CAIED’s 7G Business Plan Competition for Aspiring Entrepreneurs
What does it take to start a new business? It requires startup money, investors, employees, a work place, hot coffee, etc.… All of these things are essential for a thriving business, but the one thing that really matters is a good idea. The 7G Business Plan Competition (7G BPC), aimed at young Native American entrepreneurs, is helping to facilitate those million-dollar ideas for promising students in the Southwest and Plains regions of the United States.
The Center for American Indian Economic Development (CAIED) has teamed up with Partnership With Native Americans, Kitchell Construction, and the Johnson Scholarship Foundation to host the competition. This very fun and engaging event was created to help encourage money management, fiscal responsibility, creativity, and entrepreneurship within the young Native American community. With the help of Partnership With Native Americans, the 7G BPC will reach 60 reservations.
The competition will consist of up to 16 teams (no more than 5 members per team). Each team must think of a plausible business plan that can be accomplished in six months. These business plans can be ideas formulated from the ground – up, or can be a plan suited for an existing Native American-owned business/idea. The winning team will receive seed money towards their proposed business plan. A lofty goal and quite the resume booster for the winners of the competition.
The following dates are important to keep in mind for anyone interested in the competition.
APPLICATION AND ENTRY FORM DEADLINE EXTENDED TO FEBRUARY 10, 2017
The Application of Intent and the Entry Form are due February 10th, then from February – May 2017, CAIED or one of its partners will hold monthly training sessions for the teams entered. The site of the trainings will be held where the teams are located or online. On May 31st, the 7G Business Plan final draft will be due. Finally, the in-person presentations will take place in the Phoenix area for the judge’s panel will be in June 2017 (specific date to be determined).
The 7G BPC has two eligibility guidelines. The first requirement is that the students participating must be enrolled at least part-time in a high school, college, or university. The other requirement is that the teams competing must have a majority (51%) of their team members enrolled in a Federally Recognized Tribe.
To find out more about this competition, visit CAIED’s website at: http://franke.nau.edu/caied/7g_bpc_seven_generation_business_plan_competition/ or contact Crystal at Crystal.Cree@nau.edu.
Categories: 7g business plan competition 7g bpc spring 2017 2016 partnership with native americans kitchell construction johnson scholarship foundation