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Native Youth Business Plan Competition

Opportunity to USA Teams of Youth Affiliated with a
Tribe to Participate in a Competition for Start-Up Funding

Agency Type:

Federal

Funding Source:

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First Nations Development Institute (First Nations) and National Center for American Indian Enterprise Development (NCAIED)

Deadline Date:

01/15/20 5:00 PM Mountain Time

Description:

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Opportunity to USA teams of youth, between 14 and 24 years old, affiliated with a state- or federally recognized tribe to participate in a competition for business funding. The competition is intended to replicate the actual process that entrepreneurs who are looking for start-up funding undergo. The judges will decide which business venture they would most likely fund. The competition will consist of a high school division and college division.

Applications will be evaluated on a scoring matrix considering the following:

  • Value Created by the New Product or Service
  • Attractiveness of the Market Opportunity
  • Competitive Advantage of the Proposed Venture
  • Marketing and Sales
  • Capital Requirements and Financial Forecast¬†

Ultimately, the winning team should be the team in which the judges would most likely invest their money.

GrantWatch ID#:

GrantWatch ID#: 187525

Number of Grants:

The top three teams from each division are awarded small prizes. One first-place team, one second-place team, and one third-place team will receive financial awards.

Estimated Size of Grant:

The first-place teams will receive $7,500, second-place will receive $5,000 and third-place will receive $2,500.

The top three teams from each division will be awarded small prizes to aid in their business ventures.

Additional Eligibility Criteria:

The Native Youth Business Plan Competition is open to teams of two to three Native youth who must be able to attend a one-day workshop and on-stage competition on Tuesday, March 3, 2020, at the Reservation Economic Summit (RES). Youth semifinalists are welcome to attend the entire RES Summit which will be held March 1-5, 2020 at the Paris Las Vegas hotel in Las Vegas, Nevada.

Members of each team must be affiliated with a state- or federally-recognized tribe and must be between 14 to 24 years of age. The competition will consist of a high school division and college division. Teams are required to have up to three youth of the same age group/division. You cannot have one high school youth and one college youth.

Semifinalists under 21 years of age are required to have an adult chaperone accompany them at the conference. First Nations will pay for one chaperone per team, if needed. Semifinalists under the age of 18 years of age are also required to submit a signed parental/guardian consent form with their application.

Pre-proposal Conference:

First Nations will host two optional Question & Answer (Q&A) Sessions for interested applicants prior to the application deadline. These Q&A sessions will provide an opportunity for applicants to ask questions about the application, selection criteria, guidelines, or other related questions. Participation is NOT mandatory; however, applicants are strongly encouraged to participate in one of the calls.

Application Q&A Sessions will be held on:

Thursday, December 12, 2019 at 10:00 A.M. Mountain Standard Time
To register, please go to: https://attendee.gotowebinar.com/register/3636456991131608077

Thursday, December 19, 2019 at 4:00 P.M. Mountain Standard Time
To register, please go to: https://attendee.gotowebinar.com/register/5711933622628663053

Friday, December 27, 2019 at 1:00 PM Mountain Standard Time
To register, please go to: https://register.gotowebinar.com/register/7879901172611128844

Pre-Application Information:

The application deadline is Wednesday, January 15, 2020, no later than 5:00 PM Mountain Time.

Any exceptions to use of the online system must be made at least two weeks in advance of the application deadline by submitting an email request or calling the office.

Ten semifinalist teams (5 high school division teams and 5 college division teams) will be awarded travel scholarships that cover registration, airfare, lodging, meals and ground transportation to attend RES 2020 to pitch their business plans in front of a panel of Native judges and investors.

Should you have additional questions about the RFP or this specific opportunity, please contact Kendall Tallmadge.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply online: https://www.grantrequest.com/SID_1243?SA=SNA&FID=35229

Submit requests for online application exception to: grantmaking@firstnations.org
or call 303-774-7836

Kendalll Tallmadge
ktallmadge@firstnations.org

First Nations Development Institute
National Headquarters
2432 Main Street, 2nd Floor
Longmont, CO 80501
Tel: 303.774.7836
Fax: 303.774.7841
info@firstnations.org

URL for Full Text (RFP):

Geographic Focus:

USA: Alabama;   Alaska;   Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Hawaii;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Kentucky;   Louisiana;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Mississippi;   Missouri;   Montana;   Nebraska;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   North Dakota;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   South Dakota;   Tennessee;   Texas;   Utah;   Vermont;   Virginia;   Washington, DC;   Washington;   West Virginia;   Wisconsin;   Wyoming

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