The Rhode Island Business Competition aims to create and foster growth companies in Rhode Island that will increase local employment.
Donor Name: Rhode Island Business Competition
State: Rhode Island
County: All Counties
Type of Grant: Awards and Prizes
Deadline: 03/25/2025
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
The Rhode Island Business Competition has been organized to promote entrepreneurship and the development of start-up and early stage companies in Rhode Island by encouraging submission of original business concepts that will lead to the development of new growth businesses.
Prize
- Prizes consisting of cash and in-kind services, with a total value of over $100,000, will be awarded to a winner and 2-3 finalists in the Rhode Island Business Competition
- The bonus winner will automatically qualify as a semi-finalist in Get Started Rhode Island, which will award prizes valued at $50,000.
Eligibility Criteria
Applicants, 18 years of age or older may apply to the Rhode Island Business Competition.
Rules
- Business pitch decks may be submitted by individuals or by teams, but all applicants must be 18 years of age or older
- There is no limit on the number of people on a team
- Any area of commercial endeavor is valid
- All applications must be the original work of those making the submission
- Applications must describe a new business or an early stage company
- All semi-finalists must agree that, should they be chosen as a finalist or winner, they will use prize winnings to establish or continue operations that employ people in Rhode Island
- Existing businesses may propose a new business that would have operations in Rhode Island
- Applicants risk disqualification if they attempt to approach a judge, or have someone do that on their behalf, in connection with the Competition
- Finalists present to the judges on April 22, 2025
- The decisions of the judges are final, including interpretation of the rules and allocation of prizes.
For more information, visit RBIC.
