LOS ANGELES, CA - 01/31/2017 (PRESS RELEASE JET)
Great news for budding entrepreneurs seeking capital to materialize their business plans! New-age equity crowdfunding platform Mr.Crowd has recently launched its Business Plan Competition to help out aspiring entrepreneurs transcend their potential business ideas into real businesses. The winning enterprises would be able to amass as much as $1 million based on Crowd vote.
“We are thrilled to announce that we have lately launched our Business Plan Competition that is aimed to aid young entrepreneurs in search of adequate capital to turn their amazing entrepreneurial ideas into actual businesses. No, unlike other regular business plan competitions, we haven’t got trophies or prizes for the winners. Rather, we focus on the basic problem of lack of sufficient funding for aspiring entrepreneurs and hence our competition extends the REAL opportunity to gather $1 million, so that the budding entrepreneurs can have the much needed support in bringing their business ideas to life”, stated Allen Au, the founder of the SEC registered crowdfunding portal.
A FINRA member, Mr. Crowd enables SMEs to raise funding for businesses via crowdfunding platform through selling a portion of their enterprise to retail investors. The company functions under Title III of the JOBS Act.
Entrepreneurs taking part in the competition would have to submit their business plans through the Submission Form on Mr. Crowd website and the proposal would be available on the company’s Facebook page. Being an equity crowdfunding platform, the portal rests the judgment power on the “Crowd” only who will decide whether or not a plan is worthy of votes. The TOP 3 submitted business plans garnering highest amount of “Like” on Facebook would be declared as winners.
Any US adult citizen, 18 years or above, confident about his business idea can take part in Mr. Crowd’s Business Plan Competition. If a company aspires to take part, the entity must be a Corporation or LLC incorporated in the States with at least one U.S. (resident) Director.
The business proposal submission window opens from February 1 and the last date of submission is May 1, 2017. The competition has no specific preferences regarding the business plan, only that it has to be really innovative and the participant has to prove that his plan is actually feasible.
“Our participants are required to submit their great business proposals with an appealing pitch video that will highlight the major and pulling aspects of the plan. The business plan can run up to 50 pages or longer and there are no restrictions on the length. If the ‘Crowd’ finds faith in your plan and likes it, you would be the winner. We are confident about the diligence of the Crowd.”
Mr. Crowd will award each winner with Issuer Agreement that will extend the great opportunity to raise capital on the crowdfunding portal with Regulation Crowdfunding.
To complete the Submission Form to participate in Mr. Crowd’s Business Plan Competition, visit to https://www.mrcrowd.com/competition.
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