The
Prizes:
-
First Prize: $50,000 in seed capital awarded to a winner in Oswego County (this
award is open to both residents and entrepreneurs operating or with the intent to
operate in Oswego County);
-
Second Prize: $10,000 in seed capital and $10,000 in professional business services*
-
Third Prize: $5,000 in seed capital and $5,000 in professional business services*
-
The seed capital equity can potentially be leveraged to borrow up to $250,000 in
partnership with local banks, Oswego County Industrial Development Agency, City of
Oswego Community & Economic Development Office, City of Fulton Community
Development Agency, U.S. Small Business Administration, and other economic
development agencies;
-
The
chance to present your plan to a panel of early-stage venture
capitalists, bankers, local entrepreneurs, and those in business
academics;
-
Feedback
from successful venture capitalists and seasoned entrepreneurs;
-
Regional
media exposure;
-
Opportunity
to network with other potential team members; and
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The prize money must be used to start the business in Oswego
County.
*Includes a customizable bundle of in-kind professional business services such as business
mentoring, incubation space, legal, accounting, and marketing through select providers
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