John Lynn, a two-time finalist and one-time winner in NCET’s Donald W. Reynold’s Governor’s Cup Business Plan Competition, emerged as the winner of the Southern Nevada Business Plan Competition with his concept of Sportsriffic, a web-based fundraising system for amateur sports. For having polled the highest score from five judges, Lynn won a package of startup assistance including $5,000 cash, six months of office space, advertising, technology, leadership, strategic and marketing consulting, and advertising valued at nearly $65,000 combined.

"It’s amazing, I can’t believe it, this is very exciting, this is going to make my business a reality," Lynn said late Friday.

The outreach center at the University of Nevada, Las Vegas School of Business decided last year to launch its Southern Nevada Business Plan Competition, co-sponsored by the Las Vegas Business Press. Many schools stage such contests for students, but UNLV opened its version to anyone with a nascent idea. Read full story:

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Entry Deadline for College Students February 24, 2010

Nevada’s Center for Entrepreneurship and Technology (NCET) has announced that the Intent to Compete deadline for the 2010 Donald W. Reynolds Governor’s Cup is February 24, 2010. Students that are interested in entering a business plan must first submit an “Intent to Compete” form online at http://govcupnevada.com/intent-to-compete by that date.

The Donald W. Reynolds Governor’s Cup is the only state-wide collegiate business plan competition which encourages students from Nevada’s universities and colleges to consider entrepreneurship as a career option, and gives students real-world experience in developing business plans. During the competition, students receive feedback and guidance from Nevada’s business community as they compete for cash prizes totaling nearly a quarter of a million dollars.

This year’s awards ceremony will take place at the Atlantis Casino Resort Spa in Reno on April 22 where three winning graduate teams and three winning undergraduate teams will be awarded the $20,000 first prizes, $10,000 second prizes and $5,000 third prizes. 

“We have been so encouraged with the growth of the competition and the competitive entrepreneurial spirit that it has been able to foster since its inception,” said Emily Somerville of NCET. “It has been an exciting experience to watch these future entrepreneurs and business leaders become so involved and dedicated in the competition.”

In addition to the top three cash prize winners, NCET will again award The Lt. Governor’s Award and a $5,000 cash prize to the business plan that best employs clean, renewable or efficient energy technologies and services.

Finalists from Nevada will then go on to compete nationally in the Reynolds Cup Tri-State tournament. Nevada’s first and second place Governor’s Cup prize winners will compete against the first and second place winners from Arkansas and Oklahoma for an additional cash prize pool of $90,000. The Reynolds Cup oral presentations and awards ceremony will be held in May at the Red Rock Resort in Las Vegas.

For more information on event sponsorships, competition entry information, and awards gala reservations, visit www.GovCupNevada.com or contact Emily Somerville at (775) 853-4226 or (702) 944-9722 or Emily@NCET.org.

TMCC to Host Annual Business Plan Competition
Event Needs Judges to Succeed

Truckee Meadows Community College’s School of Business and Entrepreneurship will host its 3rd Annual Business Plan Competition, which will being with informational meetings in September and conclude with oral presentations given by the six finalist teams and an award ceremony on Feb. 4, 2010. Currently, the college is seeking judges to ensure the event’s success. 
 
The competition’s goal is to encourage the importance of developing high quality business ideas and business plans, as well as to provide students with resources not only to write comprehensive, complete and concise strategies but to also see those plans implemented within the community. The competition will include students from TMCC, TMCC High School, University of Nevada, Reno (UNR), Western Nevada College (WNC) and Sierra Nevada College (SNC).

The winners of last year’s TMCC Business Plan Competition placed third at the Donald W. Reynolds Governor’s Cup Collegiate Business Plan Competition held by Nevada Center for Entrepreneurship and Technology (NCET).
 
For information on the competition including important dates, please go to http://tmcc.edu/business/competition/.

If you can assist or for more information, please contact: Marie E. Murgolo-Poore, Ph.D., associate dean of the school of business and entrepreneurship, at 775-337-5608 or mmurgolo@tmcc.edu; or Jasper Allen Jacobs, student assistant to the dean, at 775-673-7215 or jjacobs@tmcc.edu.