The fifth installment of STARTUP Franklin Southampton, a business plan competition, is being announced by Franklin Southampton Economic Development, Inc. The competition aims to provide financial aid and business training within the City of Franklin and Southampton County limits. Participants are required to submit an online application, attend seven business courses, submit a completed business plan, and pitch their business to a panel of community leaders. The grand prize winner will receive $20,000 and the runner-up will receive $10,000. The contest is funded by Franklin Southampton Economic Development, Inc., Bank of Southside Virginia, and Bronco Federal Credit Union, with additional support from various community and in-kind sponsors.
Introduction
From: Franklin Southampton Economic Development website
Competition Details
Franklin Southampton Economic Development, Inc. is pleased to announce the fifth installment of STARTUP Franklin Southampton. The business plan competition serves to provide financial assistance and business training within City of Franklin and Southampton County limits. The contest program is funded by Franklin Southampton Economic Development, Inc., Bank of Southside Virginia, and Bronco Federal Credit Union. Community and in-kind sponsors are as follows: Franklin Southampton Area Chamber of Commerce, Main Event, Paul D. Camp Community College, and Real Country 101.7.
Participant Requirements
Participants in the program must submit an online application, attend seven business courses provided by various business instructors, submit a completed business plan, and pitch the business to a panel of community leaders. One grand prize winner will be selected with a monetary award of $20,000. One runner-up winner will be selected with a monetary award of $10,000.
Guidelines
Find complete guidelines here.
Question & Answer
What is STARTUP Franklin Southampton?
STARTUP Franklin Southampton is a business plan competition organized by Franklin Southampton Economic Development, Inc. aimed at providing financial aid and business training within the City of Franklin and Southampton County limits.
What are the requirements for participants?
Participants are required to submit an online application, attend seven business courses, submit a completed business plan, and pitch their business to a panel of community leaders.
What are the prizes for the winners?
The grand prize winner of the STARTUP Franklin Southampton competition will receive $20,000, while the runner-up will receive $10,000.
