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Des Moines venture capitalist John Pappajohn has announced the launch of the fifth annual John Pappajohn Iowa Business Plan Competition.

The competition is designed to stimulate business development and is open to those in business less than six years.

A total of $50,000 will be awarded to the top three submitted business plans: $25,000 for first prize, $15,000 for second prize and $10,000 for third prize. Honorable mention awards of $1,000 will be given to additional companies.

The winner will be named at the Iowa Venture Capital and Entrepreneurs Conference in Des Moines on Oct. 5. For more information, including rules and eligibility, visit www.iowabusinessplancompetition.com.

Original Article: Pappajohn contest taking applicants | desmoinesregister.com | The Des Moines Register

Author: DesMoinesRegister.com