About the Awards Program
The City and County of Denver is honoring the best and brightest ideas in small business through the JumpStart Biz Plan Awards. Offered through the Denver Office of Economic Development, this business plan competition will honor the most promising business plan with investment capital, office space, mentoring resources and more.
About the Applicants
Applications are open to start-up businesses, as well as established Denver businesses with up to 25 employees that have been operating up to five years. The application process is open to Denver businesses, Denver residents and/or individuals with plans to have a Denver-based business.*
Grand prize winner will be awarded all the tools to take their business to the next level, including:
- $50,000 cash prize
- Office space – One year of membership and office space in the Galvanize G1.0 building (up to five staff members)
- Legal counsel – 35 hours of legal services provided by Polsinelli
- Marketing services – 60 hours of strategic marketing advisory services from dovetail solutions
- Entrepreneurship mentoring from TiE Rockies
The top ten business plans selected will receive: Recognition as Innovation Award winners, and memberships to TiE Rockies and the Rockies Venture Club. Additionally, all entrants will receive Business Plan Elite app software from AppIt Ventures, the grand prize winner of last year’s JumpStart Biz Plan Awards.
The JumpStart Biz Plan Awards program is designed to benefit all companies that go through the application process, not just the ultimate winner. To accomplish this, the program uses an online mentoring platform, the Business Catapult, to receive and review applications. Applicants that use all the capabilities in this platform can gain new insights into their business and new ideas to consider.
To maximize the businesses that can benefit from this process, the JumpStart program will review applications through a two-phase process.
Phase I: Initial Selection
For the first level of review, applicants are required to register and submit a business profile via the Business Catapult. The top ten business profiles will be selected via Business Catapult’s web site and invited to participate in Phase II.
Phase II: Final Selection (Full Business Plan Review)
The top ten finalists will be invited to submit a complete business plan to OED in PDF format for additional review and judging. The full business plan must include the following components:
About The Company
Stage of development
Product or Service
Product or service description
Need in target market for company product/service
SWOT analysis (strengths, weaknesses, opportunities and threats)
Amount of outside capital needed
Capital source and structure
3-year projections, including assumptions (cash flow analysis)
Information for Applicants:
Awards program is open to the first 150 entries. Applications are being accepted now through August 2, 2013, or until 150 entries have been received.
All entries will receive valuable feedback and comments from experienced business profile/business plan reviewers.
All entries will receive valuable feedback and comments via Business Catapult from experienced business profile/business plan reviewers.
- Top ten finalists will be notified by Aug. 21, 2013.
* Employees of the City and County of Denver and current contractors of the Denver Office of Economic Development are not eligible to apply.
The JumpStart Biz Plan Awards are supported by the following sponsors:
US Bank, Deloitte, Galvanize, Polsinelli, dovetail solutions, TiE Rockies, Rockies Venture Club, AppIt Ventures, Business Catapult and Microsoft