Marina, Calif. – The Marina Technology Cluster (MTC) (www.marinatechnologycluster.org) today announced that over the winter and spring of 2010 it will produce the first annual Monterey Bay Regional Business Plan Competition with business, education and government partners from the entire tri-county region to showcase the business potential of the area; support regional start-ups; attract business and investors to the region; encourage business students to become entrepreneurs; and promote tech transfer, innovation and commercialization.
“Forward-thinking angel and venture capitalist investors from Sand Hill Road are beginning to look in our direction for opportunities outside the Silicon Valley box,” said MTC Director Susan Barich. “The young companies are here, and we’re looking to bring them out of the valleys and hills and showcase them.”
During the May 7 event to be held at the Irvine Auditorium at the Monterey Institute of International Studies, finalists will present to panels of angel investors and venture capitalists from groups like the Band of Angels, Central Coast Investors Roundtable and Wavepoint Venture Capital. Leading up to that event, the winter and spring will be filled with deadlines for applications, workshops for completion of business plans and presentations, and events that showcase existing, successful start ups from Scotts Valley to Watsonville to Hollister to Cannery Row.
Prizes range from cash from NextSpace Coworking + Innovation in Santa Cruz, Goodwill Industries, the County of Monterey Redevelopment Agency and the cities of Watsonville and Marina, to services, including legal assistance from Entreprelaw in Santa Cruz, space at the MTC, and business consulting from Barich Business Services of Santa Cruz and Khan-Bernier of Marina. Support is also provided by Wells Fargo Bank through a grant to the incubator.
Partners involved in the planning and implementation of the competition since May, 2009, include Cal State University at Monterey Bay (CSUMB) Business School professor Brad Barbeau; Dean of the Fisher International MBA Program at the Monterey Institute of International Studies Ernest Scalberg; Monterey County Weekly Publisher Erik Cushman; angel investors Dr. Rock Clapper of the Band of Angels, Chuck Boggs from the Central Coast Investors Roundtable, and Damon Danielson of Pebble Beach Partners; and MTC staff.
Other regional partners include the School of Engineering at the University of California at Santa Cruz, CSUMB Continuing Education, the City of Santa Cruz, the Santa Cruz Chamber of Commerce, the County of Monterey Redevelopment Agency, the City of Seaside, the City of Hollister, Experience Communications of Carmel, The Economic Development Corporation of San Benito County, the City of Watsonville Redevelopment Agency, Golden Capital Network, the Central Coast Small Business Development Center at Cabrillo College, and the Monterey Peninsula Chamber of Commerce.
A one-page application for the competition is due on Friday, February 26 by 5:00 p.m. and is available at www.MarinaTechnologyCluster.org, along with instructions, entry forms and a participation agreement.