About The Competition
A business plan competition is an opportunity for an early-stage or startup company to submit its business plan to a panel of judges- many of whom are investors- and to win a cash prize. More importantly, the competition is a way of showcasing emerging businesses before panels of judges who are themselves investors, thus offering these businesses immediate access to capital.
Growth businesses go where investment funds are available. Businesses are attracted to areas where they can source and secure funding for various stages of development, particularly in the early stages when businesses are looking for angel investment. Bringing businesses together with early stage investment opportunities builds the reputation of a region as a good place to do business.
The North of Boston Business Plan Competition provides a real opportunity to attract the kind of businesses that grow jobs to the Northern area.
Many funding sources can be accessed in both Boston and Cambridge. But what makes the North of Boston attractive for investment is the number of highly educated and highly skilled people who live here and would much prefer to work here rather than make the commute to Boston or around the gridlock on 128.
About The Enterprise Center at Salem State University
The Enterprise Center at Salem State University is both a non-profit business incubator where 30 small businesses lease space in the center's building and a virtual center for North entrepreneurs at every stage of business development. Opened in 1998, the Enterprise offers office space for start-up and established companies and provides dozens of free programs designed to help small business owners and employees improve their business skills. The Enterprise Center is active in initiatives to attract growth businesses and to grow the creative economy on the North Shore. Contact us at www.enterprisectr.org.
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