Forums: Discussions for entrepreneurs and small business.

I know this is not very traditional, and is a bit of a long shot, but I`ve discovered that there are foundations and such that hold contests to fund start-ups. Can anyone point to any legit ones? Any pointers about this type of funding?

Maeintexas,

The business plan contests I`ve researched, offer a fairly small prize - which may not be commensurate with the time and effort involved.

Going through the process can be good experience. However, many have different criteria for selecting a winner than an investor would use. As I`ve told several of our clients, I would participate for the experience and (especially) the contacts - if those connections would be helpful to you and your business.

But, I would continue on your main road to acquiring capital - so if you win it`s like receiving a bonus. 

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