Nebraska Business Plan Competition

Timeline:

Friday, November 27th, 2009 – 11:59pm

All application and submission due For more information see “Submission Information”

Thursday, December 3rd, 2009

Finalists invited to present

Friday, December 4th, 2009

Press announcement for finalists

Friday, December 11th, 2009

East 2 West: The Nebraska Business Plan Competition 12:30pm – Presentations begin 5:30pm – Reception begins 6:30pm – Winner announced

For inquiries contact:

Jason Ball
Director of Business Development
Lincoln Partnership for Economic Development
402.436.2374
jball@LCOC.com

– OR –

Dan Hoffman
Executive Director – Invest Nebraska
402.472.2063
dan@investnebraskacorp.com

Award & Prize Details

The seven finalists will be competing for an equity prize of $50,000 to start or expand their business.

The prize will be awarded by Invest Nebraska in exchange for an equity stake in the proposed business. The size of Invest Nebraska's stake will be decided though negotiations with the owner/s after the competition, but is not to exceed 49%.

Upon entering negotiations with Invest Nebraska, the winner must agree to cooperate to the fullest of his or her ability in order to facilitate Invest Nebraska's due diligence. This may include, but is not limited to, providing professional references and authorizing a background check.

If the parties should fail to come to an agreement that is acceptable to both parties, or if Invest Nebraska should perceive that the competition winner has failed to negotiate in good faith, Invest Nebraska reserves the right to opt out of investing in the winning business. In that case, the runner-up of the Southeast Nebraska New Venture Competition shall automatically be considered as a potential candidate for the prize money.


Submission Information Rules & Guidelines Award / Prize Details Competition Evaluation & Judging Criteria FAQ's
Timeline: Friday, November 27th, 2009 – 11:59pm All application and submission due For more information see “Submission Information” Thursday, December 3rd, 2009 Finalists invited to present Friday, December 4th, 2009 Press announcement for finalists Friday, December 11th, 2009 East 2 West: The Nebraska Business Plan Competition 12:30pm – Presentations begin 5:30pm – Reception begins 6:30pm – Winner announced For inquiries contact: Jason Ball Director of Business Development Lincoln Partnership for Economic Development 402.436.2374 jball@LCOC.com – OR – Dan Hoffman Executive Director – Invest Nebraska 402.472.2063 dan@investnebraskacorp.com	Award & Prize Details The seven finalists will be competing for an equity prize of $50,000 to start or expand their business. The prize will be awarded by Invest Nebraska in exchange for an equity stake in the proposed business. The size of Invest Nebraska's stake will be decided though negotiations with the owner/s after the competition, but is not to exceed 49%. Upon entering negotiations with Invest Nebraska, the winner must agree to cooperate to the fullest of his or her ability in order to facilitate Invest Nebraska's due diligence. This may include, but is not limited to, providing professional references and authorizing a background check. If the parties should fail to come to an agreement that is acceptable to both parties, or if Invest Nebraska should perceive that the competition winner has failed to negotiate in good faith, Invest Nebraska reserves the right to opt out of investing in the winning business. In that case, the runner-up of the Southeast Nebraska New Venture Competition shall automatically be considered as a potential candidate for the prize money.