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Saturday, January 23, 2021

Three finalists will compete in Oct. 26 FW Business Plan Competition

Three Tarrant County businesses have advanced to the final presentation in the seventh-annual Fort Worth Business Plan Competition. The Fort Worth Business Assistance Center hosts the event, which is presented by Capital One.

“We are excited to have our three finalists from more than 50 that originally applied during June,” Robert Sturns, Fort Worth Economic Development Department director, said in the release. “They have gone through a very comprehensive educational process to be able to formulate a good business plan that will positively impact their business and the local economy. We are grateful to our judges, our partners and sponsors who make this competition possible.”

The three finalists will present their business plans to judges Oct. 26 at The Riley Center. A news release provided the following snapshots of each of the businesses:

— Enos, Inc. sells locally designed timepieces that have a stainless steel construction, Japanese automatic movement and hand-made Italian bands with a lifetime warranty.

— Jollitot creates innovative products for babies that make parents’ lives easier and more enjoyable by believing that “the small things truly matter.”

— Myconi Technologies has developed a wireless monitoring device that can be placed inside a box of products or attached to a pallet or container and will monitor environmental conditions (such as temperature, humidity, pressure, light and harsh handling) throughout the supply chain process.

On Oct. 26 each will be judged — 70 percent of their score will come from their business plans and 30 percent of their score will come from their presentations. All three will enjoy some portion of the cash and prize packages, which are valued at more than $50,000.

These three businesses were chosen from 10 semifinalists who competed in a Pitch Night presentation Oct. 12 at the Moncrief Cancer Institute.

The competition began in July and was open to any and all Tarrant County businesses and startups. To begin with, 25 businesses from the entries were selected for four educational sessions and a minimum of two business counseling sessions. Then, 10 were selected as semifinalists based on their submitted plans.

Attendance to the competition is free to the public but registration is required and can be completed at www.fwbac.com.

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