February 9, 2007

Utah Economic Summit….An Incredible Opportunity.

Yesterday, Brock Blake, CEO of FundingUniverse, the Utah Governor’s Office of Economic Development and Grow Utah Ventures announced an exciting opportunity that will provide particular benefit to one Utah-based business. At the Governor’s Utah Economic Summit on March 22, 2007, entrepreneurs around the state will have the chance to compete for up to $100,000 in seed capital. Submissions will be accepted until March 6th. It is FREE to apply to participate in the competition. To submit, click here. After the submission deadline, the FundingUniverse team and a selected group of investors will choose the top five submissions. These five companies will be coached and assisted by the FundingUniverse team to prepare the best possible pitch.

On March 22nd, the top five businesses will present LIVE at the summit. A pre-selected group of investors will vote on which entrepreneur will be awarded with up to $100,000. All of those in attendance will benefit from an insiders look into the investment process. What usually goes on behind closed doors will be in the open for the education of all entrepreneurs and businesses in the state.

For those entrepreneurs who do not have a Utah-based business, do not worry. At FundingUniverse, we are looking into having similar events in other states. We are doing all we can to provide similar benefits to entrepreneurs across the nation. To read more about the Utah Economic Summit competition click here.

FundingUniverse to Co-host $100k Business Plan Competition

The other day I alluded to this ...

We're hosting the mother of all Speedpitching events in conjunction with GOED, Grow Utah Ventures and Newspaper Corp. Here's an article in the Trib all about it.

Basically, you can enter the competition by clicking here or going to FundingUniverse.com and submitting an executive summary. Registration is free and you have until March 6th to enter.

FundingUniverse will choose five finalists to pitch five Utah angel investors (and the audience) during a special session of the Utah Economic Summit on March 22nd. The entrepreneur with the best pitch/most prepared company gets an equity investment of up to $100k.

Big shout out to GOED and Governor Huntsman for supporting angel investing here in Utah. The Gov, who is doing a great job overall, has shown a lot of love to the VC community since he began his tenure, but not as much for the angels. This is a great step in the right direction.