Today, Alaska Growth Capital announced the opening of the 2020 North Slope Marketplace business plan competition for Arctic Slope Regional Corporation (ASRC) Shareholders. The competition aims to increase entrepreneurial activity in the North Slope region by supporting ASRC Shareholder-owned businesses with technical training, mentorship, and potential financial support. Competition winners receive up to $25,000 in grant funds that can be exclusively used to grow or expand their business idea. Applications are being accepted until April 30, 2020.
The North Slope Marketplace business plan competition, administered by Alaska Growth Capital, is open exclusively to ASRC shareholders who either live in one of the eight communities of the North Slope, or whose business would directly benefit the region. Since 2009, Alaska Growth Capital has awarded over $1 million to more than 50 North Slope businesses through the program.
Once applications are submitted, up to 10 Semi-Finalists will be selected to participate in a mandatory three-day business training in Utqiagvik in July 2020. The boot camp’s goals are to equip participants with the tools they need to write business plans, with the support of entrepreneur mentors and experts. Winners are chosen based on final submitted business plans.
Interested applicants are encouraged to contact Alaska Growth Capital with any questions. The North Slope Marketplace online application and staff contact information are at NorthSlopeMarketplace.com.