Entrepreneurs invited to participate in Regions Bank 2021 Business Plan Competition

November 05, 2021

Business people invited to take part in Locations Financial institution 2021 Business Strategy Competitiveness

by Christi Mathis

CARBONDALE, Ill. — Contacting all business people.  Here’s your likelihood to post a business enterprise plan for the probability to gain money prizes in the Locations Lender 2021 Business enterprise System Levels of competition.

Southern Illinois business people will contend for up to $10,000 in innovation and smaller business development funding furnished by Locations Lender by the SIU Basis. The Illinois Smaller Business Advancement Centre at SIU will provide complex assist and business enterprise aid and the deadline to post entries is Friday, Nov. 12.

The prime prize is $5,000. Next prize is $3,000 and third spot is $2,000.

“Despite the problems of this past calendar year with the pandemic, we have witnessed a large boost in desire from Southern Illinois business people emerging with new, modern company ideas or business growth tips,” mentioned Deborah Barnett, SIU director of enterprise incubator packages. “The enterprise program levels of competition guidance from Locations Bank through the SIU Basis is quite timely and will provide as a spark to continue on the entrepreneurial momentum that we’ve noticed building in the location.”

Showcase will characteristic announcement

The winners will be declared for the duration of SIU Investigate Park’s Innovation and Entrepreneurship Showcase on Dec. 2 at the Dunn-Richmond Economic Progress Heart, 1740 Innovation Drive in Carbondale. 

“The announcement of the organization system competitors winners will be the spotlight of the showcase,” stated Lynn Andersen Lindberg, govt director of the SIU Analysis Park. “The possibility to enable leap-start out various rising or expanding smaller firms in partnership with Areas Financial institution is a excellent way to rejoice the innovation which is been using spot through Southern Illinois throughout the COVID pandemic.”

Open to new or expanding company concepts

The levels of competition is open up men and women with small business strategies in Franklin, Jackson, Jefferson, Perry, Randolph or Williamson Counties. Contestants simply cannot be affiliated with government entities, non-income organizations, public or personal universities, or universities andcolleges. Participants will have to sign up and then submit a comprehensive small business plan and 90-second pitch video clip by Nov. 12. There are a couple easy criteria for the business enterprise designs. To enter the options have to be:

  • A get started-up or current for-financial gain little enterprise featuring innovative strategies, items or solutions with an recognized sector need to have and possible for commercialization. Pre-enterprise entrepreneurs can enter, too.
  • Focusing on new concepts or growth prospects, not current organization functions.
  • Not included with cannabis, gambling or lobbying activities nor any pursuits which are prohibited by condition or federal legislation.

Sign-up now

For a lot more info about the business enterprise strategy competitiveness, along with registration, go to sbdc.siu.edu.

The opposition is sponsored by Locations Bank in partnership with the Southern Illinois College Basis, the Illinois Small Business enterprise Advancement Centre, the SIU Investigation Park and the SIU Business enterprise Incubator.

“A reliable business system is crucial for any enterprise that would like to be successful. This competition is a fantastic opportunity for Southern Illinois entrepreneurs to place a stable organization strategy in put, establish a powerful pitch, and compete for funding,” mentioned Greg Bouhl, SIU director of entrepreneurship and organization growth. “The Illinois Small Business enterprise Development Center at SIU serves as a solid spouse in the competition as we provide no-price small business advisement, like company strategy guidance, to competitors participants and any modest organization who desires aid.”

Maria Flores

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