Terri-Jane Yuzda

2004 Venture Prize Begins

APEGGA members who want to take their entrepreneurial ideas to the marketplace should take a close look at Economic Development Edmonton’s VenturePrize Business Plan Competition. Last year’s grand prize winner, in fact, is an APEGGA member.

The competition nurtures business ideas by providing seminars, tools, templates and a mentorship program.

VenturePrize is designed for individuals, companies, and faculty and students of post secondary institutions who have high-growth business ideas.

There’s not much time left to get on board for the second annual competition, however. Submission deadline is Jan. 30.

The competition is the largest of its kind in Canada, with more than $140,000 in prizes to be won. A grand prize winner will receive $100,000 in cash and in-kind services. Two runners-up will receive $20,000 in cash and in-kind services. And the top six teams will have the opportunity to present their plans to investment professionals.

To be eligible, teams must have a feasible, high-growth business concept, at least one team member who lives, works, or attends school in Greater Edmonton, and not have any member on the team who has won cash or prizes as a finalist in a previous VenturePrize competition.

The event launch on Oct. 29 was an opportunity to mix, mingle and find out more about VenturePrize. A program overview included speeches from Doug Horner, MLA for Spruce Grove-Sturgeon-St. Albert; Dr. Gary Kachanoski, vice-president (research), Research Services Office, University of Alberta; Allan Scott, P.Eng., president and CEO, Economic Development Edmonton.

Also on-hand was VenturePrize 2002-03 grand prize winner Steven Slupsky, P.Eng., CEO and chief technology officer of Scanimetrics Inc. He and runner-up Adrian Banica, president and CEO of Synodon Inc., provided insight into how VenturePrize helped them develop an effective and successful business plan.

A six-seminar series covered a number of topics, among them marketing basics, finance, management, organization and selling.

A panel of blue-ribbon judges from business and finance will evaluate the business plans. They’ll look for high growth, feasible business concepts that articulate, believable answers. The award ceremony will be held March 18.

To enter, all prospective teams and participants must complete the registration form and agree to the terms and conditions of the contest as outlined on the VenturePrize website at www.ventureprize.com.

Visit www.ventureprize.com
E-mail info@ventureprize.com
Phone (780) 401-7685

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