Chaminade University’s Hogan Entrepreneurial Program and American Savings Bank are currently seeking entries in its Nonprofit Business Plan Competition. The competition, held every other year, is open to Hawaii nonprofit organizations looking to start new ventures that will benefit society. Finalists and winning nonprofits will receive grants ranging from $1,000 to $12,000 to support their proposals.
“We’re pleased to continue this important program that aims to stimulate public interest and support in nonprofit organizations and encourages excellence and innovation in socially-motivated entrepreneurs,” said Dr. Roy Panzarella, director of the Hogan Entrepreneurial Program. “We are also grateful for American Savings Bank’s continued partnership.”
Applicants must submit a statement of intent by February 1, 2022, to participate in the competition. Among the competition’s requirements:
- Applicants must be a new nonprofit organization (in operation less than 12 months prior to entry deadline), a new program of an existing nonprofit organization, or a new for-profit subsidiary of a nonprofit organization.
- Applicants must be located in the state of Hawaii.
- The proposed venture must be designed to benefit society, i.e., it must generate positive social outcomes.
- Only one business plan may be submitted for review.
The deadline for business plans is March 8, 2022. Eight finalists will then be selected to give an in-person presentation on April 12, 2022.
Winners will be announced at an awards ceremony held at Chaminade University on April 27, 2022. Grants will be awarded to first place ($12,000), second place ($10,000) third place ($5,000) and fourth place ($3,000) winners. The remaining finalists will also receive $1,000 each.
For detailed information about the 2022 Nonprofit Business Plan Competition, click here to download the entry packet. The entry packet includes eligibility requirements, entry and review process, recognition and awards, evaluation criteria and FAQs, as well as a sample business plan outline.
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Chaminade University’s Hogan Entrepreneurial Program is a one- or two-year certificate program. Students learn first-hand from experienced Hawaii business leaders and entrepreneurs about the business of getting a new idea up and running. This involves academic coursework, mentorships and internships with business leaders, weekly lectures, study trips, and programs like the nonprofit business plan competition. For more information, visit Chaminade.edu/hogan.