HOUSTON, Jan. 12, 2016 /PRNewswire-USNewswire/ -- Veterans Business Battle winners will receive cash prizes in addition to investment offers, as part of a partnership the non-profit business plan competition is launching with Amegy Bank.
The winner of the small business category will receive a $5,000 cash prize from Amegy, as well as a substantial funding offer dependent on the winners' business plan and specific request.
The EO Houston Veterans Business Battle, hosted by the Houston chapter of the global non-profit Entrepreneurs' Organization andRice University's Veterans in Business Association, offers veterans seeking investment capital a chance to pitch their ideas to a panel of investors. During the inaugural event in 2015, more than $900,000 of investment offers were extended to finalists.
"We're thrilled to be able to offer our contestants not just the investments, partnerships and mentoring relationships they need, but a sizable cash prize," said Veterans Business Battle Executive Director Phil Butcher. "Entrepreneurs often go to great lengths to launch a business and the cash prize can help offset those sacrifices."
The competition has received more than 70 applications for its 2016 competition thus far. To compete in the 2016 competition, individuals or teams must apply on the competition's website, www.vetbizbattle.com, by the updated deadline of January 31. Finalists will be notified in early February of their invitation to participate in the Feb. 26-27 event at Rice University.
Cash prizes for businesses in the competitions' two other categories, aimed at start-ups and venture capital ideas, are also possible. The investment offers come in the form of loans and equity investments in the company.
Veterans Business Battle, which partners with the U.S. Small Business Association, Amegy Bank, the City of Houston and Rice University, is open to both start-ups and existing businesses ready to grow.
Veterans Business Battle was established in 2015 by The Houston chapter of Entrepreneurs' Organization and Rice University's Veterans in Business Association. The competition aims to foster entrepreneurship among veterans, grow veteran-owned businesses and give back to veterans seeking to make a difference in the business world. For more information, visit www.vetbizbattle.com
Contact: Sara Yonker, 713-296-0004
SOURCE Entrepreneurs' Organization-Houston