The P1-million “Enterprize 2006″ Business Plan Contest
October 10, 2006
If you think you have an innovative business idea but don't have funds to execute it, Enterprize 2006 might just be what you are looking for.
Enterprize 2006, sponsored by brokerage firm AAA Commercial Broker and Consultancy Inc. (ACBCI), presents a "platform for all those who have a business idea, a new technology, or a gap in the service market… to present their Business Ideas to a wide public and to be given a chance to realize them."
More than P1 million is at stake for the winner and a chance to be matched with venture capitalists who might be interested to invest long-term in the business. Aside from the cash prize, the contest also aims to teach participants how to make a good business plan in order to attract capitalists.
To join, the business idea must meet the following requirements:
- originating from the Philippines and to be realized in the Philippines;
- not being funded through risk capital yet;
- being economically feasible.
The project must be submitted in the Enterprize 2006 website and a P5,000 registration fee paid which will cover the cost of soft copies of a business plan skeleton, a manual titled “How to Succeed” and calculations templates, among others.
Once the project is validated, project owners are entitled to real-time coaching where they will meet experts to help them develop the Business Plan. The evaluation period is from Nov. 1 to Dec. 15. Deadline to submit projects is on October 1.
The top 10 business plans will entitle the developer cash rewards while the first prize will get P1 million.
For more information, visit the Enterprize 2006 site.
[tags]entrepreneurship, business plan, business idea, business, funding, philippine business, philippine entrepreneurs, start business philippines[/tags]