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Having a cohesive business plan is one of the first steps in starting a business, but it can be a daunting task.Entering a business plan competition and possibly winning cash prizes for your business idea, and having mentors to guide you through the process, can keep your motivation at an all-time high and help you finish every section of your plan.
However, it could be costly and time-consuming to participate in such events as startups, at least some of the time, are required to pay a fee to enter.
There is no limit to the number of startup competitions you can attend.
The contest does not require the submission of a full business plan, but the submission should provide all necessary information.
Jennifer Post graduated from Rowan University in 2012 with a Bachelor's Degree in Journalism.
The competition themes include early childhood education, workforce learning, urban education and many more. This competition looks for startups focusing on informatics and technology. HATCH Pitch's Demo Day is a pitch competition where finalists present their business plans to a panel of judges consisting of corporate, angel and venture investors who provide the feedback and select the winners.
The two winners will receive six months of mentorship and support from leading industry experts, and the five finalists will win ,000, with two winners receiving ,000 based on judge and audience votes. Stemming from one of the first events at the inaugural SXSW Interactive Startup Village in 2012, HATCH branched out to become an independent program and event in 2016.
[Read related story: Starting a Business After College?
Advice for Entrepreneurial Grads] Founded by MBS students at UC Berkeley's Haas School of Business in 1999, this competition allows entries as long as the plan demonstrates both economic and social value in the business venture.
The Business plan contest (B-Plan Contest) invites social entrepreneurs who have an early stage venture (not older than three years) or a promising idea with a plan that could create sustainable social impact in India.
In addition, the enterprise is required to demonstrate significant social impact through results or proof of concept.