Participants in the EnterPrize Business Plan Competition, regardless of whether they have won or lost, have attracted a total of more than $160 million in venture funding over the course of the eight years the competition has been in existence. This is because previous EnterPrize participants have been able to take advantage of coaching and assistance, which in turn has enabled them to polish their business plans for use in attracting further venture capital. In addition, participants engender relationships with the business and venture community at large, as a result of their participation.
Managed by the Pittsburgh Technology Council, the EnterPrize Business Plan Competition is the region's premier regional competition for aspiring entrepreneurs, and its objectives are to foster an entrepreneurial environment in southwestern Pennsylvania, to increase access to capital and to establish a channel for the commercialization of products, services and technology.
The geographic scope of EnterPrize encompasses Allegheny, Armstrong, Beaver, Bedford, Butler, Cambria, Fayette, Greene, Indiana, Lawrence, Somerset, Washington and Westmoreland Counties.
Sponsors of the 2007 EnterPrize Business Plan Competition include Citizens Bank, Comcast Business Class, Idea Foundry, Innovation Works, KFM Katz Ferraro McMurtry P.C., Pittsburgh Life Sciences Greenhouse and the R.P. Simmons Family Foundation.
The Pittsburgh Technology Council is the first and largest regional technology trade association in the United States with more than 1,400 member companies within its geographic territory of 13 counties in southwestern Pennsylvania. Its mission is to contribute to the success of the region's technology businesses, and it focuses on developing the economic strength of three industry clusters: advanced manufacturing, life sciences/biotechnology and information technology.
|SOURCE Pittsburgh Technology Council|
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