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green products Business Plan Competition 2007-8

The competition has ended! Congratulations to Justin Jamison and Brooks Einstein for taking first place in the Green Products Business Competition with their company, Local Food Solutions.
Find out more on our News page.

original competition guidelines

Participants should describe the commercialization of a “green” product that is made from bio-based materials or made from recycled or recyclable materials, or a technology that reduces environmental pollution or produces renewable energy.   Winning participants will receive prize money to launch a business with the support and guidance of the Foster Student Innovation Center team!
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Awards
First Place: $5000*
Second Place: $1000*
Encouragement Award: $500*

*Prize money must be used for eligible business expenses as defined by the Forest Bioproducts Research Initiative (FBRI).

Eligibility

1. Participants should be full or part-time undergraduate or graduate students registered for 2007-2008 academic year at any college or university in Maine.
2. Business plans may be submitted by an individual or by a team of students.
3. Teams may include non-students as long as at least one student member is an integral partner in the project.
4. A team may not consist of more than five members.
5. Business plans must be for a start-up business and not for an existing business.
6. Teams may submit a plan for their own product idea or one provided by the FBRI. Information about product ideas provided by the FBRI will be presented at the November 2007 workshop.

Dates to remember

October 25, 2007, 12:30 – 1:45 pm:  Market-Based Conservation Lunch and Learn at the Foster Student Innovation Center (FSIC)
November 14, 2007, 3-5pm: How to Write the Plan Workshop at the FSIC
November 28, 2007, 3-5 pm: Green Products Business Opportunities Workshop at the FSIC
December 21, 2007, Noon: Application form due at the FSIC
January 24, 2008, 4pm: Competition plan due at the FSIC
January 31, 2008, 3–5pm: Oral Presentations
February 1, 2008, 2pm: Winners Announced and Awards Given

(Participants may request assistance for the business plan and green business opportunities through January 17, 2008).

Download Application Materials

Application Form (due 12/21/07)
Business Plan Guidelines

    © 2008 Student Innovation Center • University of Maine, Orono, Maine