2017 StartRight! Women's Business Plan Competition
Description

The StartRight! Women's Business Plan Competition was founded in 2004 by Rockville Economic Development Inc. (REDI) to encourage and support women’s entrepreneurship. Now run by the Maryland Women's Business Center, an initiative of REDI, StartRight! awards prizes for winning business plans each year. The women who enter our competition receive more than the opportunity to win a top prize of approximately $5,000 – they also receive valuable coaching and feedback on their business plan!

There are several thousand dollars in prize money with a top prize of approximately $5,000!

Entire plans are due electronically along with three hard copies in hand to our office in Rockville no later than 3:00 PM EST on Friday, June 1, 2017.  It is highly recommended that you do not wait until just prior to the 3pm deadline to upload your plan in case of technical difficulty or delay.  You may drop off the three hard copies to our office or send via postal mail. All postal mail MUST be postmarked by 5pm on Friday, June 1, 2017. Failure to do so may result in your entry being disqualified.

  No special format is required for the business plan, but it may not exceed 25 pages (excluding appendices), and it must contain the following:

  • Executive Summary - Limited to 2 Pages and Must Include:
    • Name of business/trade name
    • Legal structure of entity
    • Percentage of women ownership
    • Principal contact name, address (including city and state where business is located), phone, email, and website URL (if applicable).
  • Table of Contents
  • Description of the business (including location, long and short-term goals, products/services offered)
  • Market Analysis (including industry overview/description, competition, target market, competitive advantage)
  • Marketing Plan
  • Management and Operations Plan (including brief bios and job descriptions of key positions; hiring plan)
  • Financial Projections - must cover 3 years of projections including Income Statements (monthly for 1st year and quarterly for years 2 and 3) and Balance Sheets

Please note failure to include any of the above-noted elements of the business plan may result in disqualification.

If you have additional questions or need assistance, contact donna@marylandwbc.org or call us at 301-315-8091.

Rules

Rules for submitting your Business Plan:

  • Business must be less than three years old.
  • Business must be at least 51% woman-owned.
  • Business must be registered and in good standing with the State of Maryland.
  • Primary business residence must be in the State of Maryland.
  • Entire plans are due electronically at 3:00 PM EST on Friday, June 1 2017. Late Entries may be disqualified.
  • In addition to electronic submission, three hard copies must be delivered to our office by 3pm on June 1, 2017 or post-marked no later than 5pm on Friday, June 1.  Hard copies may be mailed or delivered to Maryland Women's Business Center, 51 Monroe Street, Suite 20, Rockville, MD 20850. If delivering, copies must be in our hands by 3pm on June 1.
  • Submission fee of $35 must be paid before the deadline of June 1, 2016 in order for your entry to be accepted.
  • No special format is required for the business plan, but it may not exceed 25 pages (excluding appendices), and it must contain the following:
  • Executive Summary - Limited to 2 Pages and Must Include:
    • Name of business/trade name
    • Legal structure of entity
    • Percentage of women ownership
    • Principal contact name, address (including city and state where business is located), phone, email, and website URL (if applicable).
  • Table of Contents
  • Description of the business (including location, long and short-term goals, products/services offered)
  • Market Analysis (including industry overview/description, competition, target market, competitive advantage)
  • Marketing Plan
  • Management and Operations Plan (including brief bios and job descriptions of key positions; hiring plan)
  • Financial Projections - must cover 3 years of projections including Income Statements (monthly for 1st year and quarterly for years 2 and 3) and Balance Sheets

If you have additional questions or need assistance, contact donna@marylandwbc.org or call us at 301-315-8091.

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