ANN ARBOR – The Great Lakes Entrepreneur’s Quest has launched the 8th year of its business plan competition and training program for entrepreneurs statewide, with cash prizes worth $120,000.
GLEQ provides Michigan’s technology entrepreneurs training, coaching and
investor feedback as part of its two-phase business plan competition. Phase
I, which focuses on the executive summary, runs from September through
December with interim awards in January. Phase II, which tackles a 12-page
business plan, starts in February and culminates in a grand prize award in
June.
After a successful pilot last spring, the GLEQ will again partner with
the Michigan Small Business Technology & Development Center to deliver two
offerings of the Kauffman Foundation’s FastTrac TechVenture business launch
preparation for entrepreneurs. The training is specifically designed for
technology or life sciences entrepreneurs needing assistance in the
development of all aspects of their business plan. Ann Arbor SPARK will
sponsor one offering at its facility in Ann Arbor starting on September
27th and Automation Alley and TechTown will sponsor a second offering
alternating between their respective sites in Troy and Detroit starting
October 3.
Also available to GLEQ participants this fall is the Cantillon
Entrepreneurial Education course. This powerful web-enabled start-up
business training marries the convenience of 24/7 availability with a live
business mentor. The training consists of six on-line units experienced in
convenient 15 – 30 minute sessions. Entrepreneurs will test their mastery
with questions at the end of each session and confer with their assigned
mentor for further guidance.
The ‘micro-deliverables’ are real-world work products of your business
and include: Executive Summary, Target Personal and Market map; SWOT;
Market Entry Point; Financing milestones and Cash Flow.
For more information about the GLEQ business plan competition, FastTrac
TechVenture, Cantillon Entrepreneurial Education or how to join a team,
coach a team or become a GLEQ sponsor, click on GLEQ.Org
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