Archive | September, 2010

Young Entrepreneurs MTV has a contest just for you..win $25k and a chance to be on MTVu!

23 Sep

 

MTV's original logo, officially in use from 19...

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mtvU along with the New York Stock Exchange have launched the next Movers & Changers competition, in search of young entrepreneurs to submit innovative business ideas that utilize the power of social media as a marketing tool for a new business idea.

Competition finalists will be featured on mtvU in a short-form series, “Movers & Changers,” premiering November 17, 2010 on mtvU and before claiming the grand prize of $25,000 in seed money, each team of finalists will present their business plan to the “Movers & Changers” Board, which will be a collaboration of top business and social media gurus, to be announced at a later date.

Mtv is looking for 16-28 year old college students to develop and produce a compelling business proposal that utilizes social media to leverage or enhance their venture. Ideas must be original, feasible, scalable, and practical.

Three finalists will be flown to New York City to attend Global Entrepreneurship Week where they will ring the bell at the New York Stock Exchange, attend the NYSE Movers and Changers Forum, and present their plans to a panel of industry executives. The winner will receive $25,000 in seed money to help his or her company start off on the right foot.

To enter the contest, visit http://www.moversandchangers.com/

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Do you want to win free office space for a year?

20 Sep
Regus-WWB-lockup

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Enter Regus’ “Show us your office” contest at http://www.showusyouroffice.com/

Contestants can enter a photo or video of their current, less-than-ideal workplace, and site viewers will be able to vote for the entry most deserving of a new office. The 10 entries with the most votes will proceed to the final round of judging. One lucky winner will receive a year of fully furnished, fully equipped office space at any of Regus’ more than 400 U.S. locations. Nine runner-ups will receive Virtual Office Plus packages from Regus, allowing them to work more productively on the go.

GoodLuck!!!

Michigan is offering up to $500k for your start-up…enter contest now!!!

15 Sep
Michigan's State Capitol in Lansing

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Accelerate Michigan Innovation Competition

Accelerate Michigan Innovation Competition is an international business plan competition which highlights Michigan as a robust and vibrant venue for innovation and business opportunity. The competition fuels innovation-based business growth by uncovering the best and brightest new business concepts from local and global entrepreneurs, exposing those opportunities to potential investment capital and fostering their growth within Michigan.

The Accelerate Michigan Innovation Competition targets mid-to-late-stage business start-ups with potential to generate an immediate impact on Michigan’s economy, as well as student concepts with longer-term business viability.

With more than $1 million in cash winnings, plus in-kind awards of services, staffing and software, the Accelerate Michigan Innovation Competition is the world’s largest business plan competition.

Currently 2 competitions being held (both have an entry fee):

Eligibility

The Accelerate Michigan Innovation Competition is open to any early stage business — from anywhere in the world.  With the exception of the “People’s Choice” and “Tweet” awards, prize winners must have the winning business registered and located in the state of Michigan. For winners not currently located in the state of Michigan to receive the award you must locate your business in Michigan.

Although any business can apply, Accelerate Michigan is targeted at seed-stage innovation-based businesses.  They define seed-stage as: you haven’t raised over $1million of investment, and don’t have more than $1million in annual revenue.

Visit http://www.acceleratemichigan.org/main.cfm?cid=2235 to learn more.

Good Luck!

Banks & Organizations that Loan Money to Women Entrepreneurs!

13 Sep

Hi Ladies,

Okay! so you have exhausted all avenues when it comes to financing your business. You have decided that the best option for you at this time is to get a loan.  Where do you go? who do you turn to for help when your bank is not listening?

Here are several institutions that having lending programs for women in business and that make mircoloans to women business owners, minorities, and small businesses.

ACCION USA

ACCION USA is a private, nonprofit organization that provides microloans up to $50,000 and other financial services to low and moderate-income entrepreneurs, including women and minorities who are otherwise unable to access bank credit for their small businesses.

ACCION USA is NOT affiliated in any what with ACCIONNOW.com (a fraudulent website).

KEY BANK

Even during tough times, at least one bank is out there gunning for women in business. KeyBank has an impressive long-term record of lending programs for business women and has recently recommitted themselves to helping women entrepreneurs start, grow, and keep their businesses going during the recession.

ILLINOIS MINORITY, WOMEN , and DISABLED PARTICIPATION LOAN PROGRAM (MWD/PLP)

Small businesses that are 51 percent owned and managed by women, minorities, or who are disabled may be eligible for microloans up to $50,000. All businesses must employ fewer than 500 full-time employees.

The Department’s interest rate will be established at the time of its loan commitment. DCEO’s interest rate on this program variation may be lower than on a regular participation. Funds available for this program can be used for a number of business activities, such as purchase and installation of machinery and equipment, working capital, purchase of land, construction or renovation of buildings. Funds cannot be used for debt refinancing or contingency funding.

MASSACHUSETTS BDC CAPITAL COMMUNITY LOANS FOR WOMEN AND MINORITIES

BDC Capital provides community loans to companies that are minority or women-owned, not-for-profit, employ a predominantly minority workforce, or demonstrate a direct positive impact on economically disadvantaged areas.

The loans may be used for equipment, real estate, working capital or any other reasonable business or community development purpose.

GRAMEEN BANK

Nobel Prize winner Muhammad Yunus, founder of the successful Grameen Bank women’s microloan program in Bangladesh, has come to New York, the global center of capitalism, to do what American banks won’t do. He is lending money to poor women. According to their website, Grameen lends nearly $100 million in microloans every month.

WISCONCIN’S WOMEN’S BUSINESS INITIATIVE CORPORATION

WBIC offers microloans up to $100,000 with special programs for women small business owners. In addition to lending programs for women they also offer education programs, seminars, and business assistance and referral services.

The City of West Allis has teamed up with WWBIC to provide support to West Allis entrepreneurs. Through the use of Community Development Block Grant (CDBG) funds, WWBIC can lend up to $25,000 for small businesses in the city of West Allis.

WBIC does not lend to nonprofit organizations.

CIT

CIT Small Business Lending Corporation is one of the nation’s leading providers of Small Business Administration (SBA) loans. They have been designated a Preferred Lender by the SBA which gives them the authority to make credit decisions on behalf of the US government. This enables them to process loans more quickly and efficiently than many other SBA lenders so you can get the financing you need quicker.

*Remember! before seeking out a loan, try bootstrapping, entering contests, or borrowing from friends and family.

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