Seven Santa Cruz County startups will vie Friday in the first round of 2013 Monterey Bay Regional Business Plan Competition, according to organizers.
JobEscrow of Scotts Valley, which has developed outplacement insurance, is returning in the venture category. Other locals include Digital Media Factory of Santa Cruz, which creates digital advertising, FlexSweep Industries of Watsonville, which has developed a shock-absorbing broom, American Community Solutions of Santa Cruz, which enlists citizens to use their smart phone to report and fix community problems, and Hydrogarden Industries of Santa Cruz, which has developed a turbo trimmer.
They are among 26 entries in the venture category, where the winner gets $50,000 in cash and services donated by local sponsors. Venture entries are expected to bring a return of 10 percent in three to five years.
Santa Cruz Core Fitness, which opened in 2009, is one of 15 entries aiming to win $5,000 cash in the main street category for local or regional businesses creating jobs in the tri-county area. Owner Jaimi Ellison was named 2013 Woman Entrepreneur of the Year in January by the U.S. Association for Small Business and Entrepreneurship.
A dozen students are entered in the student category, where the prize is $1,000 cash.
The Santa Cruz startups will face competition from Monterey, San Benito and Santa Clara counties including Wan2Learn.com,
which took first place in the Startup Weekend in January at CSU Monterey Bay.
For information, go to www.MBRCompetition.com or follow at www.twitter.com/MBRBizPlan,
Follow Sentinel reporter Jondi Gumz at Twitter.com/jondigumz
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