Selection

4. Win Awards of Grants: June 05, 2019

Winners to be announced and grants to be awarded. The award monies can be used for operating expenses including equipment, rent, renovations, inventory and marketing. Those awarded grant money must agree to be in business and open a storefront in eligible/designated commercial trade zones of Downtown Franklin, The City of Franklin, and the following incorporated Towns of Southampton County: Courtland, Capron, Newsoms, Ivor, and Boykins by December 31, 2019.

Franklin Businesses Photo by Brian Beachum
Those awarded grant money must agree to be in business and open a storefront in eligible/designated commercial trade zones of Downtown Franklin, The City of Franklin, and the following incorporated Towns of Southampton County: Courtland; Capron; Newsoms; Ivor; and Boykins by December 31, 2019.
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3. Compete BUSINESS PITCH: May 29, 2019

Submit your business plan by May 22, 2019 then pitch your business plan to our panel of judges on May 29, 2019 for your chance to win $20,000 for first place, or $10,000 for second place to put towards your business!

You will be provided with all of the training and tools that you will need to develop your business plan. You will then pitch your business idea to a panel of judges. $20,000 for first place or $10,000 for second place in prize money is available for distribution to the top and most successful pitches as determined by the judges.

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2. Learn Training Courses: April 03, 2019 - May 15, 2019

Over the course of several months, at no cost to you, we will be providing seven two-hour training courses to participants taught by Business Professionals. These courses cover topics that are key to successfully launching your own business venture and include:

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April 03, 2019
5:30pm to 7:30pm
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Simple Steps for Starting a Business Overview
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April 10, 2019
5:30pm to 7:30pm
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Sales & Marketing
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April 17, 2019
5:30pm to 7:30pm
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Accounting
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April 24, 2019
5:30pm to 7:30pm
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Finance & Credit
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May 01, 2019
5:30pm to 7:30pm
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Innovation & Branding
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May 08, 2019
5:30pm to 7:30pm
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Business Planning
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May 15, 2019
5:30pm to 7:30pm
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Business Plan Working Session

You will be provided with all of the training and tools that you will need to develop your business plan. You will then pitch your business idea to a panel of judges. $20,000 for first place or $10,000 for second place in prize money is available for distribution to the top and most successful pitches as determined by the judges.

Attendance at all seven courses is mandatory to be eligible to pitch your idea to the panel of judges and to win any prize money.

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1. Apply Registration Deadline: MARCH 15, 2019

If you have ever thought about owning and operating your own business, but never quite had the motivation or impulse to pull the trigger… NOW is the time! STARTUP Franklin Southampton is the ideal program to get you started on the pathway to becoming your own boss with the opportunity to win $20,000 for first place or $10,000 for second place in prize money.

Those who wish to participate must complete our application form. You can apply conveniently online, by mail, or in person at the Franklin Business Center starting on February 01, 2019.

* Open to new or expanding businesses only. Governmental Agencies and Non-Profits DO NOT qualify.

About STARTUP Franklin Southampton

STARTUP Franklin Southampton is a partnership between the Downtown Franklin Association and Franklin Southampton Economic Development, Inc. with funding provided by Bronco Federal Credit Union.

If you have ever thought about owning and operating your own business, but never quite had the motivation or impulse to pull the trigger… NOW is the time! STARTUP Franklin Southampton is the ideal program to get you started on the pathway to becoming your own boss, and the opportunity to win a grand prize of $20k and runner up prize of $10k never hurt anyone either. Join us for our very own business plan competition!

Program Overview

The following is an outline of the steps that must be taken to be eligible for any amount of prize money from the STARTUP Franklin Southampton program. Also listed are the mandatory dates and deadlines of program events that all participants must attend. The minimum requirements outlined below must be met in order to qualify to participate in the program.

Please contact - Ashley Cotton via email at contact@startupdowntownfranklin.com or call 757-562-1958 for more information about the program.

Steps for Participant Selection

  1. Complete the online application or download, fill out, and submit an application via US Mail, email or deliver it in person to the Franklin Business Center by March 15, 2019.
  2. Staff will review your application to determine if it satisfies minimum qualifications. You will then be notified if your business is eligible for consideration.
  3. Once chosen the participant must attend all seven of the business courses on the days listed below from 5:30 p.m. - 7:30 p.m. at the Main Event:
    • Class #1 Simple Steps for Starting a Business Overview: Wednesday, April 03
    • Class #2 Sales and Marketing: Wednesday, April 10
    • Class #3 Accounting: Wednesday, April 17
    • Class #4 Finance and Credit: Wednesday, April 24
    • Class #5 Innovation and Branding: Wednesday, May 01
    • Class #6 Business Planning: Wednesday, May 08
    • Class #7 One-on-one Business Plan Working Session: Wednesday, May 15
  4. At the conclusion of the business courses participants must submit a business plan via US Mail, email or deliver it in person to the Franklin Business Center by May 22, 2019.
  5. All participants are required to present a 5-10 minute business pitch to a panel of judges on May 29, 2019 at the Main Event.
  6. Winners of the program will be announced at the Awards and Business Showcase event on June 05, 2019 at the Main Event.

It is MANDATORY that participants attend all events listed above.

Award Guidelines

  • The award monies can be used for operating expenses including equipment, rent, renovations, inventory and marketing.
    • One grand prize winner will receive $20,000
    • One runner-up winner will receive $10,000
  • Award winners of any amount must open their business in eligible/designated commercial trade zones of Downtown Franklin, The City of Franklin, and the following incorporated Towns of Southampton County: Courtland, Capron, Newsoms, Ivor, and Boykins by October 31, 2019.
  • All award monies must be spent with appropriate documentation provided by December 31, 2019.

Evaluation Criteria

Applicants will be evaluated on the following key criteria:

  • Overall business idea/concept
  • Local economic diversification/type of business
    • Retail and restaurant type businesses rank highest
  • Viability of business and potential for success
  • Potential for business growth and job creation
  • Marketing opportunity and approach
  • Quality of business plan
  • Management team
  • Timeline
  • Financial/funding needs
  • Business pitch at Pitch Night

Round 2 Winners Announced: May 16, 2018

We are excited to announce our three winners!!! Spoken Interior Homes was awarded $20,000, Children’s Therapy Concepts was awarded $10,000, and Tiers to You was awarded $8,000!!! We can't wait to see the success each of these businesses have in Downtown Franklin!

Katrina Sykes-Manley
Katrina Sykes-Manley
open_in_newSpoken Interior Homes
Awarded $20,000
Kim Mallon Smith
Kim Mallon
open_in_newChildren's Therapy Concepts
Awarded $10,000
Andrea Epps
Andrea Epps
open_in_newTiers to You
Awarded $8,000
Winners of the Second Startup Downtown Franklin.

Round 1 Winners Announced: June 14, 2017

We are excited to announce our three winners!!! Franklin's Seafood and Steakhouse and Main Event were awarded $10,000 each and TaylorMade Fitness was awarded $20,000!!! We can't wait to see the success of each business in Downtown Franklin!

LaKenneth Kindred
LaKenneth Kindred
open_in_newTaylorMade Fitness
Awarded $20,000
Mike and Lauren Smith
Mike and Lauren Smith
open_in_newMain Event
Awarded $10,000
Winners of the First Startup Downtown Franklin.
funding partners
Franklin-Southampton Economic Development LogoBronco FCU Logo