Aspiring entrepreneurs interested in winning up to $25,000 for their new business ideas should submit their entries by Wednesday, November 14 for the fourth annual Monfort College of Business Entrepreneurial Challenge at the University of Northern Colorado.
The competition is open to start-up ventures in Colorado with a $25,000 first place prize, $15,000 for second place and $10,000 for third place.
A start-up venture is defined as an organization engaged in initial operations, focusing on business development, researching intended markets and product development, and has yet to take payment for the sale of its product.
Successful applicants will be selected and notified by November 29, 2012 to participate as semi-finalists in the Preliminary Challenge where they will present their business concepts to a panel of experts. The Preliminary Challenge takes place on Wednesday, January 16, 2013 at the University of Northern Colorado Center at Centerra in Loveland.
Five finalists will be selected at the Preliminary Challenge to present their business plans in a “Shark Tank” format during the Monfort College of Business Entrepreneurial Challenge on Thursday, March 7 at the University Center on the campus of the University of Northern Colorado in Greeley. The event will be open to the public and the winners will be announced that night during the Bravo! Entrepreneur Awards, a Northern Colorado Business Report event sponsored by the Monfort College of Business.
For entry guidelines and format, visit www.mcb-echallenge.com.