2015 Momentum Business Plan Competition

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Application Deadline:  July 31st, 2015

The Momentum Business Plan Competition is administered by The Ludington & Scottville Area Chamber of Commerce. The competition is only open to legal residents of the U.S. and the District of Columbia and who are residing therein, and who are age eighteen and older as of the time of entry.
Upon winning and accepting the Momentum Business Plan Competition, the entrant agrees to locate or relocate business operations within Mason County, Michigan and continue operations in Mason County for a minimum of three years from the date of the award.
The Momentum Business Plan Competition came about as a collaborative effort including Pennies From  Heaven, West Shore Bank, Western Land Services, Ludington Daily News,  The Ludington & Scottville Area Chamber of Commerce, Metalworks and Floracraft. Prize money is provided by supporting sponsors and organizations who share a passion for entrepreneurism and for the Mason County community.

Entrance Requirements

The Momentum Business Plan Competition is open to any eligible independent business venture, either for-profit or non-profit, with a viable business idea, business plan, invention to be marketed, or existing organization or company with under $100,000 in sales or revenue annually.

Judging Criteria

Business plans will be judged on the following criteria. Those with the highest scores will advance as finalists.
• Use of market research data
• Passionate and enthusiastic presentation of idea
• Scalability
• Clear Statement of assumptions
• Clear and logical business plan for a launch or expansion with measureable objectives for each stage
• Demonstration of competitive advantage
• Indication of how prize money will be used
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