The 2019 Business Plan Competition is now down to the final three.
Out of 10 local businesses, three bested their counterparts and were announced as the finalists during the Oct. 10 pitch night of the annual business competition.
The top three entrepreneurs vying to win the competition and prizes valued at more than $70,000 are:
• Alicia and Shawn Rizzo of Kraken Motorsports, a business that provides performance solutions to automotive enthusiasts.
• Michelle Crim of Dynamic Development Strategies, a consulting business designed to help small and start-up nonprofits with their fundraising needs.
• Veena Somareddy of Neuro Rehab VR, a company that develops virtual reality therapy exercises that help speed up neurological physical recovery.
The three companies will deliver a 7-minute comprehensive business plan to impress a panel of judges during the finale on Thursday, Oct. 24 in the MET Building at UNTHSC Campus.
Frost Bank is the competition's presenting sponsor. The founding sponsors are the City of Fort Worth, Capital One Bank and The Alternative Board. Fort Worth Business Press is also one of the prize sponsors and the competion's media sponsor.
After receiving hundreds of entries, only 25 applicants were accepted into the competition. The top 10 were announced on late September.
The grand prize winner will receive $10,000 in cash from Frost Bank, while second and third place will receive $5,000 and $3,000 in cash, respectively.
Additionally, more than $70,000 of cash and in-kind services are up for grabs, including access to co-working spaces, professional business coaching, advertising services, and opportunities to interact with all of Fort Worth’s Chambers of Commerce.