With the deadline for TowsonGlobal’s second business plan competition just around the corner, I sat down with several people to talk about the competition. In the first video, I talked with Towson University’s Outreach and Partnerships Coordinator Kelsey Beckett about the competition’s purpose, how it impacts the region’s entrepreneurial community, the many ways it provides entrepreneurs with resources that will be beneficial over the long run, and what participants can expect if they win.
Additionally, I talked with the two winners of the 2011 competition, Ben Walsh, owner of PureBang Games and Lisa Drouillard, founder of My Hopeful Journey, to gain insights on how participating in and winning the competition impacted their business plans and helped move their businesses forward. Both Lisa and Ben believe that part of what made them successful, was the mentoring and support from experts and guidance throughout the various stages of the competition. Both also found that access to the broad range of resources and connections at the incubator were truly helpful.
Submissions already have started coming in for this year’s competition, so be sure to get those executive summaries in by February 6, 2012. We are excited to see which innovative business ideas will advance to the final round, and we will announce the five finalists on February 20.
To ensure that each finalist has the best possible chance, they all will attend a presentation boot camp in March and each will be assigned an individual coach from SCORE, which will help prepare them for the final presentations to the judges on May 2.
For more information visit the Business Plan Competition page on our website or email us at info@towsonglobal.com
