Awards and Prizes
Terms of the Cash Awards
While the goal of the SVBPC is to provide an impetus for entrepreneurship at SJSU and to recognize the writing of excellent business plans, we also want to foster the creation of new ventures. To this end, the disbursement of the cash prizes will be linked to progress on new venture formation. That is, we want the cash prizes to be used in starting the company for which the winning business plan was written, so while 25% of the awards will be paid at the time of the award, the remaining 75% of these awards will be paid upon showing progress such as valid business start-up expenses, etc. (See the Rules & Guidelines for details about what valid business expenses are and progress reporting.)
The following are the confirmed prizes for the 2012 competition:
- Bill Barton First Prize Award: $10,000
- Second Prize Award: TBA
- Third Prize Award: TBA
- Best Written Business Plan Award: $500
Teams are also eligible for in kind awards such as free office space, coaching and mentoring. We reserve the right to amend the Terms until opening of Registration.
