Application period for the first round of Path to Prosperity is now closed. Applications will be scored by a three member panel in which ten finalists will be selected to attend a three-day intensive business boot camp.
Path to Prosperity is a Business Development Competition open to individuals, for-profit businesses, and tribal entities that have or intend to have a significant operating presence in the Bristol Bay region of Alaska. The business idea may be an original business concept or an extension of a current business activity. It can be a product, service, or social venture. Those with business ideas, start-up concepts, and/or established businesses are all encouraged to read the 2019 official rules and guidelines. Download the paper application here.
Round 1: Business Concept Description
Applicants submit their business concept or idea. At this stage, we don’t need a detailed business plan. We just want to get to know your business idea and why you think your idea is sustainable, or triple-bottom-line friendly. Bristol Bay Development Fund anticipates opening Round 1 in mid-July and closing the round in mid-September. Applications will be judged by independent reviewers, and 10-12 finalists will be selected to attend a start-up boot camp.
Round 2: Your Business Plan
A three-day intensive set of workshops and one-to-one discussions with local experts who will help teach finalists the skills they need to make an individualized business plan, enhance their entrepreneurial skills, and expand their network and resource base. Lodging, airfare, and food are sponsored for the 10-12 finalists. We anticipate the boot camp will be held November 15-17th, 2019.
Boot camp participants will continue to develop a business plan and compete for a grant to use towards technical assistance or consulting services.
For questions or to inquire about Path to Prosperity, contact Cindy Mittlestadt at (907) 265-7865 or firstname.lastname@example.org.
Be sure to follow Bristol Bay Development Fund on Facebook, too! www.facebook.com/bristolbaydevelopmentfund