Enterprise Elgin is a business plan competition designed to foster business development in the County of Elgin through new business initiatives as well as business expansions.
Contestants may submit business ideas in any field, including services, manufacturing, distribution, health care, Internet, consumer products, retail, technology, and other fields of commercial endeavor. Every submission will be reviewed by the selection committee and five finalists will be selected. These finalists will be asked to present their business plan before a panel of judges on October 22, 2015. From these five contestants, the judges will select one winner who will receive a prize package worth over $10,000. These prizes that will help take the winner’s business to the next level. The package includes over $3000 in cash, graphic design and website services, free banking, one-year of rent-free office space and memberships in local business organizations.
The Competition is directed at for-profit businesses including start-ups as well as expansions of existing companies. To be eligible for the prize, contestants of the business plan competition must agree to locate the company’s principal place of business in Elgin County (outside St. Thomas city limits) at the time of the award.
The submissions will open August 1 and close on September 30. Finalists will be notified shortly after, with the ultimate winner being announced after the finals held at on Thursday October 22 at the New Sarum Diner.
Applications will be available at Elgin Business Resource Centre locations in Aylmer (516 John St. N, Aylmer), Dutton (99 Currie Rd., Dutton) and St. Thomas (300 South Edgeware Rd.), at the Elgin County Economic Development office (450 Sunset Drive, St. Thomas) and online.
Entrepreneurs needing assistance in creating a business plan or wanting a business plan template please contact the Elgin Business Resource Centre at 1-877-450-2128.
Sponsors of this contest include Meridian Credit Union, Redding Designs, Black Cat Concepts, the St. Thomas & District Chamber of Commerce, the Aylmer & Area Chamber of Commerce, the Elgin Innovation Centre, the Elgin Business Resource Centre and the County of Elgin.