Local entrepreneurs encouraged to enter Minnesota Cup
FERGUS FALLS, MINN — Maybe you have a great business idea—just not the support system or plan to see it become reality. Maybe you have a great business—but it's small, just starting out. Some capital, exposure and sound business advice would sure come in handy, wouldn't it?
Enter the Minnesota Cup: an annual statewide competition to support, celebrate and promote Minnesota's newest and most innovative business ideas. For 10 years, the Minnesota Cup competition—the largest statewide new venture competition in the United States—has supported and accelerated the development of innovative business ideas from around the state. The Cup opened for 2014 entries on March 24. State residents have until May 9 to submit entries to compete for $300,000 in prize money.
This year, West Central Initiative (WCI) is pleased to be one of its sponsors. "Everything the Minnesota Cup hopes to encourage through its competition is exactly what we promote," said Dale Umlauf, WCI's vice president of business development.
Along with helping to articulate a business idea and develop a sound business plan, there are opportunities to expand networks by meeting leading investors, developing relationships in the business community, gaining valuable media exposure and even winning the top prizes of seed capital and professional advisory services from Cup partners.
"We think west central Minnesota entrepreneurs have the talent, industriousness and creativity to do well in the Minnesota Cup. We want to see our region well represented," Umlauf said.
For more information about the Minnesota Cup, visit www.minnesotacup.org. Feel free to call Dale Umlauf too, at 800-735-2239. He would be happy to talk to you about how you can enter.