business plan competition Archives

Texas Startup Competition Is Back Fort Worth Business Assistance Center Annonuces

A popular Forth Worth area business plan competition is back for it’s second year. The Fort Worth Business Assistance Center announced today that founding sponsors Capital One Bank, The Alternative Board and Sales Mastery Consultants (Sandler Training) have teamed up to put on the contest which has over $40,000 in cash and business services prizes.

The competition is open to all BAC clients and Tarrant County businesses and startups. After the initial application process (going on now through September 19th), 25 teams will be selected as the competitors in the event. These 25 companies will receive 8 hours in professional training, valued at $1,000. this includes two 3-hour training sessions with valuable information from Accion (Cash Flow), Texas Christian University’s Center for Professional Communication (Effective Presentations), Whitley Penn (The Importance of Financials), and a panel discussion from business leaders on effective marketing and sales. The preliminary round will also include a minimum of two hours of one-on-one business counseling with counselors from the BAC and competition partners the Small Business Development Center (SBDC) for Enterprise Excellence, SCORE of Fort Worth, and Tarrant SBDC.

After the preliminary round the three strongest business plans will be selected as finalists and will advance to the final round. The final competition will be combines with an awards ceremony which will be held November 15th at the Texas Christian University.

The winners of the 2011 competition were Ikerd Consulting, Positive Influences and Cleves Research and their Cluso product.

If you’re in the Fort Worth area (Tarrant County) now’s the time to apply at the link below.

Linkage:

Apply here

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Knoxville Startup: Virtuous Products Wins Business Plan Competition

Imagine if you could take recycled bottles and turn them into flooring, countertops and even outdoor casual furniture. Well you don’t have to imagine it anymore because Mark Wassenaar and his startup Virtuous Products Inc, have created it. Well at least the business plan for it.

The material called Sedonite uses recycled glass with the strength and look of resin or cement based products at a fraction of the cost, and much greener.

“We were impressed by all the entrepreneurs who took part in this competition,” Todd Napier, executive vice president of The Development Corporation of Knox County and co-presenter of the program with the Knoxville Chamber and Tech20/20 said. “Virtuous Products shows an enormous amount of promise and the judges indicated they expect big things from the start-up in the years to come.”

The Knoxville Chamber Business Plan Competition actually started back in April. That’s when Wassenaar submitted his original business plan. He was able to survive four rounds of judging which included written summaries and in person proof of concept presentations.

Tabletops made out of recycled glass and "sedonite" are why Virtuous Products won the Knoxville Chamber Competition (photo: Sedonite.com)

As the winner of the competition Virtuous Products wins:

$10,000 grant for start-up costs
$15,000 potential investment: Tech 20/20 Venture Start-up Fund
One-year’s rent at the Fairview Technology Center
Accounting services provided by Rodefer Moss & Company
Business coaching provided by CEO Advisors
IT Hosting/Services by The IT Company & Digital Crossing Networks
Legal Services by Kathleen Zitzman
Chamber membership by the Knoxville Chamber
Business coaching by Tech 20/20

Wassenaar has plans to use the prize money to purchase a glass crusher, which will allow him to take recycled beer bottles and smash them into a sand-like consistency. From there, his company takes the material and can put it into a molding with a proprietary bonding agent that creates a faux stone surface that is as strong and less expensive than most competitors on the market today.

“I’ve been in manufacturing my whole life. I try to get out but it just keeps coming back because there is so much creativity involved. I literally lie awake at night thinking of new ideas,” Mark Wassenaar, the founder and CEO of Virtuous Products said. “This competition, even if I didn’t win, it would have been an unbelievable opportunity because the competition really helped me along the way.”

Linkage:

Find out more about Sedonite and Vertous Products here

Find out more about the Knoxville Chamber here

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