Wednesday, October 8, 2008

Contest to award $100,000 to one tech biz in PA Counties

A state-funded economic development entity will award $100,000 to help a technology-oriented company grow in this region.

The award is a four-fold increase in prize money from previous Big Idea Business Plan contests held by Ben Franklin Venture Investment Forum and Ben Franklin Technology Partners of Central and Northern PA.

Interested entrepreneurs can go to for rules, entry forms and information. Dec. 17 is the deadline to apply.

To qualify, entrepreneurs must have a marketable business idea, less than $500,000 in sales year to date for 2008 and less than $500,000 for all of 2007. The company must have fewer than 50 employees and have not received previous Ben Franklin Technology Partnership funding.

Preferred industry sectors include, but are not limited to, nanotechnology, green technologies, alternative energy, advanced manufacturing, advanced materials, medical devices, information technology and software.

Applicants must have business operations or be willing to start a business in any one of 32 participating counties, including Adams, Bedford, Blair, Cambria, Cameron, Centre, Clarion, Clearfield, Clinton, Crawford, Cumberland, Dauphin, Elk, Erie, Forest, Franklin, Fulton, Huntingdon, Indiana, Jefferson, Juniata, Lancaster, Lebanon, McKean, Mercer, Mifflin, Perry, Potter, Somerset, Venango, Warren and York.

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