Allan Hancock College students from the New Venture Laboratory (ENTR 103) class will compete for a cash prize of $1,000 at the New Venture Challenge, held May 15 at 6 p.m. at the Santa Maria Fairpark.
The New Venture Laboratory class is a way to help encourage entrepreneurship on the Central Coast. Students receive assistance with market research, advertising, creating prototypes of their product and finally, applying for a provisional patent. At the end of the 16-week class students present their business plans in front of a panel of judges to compete for the grand prize at the New Venture Challenge culminating event.
“It’s nothing like any class you’ve ever taken,” said Anne Cremarosa, director, Small Business Entrepreneurship Center at Hancock. “You’re graded, but the ultimate grade is the $1,000 prize waiting for you.”
The New Venture Challenge is sponsored by the Santa Maria Valley Chamber of Commerce and the Small Business Entrepreneurship Center. The event includes dinner and a speech by keynote speaker Bob Dumouchel, CEO of Systems and Marketing Solutions and president of the Central Coast Software & Technology Association, Inc. (Softec).
“Small businesses in Santa Maria employ 70 percent of the city’s workforce so it makes sense to provide every opportunity for new and existing businesses to develop and grow,” said Dave Cross, director of the Economic Development Commission at the Santa Maria Valley Chamber of Commerce.
Tickets to the event cost $25 or $10 for students. An iPad raffle will be held during the New Venture Challenge, with proceeds going to the Small Business Entrepreneurship Center. For more information, visit www.santamariaedc.com, call (805) 925-2403 ext. 817 or email email@example.com.