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Competitors selected for Iowa Business Plan Competition

Contact: 

Randy Pilkington, director, UNI John Pappajohn Entrepreneurial Center, 319-273-5732

Rebecca Schultze, communications and public relations manager, UNI College of Business Administration, 319-273-3309, rebecca.schultze@uni.edu

CEDAR FALLS, Iowa -- From the 50 executive summaries submitted to the John Pappajohn Iowa Business Plan Competition, 20 have been selected to submit full business plans for the judges' review.

"Each year the quality of the businesses competing improves," said Randy Pilkington, director of the University of Northern Iowa John Pappajohn Entrepreneurial Center. "We were pleased to have a wide range of business types with broad geographic representation competing this year."

From this round of competition, seven to 10 business plans will be chosen as finalists and invited to present to a panel of judges. Based on the presentations, the judges will select three businesses to present at the Iowa Entrepreneurs Conference and Venture Forum on Oct. 25. The winner will be announced at that time.

The John Pappajohn Iowa Business Plan Competition is designed to stimulate business development and provide support for outstanding business plans. This year a total of $50,000 will be awarded to the top three submitted business plans ($25,000 for first prize, $15,000 for second and $10,000 for third). Honorable mention and $1,000 will be awarded to additional companies.

For more information, visit the competition website, www.iowabusinessplancompetition.com, or contact one of the John Pappajohn Entrepreneurial Centers located at Drake University, Iowa State University, North Iowa Area Community College, the University of Iowa and the University of Northern Iowa.

The John Pappajohn Entrepreneurial Centers provide entrepreneurial education and business support, partnering with agencies like the Small Business Development Center, the Iowa Department of Economic Development, Entrepreneurial Development Centers and local entrepreneurs to assist with funding and other business needs.