Rules and Regulations

 The 2007 Queens StartUp! Business Plan Competition will select and honor nine (9) original Business Plans from prospective Queens entrepreneurs.

Please read the following eligibility requirements and competition rules.

1.           Application. Entrants to the competition must complete an eligibility application to enter the Queens StartUp! Business Plan Competition. Applications will be distributed only at the Orientation Sessions. Completed applications must be postmarked or received at the Queens Economic Development Corporation by Monday, December 3, 2007 by 5:00 pm.

2.            Age. All Competition applicants must be at least 18 years of age and must be residents of Queens. Documentation will be required.

3.             Location. The business proposed in the applicant's Competition application must operate in the Borough of Queens, New York.

4.            Residency. All individual applicants and team members must be legal residents or U.S. citizens. All individual applicants and team leaders must be residents of Queens. Documentation will be required of the finalists.

5.           Start Ups Only. All businesses must have ideas or business concepts that require startup capital. Existing and operational businesses that exceed $10,000 in annual revenues are not eligible. If your venture has an existing Employer Identification Number (EIN) issued by the IRS and/or has structured itself previously as a Sole Proprietorship, General Partnership, Corporation, or Limited Liability Company you will be asked to explain on the application form why your business is a start-up.

6.             Individual and Team Entry. One or more people (up to five individuals) may submit an entry as part of a team, all team members involved in the proposed business described in the plan must be listed on the application. Competition entrants may enter only once, either as an individual or as part of a team. The team must appoint one individual as the main contact and one other as the secondary contact. All team members will sign the application reflecting their understanding and acceptance of the stated rules. The Competition purse awarded represents the financial amount in total that will be given to: a team's main contact to be disbursed to use for the purposes stated in the Competition plan.

7.        Orientation Sessions. All eligible applicants must attend one of the Competition orientation sessions at the Queens Library. This session will cover the competition requirements and will review the process that will be used to judge the business plans and disburse awards. Applications for the Competition will be distributed only at the orientation session. Signed applications are due by 5pm Monday, December 3, 2007.

Back to top