Kayakers enjoying the stream in the SUN-GAZETTE FILE PHOTO area. PA Wilds, a state program that promotes outdoor recreation, is partnering with Ben Franklin Technology Partners to host a contest seeking innovative business ideas.
This week, entrepreneurs gathered at Bold Birds Brewing Company on the Jersey Shore to learn how to reap the rewards of big ideas.
“This is a really great opportunity.” John Sider, vice president of business development at Ben Franklin Technology Partners. “Even if we don’t win, we still want to help you.”
Sponsors of the Big Idea Contest were on site to speak with entrepreneurs and outline the ground rules of the contest.
The contest challenges entrepreneurs to devise innovative and commercial approaches to commercial enterprise, awards a first prize of $50,000, and is limited to businesses with sales revenue of $1 million or less.
“We’re really excited to bring the contest to this region.” said Abby Peters of the Pennsylvania Wilds.
The deadline to enter the contest is April 18th.
As part of the application process, companies are asked to consider questions such as market opportunity, innovation description, potential customers, competition, economic development, and product financing.
“Even if you don't win the award, we can take steps to make your business idea a reality.” Said Sider.
Josh Bradley, regional manager for Ben Franklin Technology Partners, said his organization was created in part to keep technology in the state.
Its mission includes developing technology startups, supporting manufacturers in applying new technologies, and promoting community-wide infrastructure for business technology.
As part of its partnership with Ben Franklin, Pennsylvania Wilds hopes to help foster economic development across its vast regional network.
“We're trying to connect.” said Lakeshia Naar, Entrepreneurial Ecosystem Director at Pennsylvania Wilds. “We are mindful of how we promote the area.”
Tim Keohane, director of the Penn State Small Business Center, said the organization provides a variety of services to entrepreneurs, including planning, financial forecasting, bookkeeping and market analysis/research.
“We are a great intermediary for businesses and provide them with the best resources.” He said.
Jen Jones, technical advisor for the Penn State Technical Assistance Program, said her organization is reaching out to small businesses.
Services include pollution prevention, product development, and entrepreneurial support.
Jason Fink, president of the Williamsport/Lycoming Chamber of Commerce, said he was pleased with the turnout of business owners interested in the event.
“It was unique to people who had ideas.” He said.
