Get ready for a challenging, three-stage competition judged by investment professionals and industry experts.
1. Online Pre-Proposal Application (due September 9, 2011)
2. Full Proposal (by invitation, due October 14, 2011)
3. Finalist Presentation (by invitation, November 10-15, 2011)
4. Winners announced (November 28, 2011)
The Three-Step Process
Pre-Proposal Applications –
Open August 15, 2011
Once the online application opens, you can access it through the Apply Now button. The pre-proposal requires a short and broad description of the project with details about your plan for the project during the next 12 months, and expectations for the future of the company.
If your company is selected as a semi-finalist in the competition, you will be invited to download Full Proposal instructions and submit your full proposal via e-mail. Project proposals are approximately 10 pages in length describing, with additional detail, important aspects of the future business.
A detailed budget for the activities to be funded must accompany the project proposal. Budgets must be realistic and reasonable for achieving project goals. The amount requested must match the required project activities and cannot exceed $50,000. Entrepreneurial frugality is encouraged, and will be taken into account when evaluating proposals.
Proposals that best fit the judges’ evaluation criteria will move forward to the final presentation stage. The company leader will be invited to make a short presentation followed by a Q&A session with a panel of reviewers, including investment professionals, industry experts and experienced entrepreneurs. Companies may be required to make presentations in the Triad, Durham or both. Following the presentation, you will be notified of your grant award status. If your company is selected, you and the investment review team will identify mutually agreed-upon milestones. Grant funds will be distributed based on achieving those milestones over the ensuing 12-month period.
August 15, 2011 Applications open
August 26, 2011 Early deadline for pre-proposal applications
September 9, 2011 Final deadline for pre-proposal applications
September 30, 2011 Semi-finalists announced; invited to submit full proposals
October 14, 2011 Full proposal deadline
November 4, 2011 Finalists announced and invited to present to panel of experts
November 10-15, 2011 Presentations (exact date to be confirmed)
November 28, 2011 Notification of grant recipients
Questions about the application and review process? Contact us at firstname.lastname@example.org.
Register to receive regular updates on the PTP NEXT Business Competition or follow us on Twitter.