Got A Big Idea For A Business? Make It Bigger

Got A Big Idea For A Business? Make It BiggerPOTTSTOWN PA – If you’re an entrepreneur with a grand idea for a new business, or a plan to radically change an existing one, Montgomery County Community College wants to know about your dream.

The college is accepting applications, through Feb. 28 (2018; Wednesday), for its third annual Karen A. Stout Start-Up Accelerator Fund competition. Named for the college’s former president, the fund provides fledging businesses with much-needed capital to help take them to the next level in their business development.

Selected applicants who submit their business plans by the deadline will be invited to the college in April 2018 to pitch their concepts to a review team. Entrepreneurs chosen by the panel will be awarded between $1,000 and $25,000 to help launch or grow their business ventures. Details about the competition and an online application form are available here.

Winners will work with the college Center for Entrepreneurial Services, and are eligible for inclusion in its Entrepreneurship Academy, co-sponsored by Drexel University’s Close School of Entrepreneurship. They will get assistance in polishing their business plan, setting key milestones and deliverables, and monitoring progress and outcomes.

The college also announced criteria and deadlines for its new Montgomery County Entrepreneur of the Year Award. It is open to any entrepreneur who has had a positive impact on Montgomery County. details about the award, and an online application for it, are here.

Venture capitalist and entrepreneur Wayne Kimmel (at top) was the keynote speaker during a recent event at the college campus in Blue Bell PA to kick off the competition. He encouraged entrepreneurs to work on their networking skills, both in person and online through social media.

The fund is overseen by the college foundation, and its Division of Business and Entrepreneurial Initiatives.

Photo from MCCC by Matthew Wright