul Janssen, Management Enterprise Services, who works with a variety of businesses to help owners achieve their goals. Coaching sessions are available from 10 a.m.-2 p.m. Friday, Feb. 17 and Thursday, Feb. 23 in the Careers Center Building Room 326. Reservations are not required but staff members suggest you alert the Entrepreneurial Studies Institute of plans to stop by for assistance by calling 410-777-2066 or emailing [email protected].