COLUMBUS- The Farm Bureau’s Rural Entrepreneurship Challenge is now open and accepting applications for the 2018 challenge.
“This is the fourth year of the rural entrepreneurship challenge, it’s a way for the american farm bureau and farm bureaus across the nation to give back to rural entrepreneurs and help rural communities thrive as some of these entrepreneur are the kick starters of the communities that may have diminished over the years. We give out $145,000 in start up funds to a variety of 10 companies, and those are broken down in sub categories everything from brewers, ag tourism and everything in between,” said Audrey Schipporeit, the Nebraska Farm Bureau’s Director of Generational Engagement.
The application process can be found online at www.nefb.org
“The application is online right now, it opened May 1st and will close June 30th. It involves a few questions about your business plan and the future of your business. It also includes a 2 minute video pitch that you upload to youtube. After that, the judges will review the applications and select 10 finalists in October. Of those 10 finalists, they’ll travel to Washington D.C. to get a behind the scenes view of american farm bureau as well as some resources for entrepreneurs. In January, the final four will compete at a shark tank style live competition for an additional $15,000 for entrepreneur of the year. Or $10,000 for people’s choice awards which is voted on by people across the country. Nebraska was fortunate enough to have a people’s choice award last year, so they got an additional 10,000 to bring home to Nebraska which was very exciting,” said Schipporeit.
Audrey Schipporeit would encourage anyone that is on the fence of applying, to give it a shot.
“I would encourage anyone who’s business is on the verge of taking off, this is a great way to get some start up funds to take you to the next level. Maybe create a prototype like some of the past winners have…