The McAllen Business Plan Competition
The McAllen Business Plan Competition is an initiative to foster new business development in the McAllen Metropolitan Statistical Area (MSA). A prize of $7,500 will be awarded to the selected applicant. The Business Plan Competition is for new, independent, for-profit ventures in the seed or start-up stages in the McAllen area. All ventures must demonstrate market feasibility and the ability to obtain financing from customary lenders.
The competition is intended to simulate the real-world process of entrepreneurs soliciting start-up funds from early-stage investors and venture capital firms. The judges function as venture capital investors deciding on which business venture they would most likely fund. The quality of the idea, the strength of the management team, and the clarity and persuasiveness of the written plan and oral presentation, all influence the judges’ decisions. Ultimately, the winning team should be the team in which the judges would most likely invest money.
The competition is divided into two (2) phases. The selection phase is based on a full business plan presented to the panel of judges. The judges will select projects for the presentation phase. The presentation phase is a 10-minute oral presentation.
For more information about the competition or its rules, please contact the competition administrator outlined below:Jorge Sanchez Director Business Development and Start-ups McAllen Chamber of Commerce 1200 Ash Ave. McAllen, TX 78501 Tel. (956) 682-2871 Ext. 3020 firstname.lastname@example.org
The 2017 Competition
Deadline to apply, May 22nd, 2017
The 2017 Documentation:
Recipient of the 2016 McAllen Business Plan Competition:
Recipient of the 2015 McAllen Business Plan Competition:
Josh Stockel – PJ Pies
Recipient of the 2014 McAllen Business Plan Competition:
Elizabeth Davis – Mi Cocina by The Hour
Recipient of the 2012 McAllen Business Plan Competition:
William Brindson for the Seat-Buddy Business Plan
Recipient of the 2011 McAllen Business Plan Competition:
Geraldo Guerra for his Banana EZ Split Business Plan