The application deadline is Tuesday, September 8, 2020 at 12:00 (midnight) AK time. (You can also download the paper application here).
Path to Prosperity (P2P) 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 2020 official rules and guidelines.
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 (BBDF) anticipates opening Round 1 in mid-July, 2020 and closing the round in early-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 multi-day intensive set of virtual 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. Reasonable accommodations will be made to support a finalists’ participation from their home community. BBDF will sponsor reasonable costs to accommodate a virtual leaning environment. Accommodations may consist of stipends for internet costs for the duration of the boot camp or business plan writing period, sponsorship of travel to a nearest hub community for access to internet if internet connectivity is determined too unstable to participate in the boot camp, purchase of equipment to aid in distance learning, or BBDF may adapt its boot camp in consultation with finalists.
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