21st Century Jobs Fund 2008 Competition Update

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This document provides information about Michigan's 2008 Business Plan Competition which is offering $30 million in investments for business proposals in advanced automotive, manufacturing, alternative energy, homeland security, and life sciences that can create jobs in the state within 5 years. It outlines the application process and requirements, including sector focus, job creation projections, budgets, and necessity of matching funds. Awards will be structured as loans negotiated between applicants and the Michigan Strategic Fund board.

Business Économie & finance

21 st Century Jobs Fund 2008 Business Plan Competition Update 21st Century Jobs Fund 6/4/2008

21st Century Jobs Fund 2008 Business Plan Competition Timeline 6/4/2008

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Matching Funds ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],21st Century Jobs Fund 2008 Business Plan Competition 6/4/2008

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Matching Funds Required ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],21st Century Jobs Fund 6/4/2008

2008 Business Plan Competition Q. What constitutes an indirect job? How are indirect jobs calculated? A. Indirect jobs are jobs outside of the applicant organization that are the result of activity anticipated to be generated by the company. This may include, but is not limited to, vendors, subcontractors, or customers who may have added personnel to support the awarded company activities. There is no formula or exact calculation of this number, nor will it officially be counted as ‘job creation’; it is a soft number that can be considered an additional element to be evaluated by the peer review panels to judge the competitiveness of the company's proposal. If the applicant wishes to have the concept of indirect jobs considered as part of the proposal, then the business plan must include a reasonable estimate and justification of the number of jobs outside of the applicant organization that may potentially be created to support the proposed commercialization efforts. 21st Century Jobs Fund 6/4/2008

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Websites www.TheMEDC.org/21CBizPlan (The home portal for the entire business plan competition.) www.MichiganAdvantage.org/21CJF (For information on business support / assistance organizations.) 21stCenturyJob@michigan.org (Email questions by 2 p. m. June 25) www.news.AnnArborSPARK.org (Blog with updates and commentary) 21st Century Jobs Fund 6/4/2008

Panelists David Haviland Shepherd Advisors [email_address] Phil Tepley MI Small Business Technology Development Center [email_address] LeAnn Auer Michigan Venture Capital Association [email_address] Skip Simms Ann Arbor SPARK [email_address] 21st Century Jobs Fund 6/4/2008

Discussion 21st Century Jobs Fund 6/4/2008

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