The Spring 2013 PTP NEXT Business Competition Grants Cycle will begin on January 25, 2013 when online applications open, with winners announced at the beginning of May.
The Three Stage Process
The application requires a short and broad description of the project with details about your plan for the project during the ensuing 12 months, and expectations for the future of the company. Companies who complete and submit an application prior to the Early Deadline of 2/11/2013 will receive feedback. Applicants can continue to refine and update their submissions until the final deadline of 2/25/2013.
If your company is selected as a semifinalist in the competition, you will be invited submit your full proposal, a 10 page “business plan” including a realistic, detailed budget for the activities to be funded with the grant. Entrepreneurial frugality is encouraged, and will be taken into account when evaluating proposals.
Based on the judges’ evaluation, approximately five proposals will be selected to make finalist presentations. The company leader will make a short presentation followed by a Q&A session with a panel of reviewers, including investment professionals, industry experts and experienced entrepreneurs.
If your company is selected to receive a grant, you and the investment review team will identify mutually agreed-upon milestones and execute a grant agreement. Grant funds will be distributed based on achieving those milestones over the ensuing 12 months.
Ready to start? Click here, or click on the iStart Button above to go to the application website.
Working on your application offline? You can download this PDF Version see the questions. Application Questions PDF
Questions about the application and review process? Contact us