Sonoma State Entrepreneurs: 2012 Business Plan Competition Applications Due March 5th
February 28, 2012 10:00 AM
FOR IMMEDIATE RELEASE
February 27, 2012
Sonoma State Entrepreneurs: 2012 Business Plan Competition
Applications Due March 5th
Rohnert Park, CA: Calling all Sonoma State entrepreneurs! Applications for the North Bay iHub 2012 Business Plan Competition are due Monday, March 5th. Jump start your business plan, test your ideas and connect with the community. The annual event provides opportunities for entrepreneurs in Sonoma, Napa, and Marin counties to create a business plan and investor pitch based on guidance and critique from experienced mentors and judges. Top plans will receive recognition and exposure at a public event at Sonoma State University and will be eligible for prizes.
The competition is a collaboration between Sonoma State's School of Business and Economics and the North Bay iHub, one of twelve state innovation centers throughout California, and is part of the School's efforts to engage faculty, student, and community entrepreneurs in curriculum, partnerships, and mentoring focused on new businesses. Entries are grouped in four tracks: IT, life sciences, energy and clean-tech, and goods and services.
Participation in the 2012 competition will see your team from the conceptual stage through the creation of a business plan and presentation of an investor pitch. Sonoma State students and faculty who submit business plans will receive several "value add" services to assist them in their plan development, including:
• Mentoring and pitch coaching through both the campus Entrepreneur-in-Residence program and from iHub mentors;
• A workshop on "Finding Your Founder" by Brian Ostrovsky, the current Entrepreneur-in-Residence;
• A two part workshop with Paul Bozzo, noted business planning expert and consultant from the 10X Group who will speak on "The Fundamentals of Creating a Business Plan" and on "15 Essential Topics to Include in a Business Plan";
• Free use of eFO (electronicFinancialOfficer) to help with the hardest part of a business plan - development of financial pro forma financial statements. (www.electronicFinancialOfficer.com)
The competition is calling for submission of plans from all campus and North Bay entrepreneurs by March 5. Final presentations are planned for June 1, 2012 at SSU.
To register, go to http://nbihub2012.istart.org.
For eligibility rules and all competition details, please go to northbayihub.org.
For more information, please contact:
About Sonoma State University School of Business and Economics:
Sonoma State University School of Business and Economics' vision is to be the educational nucleus of a thriving North Bay economy. Its mission is to create extraordinary learning experiences for our students and to advance best business practices in the North Bay and beyond. With undergraduate, graduate, and executive programs serving over 1500 students each year and concentrations in Accounting, Finance, Management, Marketing, Wine Business, and Economics, the School offers the most in-demand degree on the Sonoma State campus. The School of Business and Economics is accredited by AACSB (the Association to Advance Collegiate Schools of Business), making it one of 15% of all business schools in the world to meet these standards of excellence.
For more information, visit www.sonoma.edu/sbe.
About the North Bay iHub:
The North Bay Innovation Hub (iHub) is a regional economic development collaborative formed under the State's innovative new program to modernize California's approach to fostering innovation and entrepreneurship. The North Bay iHub seeks to mitigate political barriers and promote a regional approach to stimulating job creation and technology commercialization in Napa, Marin and Sonoma counties. The iHub achieves this by stimulating partnerships between non-profit economic development organizations, government entities, universities, businesses, and investment networks to accelerate investment and economic development. The goal of these partnerships is to provide a continuum of support for young, innovative technology companies. Collaborating regional organizations include: Sonoma Mountain Business Cluster (iHub coordinator); Northern California Small Business Development Center; Sonoma State University; City of Santa Rosa; City of Rohnert Park; Rohnert Park Chamber of Commerce; Santa Rosa Chamber of Commerce; North Bay Angels; Sonoma County Economic Development Board; Marin Economic Forum; Wavepoint Ventures.
For more information, visit www.northbayihub.org.