Monfort College entrepreneurial challenge offering $50,000 in prizes

Colorado-based start-up ventures or businesses can apply to win part of $50,000 in prize money in the fifth annual Monfort College of Business Entrepreneurial Challenge at the University of Northern Colorado.

Entrepreneurs can submit entries online at The deadline for applications is Friday, Nov. 8.

Entries will be scrutinized by a panel of experts and semi-finalists will be notified by Nov. 22. Following a second presentation, five finalists will be selected and explain their business plan in a “Shark Tank” format to three judges at Monfort College of Business Entrepreneurial Challenge on Tuesday, March 25.

The first place winner will receive $25,000, second-place $15,000, and the third-place prize is $10,000. Winners will also receive business incubator services from UNC BizHub, the new business incubator at the university.

Past prize winners have included Vertikle Enterprises LLC/5280 Prosthetics, a prosthetic company that took first place in 2013, Branch Out Cider, a Northern Colorado craft cider company which placed second in 2012, and Panda Bicycles, a Fort Collins manufacturer of bamboo bicycles that placed second in 2011.

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