StartUp Cup Business Model Competition Launches
A Proven Model to Grow Jobs and Entrepreneurial Ecosystems
StartUp Cup is a grassroots, locally driven, business model competition open to any type of business idea. It can be replicated in any community and is a proven model to create viable businesses and grow jobs.
Through the StartUp Cup competition entrepreneurs learn how to create a viable business model and grow their business through a locally driven judging, coaching, and mentoring process.
Communities commit the time, we provide the support and tools to accelerate their entrepreneurial economic development. StartUp Cup is a program designed to foster, mentor and coach entrepreneurs to successful launch of their business and beyond. StartUp Cup assists entrepreneurs in developing viable business models which can not only survive but thrive. By developing and fostering businesses that create jobs and contribute to the economic stability of the local community, StartUp Cup can be the seed needed to grow an entrepreneurial ecosystem.
Thousands of hours were spent perfecting the StartUp Cup business model competition process. In Tulsa, the flagship city where this model has been tested and perfected for the last five years, more than 400 companies have participated in the process. Every StartUp Cup winner is still in business and has acknowledged this process as critical to that success.
Even those entrepreneurs who didn’t win but made to the top 12 semi-finalists benefit from the program. Of those companies, 61% are still in business and every level each has acknowledged the influence of this process.
The StartUp Cup team recognized the value that the business model competition could bring to other communities and developed a model that can be replicated in any town, large or small, anywhere in the world.
Several critical elements make the StartUp Cup unique and contribute to its ongoing success. First, because StartUp Cup is supported by trusted professionals, civic leaders and organizations in the community, local entrepreneurs are more willing to embrace it. Equally important, the entire process has been well documented and includes step-by-step guidelines and procedures essential in creating a replicable and successful business model competition. Most important, the StartUp Cup support team can be retained to provide additional support, if needed, to produce a successful StartUp Cup and ultimately begin the development of the entrepreneurial culture in any community.
Communities are challenged to support a diverse entrepreneurial climate. Although many cities have introduced new entrepreneurship programs, they often do not provide tangible value nor can they survive long-term. Without careful research and proven methodologies, such programs can be a poor investment of time and resources for the community and its nascent entrepreneurs. Furthermore, poorly developed programs have the potential to dilute the impact of an entrepreneurial community in the long run.
StartUp Cup isn’t another new program, it is a tested program supported by a team of veteran StartUp Cup personnel ready to assist. It is well researched and uses a proven methodology.
By participating in a StartUp Cup business model competition, entrepreneurs, as well as their communities, benefit from years of proven success and experience. Additionally, the collaborative environment StartUp Cup inspires brings together all the players necessary to ensure entrepreneurial success, placing everyone involved on the same winning team. Through the participation of community leaders, educators, professionals and corporate supporters, a successful entrepreneurial ecosystem will be created or enhanced.
Launch your own StartUp Cup and learn more here: http://www.startupcup.com