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Million Dollar Idea Competition Begins
In an ambitious campaign to create of a million small businesses nationwide, NLS VC is sponsoring a business plan contest where the winners can receive cash grants totaling over $100,000 and a possibility of million dollars in equity financing.
After calling for one million new businesses during National Small Business Week, Michael C. Hill, head of NLS, is putting money where his mouth is. Starting Friday, July 1st, participants in his company's Million Dollar Idea Competition have the opportunity to receive up to one million dollars in seed funding to pursue their business dreams. There will also be thousands in smaller grants to help the aspiring entrepreneurs start or grow their businesses.
All types of submissions are welcome: from a loosely formed idea to a highly detailed business plan. To submit an idea, participants register online at youreinbusiness.com.
After three selection rounds, a grand prize of one million dollars in equity funding will be awarded to the best idea. Cash grants of $5,000, $25,000, or $50,000 will be awarded to runners-up. All participants will "win" because, as members in the NLS network, they will have access to education, mentorship, feedback, and, most importantly, capital.
"This is a business, not a charity," says Hill. "We are offering a free market solution. Competition is a free market principle, so compete for startup money. The competitors will have their ideas and business plans reviewed by professionals, CPAs, MBAs, attorneys, and venture capitalists. I have reached out to Staples, Office Depot, OfficeMax, Intuit, American Express, and others who profit directly from business creation to pitch in."
Whether an experienced entrepreneur or just someone with a fresh idea, this program is designed to take an idea on the fast track to success. It's a win-win for all involved: the entrepreneur wins because he or she is now in the game. NLS Venture Capital wins by adding new businesses to its portfolio. The whole country wins because new businesses mean new jobs.
"Big, small, high-tech, low-tech, it doesn't matter," says Hill. "The key word is 'new' for the economy to start growing again."
NLS Venture Capital is a division of Next Level Solutions, LLC focused on seed and early stage venture capital investment.
For more information, please visit www.youreinbusiness.com.
CONTACT: NLS Venture Capital Megan Renart, 512-501-4399 x
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NLS provides early-stage companies with critical support services, which include consulting, access to capital, technical and business resources, and networking opportunities. We specialize in getting businesses the money they need to launch and expand.