The Rhode Island Business Competition has been organized to promote entrepreneurship and the development of start-up and early stage companies in Rhode Island by encouraging submission of plans of original business concepts that will lead to the development of new growth businesses.
The following rules apply:
While business plans may be structured in any number of ways, the approach suggested here offers a concise format.
Need to know more? Check answers to Frequently Asked Questions.
Applicants, 18 years of age or older may apply to the Rhode Island Business Competition.
Prizes consisting of cash and in-kind services, with a total value of at least $150,000, will be awarded to a winner and three finalists in the 2020 Rhode Island Business Competition.
Also, everyone who submits a completed application to the 2020 Competition will receive two consecutive months of free co-working space for their team at Sprout Coworking in the Rising Sun Mills campus in Providence. Free parking and access to meeting space is included.
And all semi-finalists will receive free mentoring services from VMS of Rhode Island.
The bonus winner will automatically qualify as a semi-finalist in Get Started Rhode Island 2020, which will award prizes valued at $50,000.
In addition, finalists will have the opportunity to enter round two of judging in the highly competitive MassChallenge accelerator program -- and be one step closer to potentially joining the MassChallenge Rhode Island cohort.
Application and Judging Schedule
To participate in the Rhode Island Business Competition, applicants must complete and submit an online application by 5 p.m. Eastern time (U.S.) on March 30, 2020.
After reviewing the applications, the judges will invite semi-finalists from each track to submit complete business plans by April 14, 2020.
Semi-finalists will be selected from each track and will be invited to make a 5-minute presentation to the judges on April 22, 2020.
Finalists will be selected from semi-finalists and invited to a 25-minute meeting with the judges on April 29, 2020.
Winners will be announced at an Awards Ceremony on May 6, 2020.
See recommended guidelines for formatting business plans.
This website is maintained by and hosted by Envision Technology Advisors,
Technology Partner of the RI Business Competition since 2016.
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