The HIPlan Competition is underway. A special category has been added this year for the best business plan cultivated by students at UH Hilo and Hawai‘i Community College.
Semifinalists in a competition between Hawai‘i Island entrepreneurs will pitch their business plans to judges on Oct. 21, 2017. The 15 semifinalists in the HIplan Competition are competing for a $25,000 prize to use as seed money toward their vision. Each of the semi-finalists won a slot after Round One out of 39 plans submitted in September.
The business plan competition is co-hosted by the University of Hawai‘i at Hilo and the Natural Energy Lab (NELHA), and is administered by the Hawai‘i Island Chamber of Commerce. A special category has been added this year for the best business plan cultivated by students at UH Hilo and Hawai‘i Community College.
The purpose of the competition is to stimulate development of an entrepreneurial ecosystem on Hawai‘i Island. The competition encourages contestants to develop or refine their business plans towards developing viable new businesses on the island.
Round Two will be held in Kona at the Incubator Facility called Hale Iako at NELHA. It will consist of a three-round process requiring competence in three vital business plan formats. Entrants will be encouraged to enroll in UH Hilo’s Small Business Development Center’s Business Planning workshops to gain knowledge in business planning.
The final round will be held on Nov. 4, 9:00 to 1:00 p.m., NELHA, where the winner will be announced.
The prize money is donated by the Ulupono Initiative, Hawai‘i Technology Development Corporation, Hawai‘i Strategic Development Corporation, NELHA, Big Island Toyota, Reef Capital Ventures, and Pacific Trial Attorneys.