DEARBORN – The Detroit Chapter of TiE will hold its annual $50,000 Business Plan Competition during the TiECon Midwest 2010 Event on Oct. 28- 29 at The Henry in Dearborn. The deadline to enter is Oct. 18.

In keeping with its mission of promoting innovation and entrepreneurship in the region, TiE offers the BPC as a platform, for aspiring entrepreneurs, seasoned professionals and students, to turn great ideas into effective business plans and eventually into successful businesses.

“The goal of the program is to locate the likes of Mark Zuckerberg of Facebook, sitting in the dorms of various universities – for the first time, few companies have committed investment opportunities for the winners of the BPC, TiECon Midwest 2010, taking it beyond competition,”

said Tel K. Ganesan, President, TiE Detroit.

On Oct. 28th, during the TiECon Midwest Event, the top five business plans will be presented to the judges that will include venture capitalists, investment bankers and TiE charter members.

At stake is $50,000 in prizes, comprising cash, investments and in-kind services such as marketing, business, legal and financial consulting, for the top three plans.

To learn more, click on TiEConMidwest.Org

a>>