Business Plan Competition FAQ’s
The San Angelo Business Plan competition is for newly started and existing businesses.
Two-phase competition: Phase I requires a Business Overview submittal. Those selected as finalists move on to Phase II, which requires a draft business plan and a $50 entry fee is the final phase of the competition. Finalists will submit a complete business plan and present a live presentation to a judging panel for award decisions. Please read the full competition guidelines for current due dates and details on the required submissions.
The competition is for new and existing ventures to be located in San Angelo or its ETJ (3.5 miles outside city limits)
The most important date is the initial entry date. This is updated each year for every competition. The entry date is posted on the main webpage of the Business Plan Competition and advertised in the community.
1st place receives $40,000
2nd place receives $20,000
3rd place receives $10,000
The winners of the competition also receive in-kind services provided by local businesses, these are different every year based on the donations by our local professional services.
ASU Small Business Development Center, ASU Norris-Vincent College of Business, and The City of San Angelo Development Corporation (COSADC)
The guidance to complete the business overview for the first and second phases of the competition is available from ASU Small Business Development Center certified business advisors and ASU’s College of Business students under the supervision of SBDC Business Advisors.
If you are awarded one of the Business Plan Competition Grant awards, you will be required to complete a grant agreement with the COSADC. View a sample of the grant agreement.