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April 10, 2012

Vermont Tech Sponsoring Food/Farm Business Plan Competition

Filed under: SRDC — admin @ 11:34 am

Vermont Tech is launching a Business Plan Competition for food- and farm-related businesses to encourage new business development. Open to residents and students in Washington, Orange, and Windsor Counties, prizes totaling $22,250 will be awarded. The SRDC service area is part of this eligible region.

The competition is open to farm and food individuals and businesses engaged in food production, processing, distribution, packaging, or retailing including restaurants. Also eligible are those in the agriculture enterprises of wood products, equine-related businesses, and fiber production.

“Vermont Tech is seeking to raise awareness of small business entrepreneurship and to encourage new business development in three critical areas: Existing Business, New Business, and Student,” said Steve Paddock, director of the Vermont Tech Enterprise Center, a business incubator designed to support growth companies.

Up to five finalists will be selected in each category. To be eligible for the competition, the existing or new business must be for-profit and physically located within Washington, Orange, or Windsor County, and must have gross revenue that does not exceed $500,000. For the Student category, the entrant must be a currently enrolled student who either lives or attends school within one of the three counties.

The Vermont Small Business Development Center will offer Application Workshops during April to help those interested create high quality applications. Applications are due May 21, 2012. Finalists will be announced by June 1, 2012, and will have until October 5, 2012, to complete their full business plans. Finalists will present their plans to a panel of judges on October 12, 2012, at Vermont Tech. Winners in each category will be announced that day, following the presentations.

For application forms and more information, go to www.vtc.edu/businessplan or contact Steve Paddock at spaddock@vtsbdc.org or 802.728.9101.