SVA Announce Semi-Finalists for the 5th Annual National Business Plan Competition, Sponsored by Bank of America
Student Veterans of America | December 7, 2016
SVA Chapter Grants, sponsored by Bank of America, are designed to encourage student veterans to think about long-term sustainability strategies and develop the best possible plans for their chapter. They can use these awards to fund events, conference travel, or purchases needed to enhance the experience for student veterans in an SVA Chapter.
Members of Santa Fe Community College SVA present during the 4th Annual
SVA National Business Plan Competition at NatCon 2016.
The winner of last year's SVA National Business Plan Competition, Santa Fe Community College, did as any good business would do, they leveraged the money they received from the SVA Chapter Grant, and the bonus grant for winning the business plan competition, in order to double their resources. By spending $1,500 from the award on raffle items, which they chose based on a survey of students on their campus, they were able to more than double their resources and raised almost $4,000. With that money, they were able to engage in teambuilding activities, like white water rafting, and produce an end of year luncheon to honor all the student veterans that were graduating from SFCC.
Having a plan is critical to any mission's success. For an SVA chapter, codifying a business plan is a battle-tested method to ensure that you're setting priorities, making progress toward your goals, and keeping the good idea fairy at bay. A strong business plan will enhance chapter sustainability, set clear goals, and lay out strategies for success.
Leaders from six different SVA chapters have been invited to pitch their business plans during this year's annual National Business Plan Competition, sponsored by Bank of America, at the SVA 9th Annual National Conference. Chapters were selected based on the strength of the business plan they submitted as part of SVA's Chapter Grant Program. For those attending the conference, the competition is an opportunity to learn about the innovative strategies and high impact models being implemented by their peers.
The six semi-finalists competing in this year's National Business Plan Competition will be:
- Kansas State University
- San Diego Mesa College
- University of Arkansas - Fort Smith
- University of Delaware
- University of Memphis
- University of Southern Maine
These six chapters will present on Saturday, January 7th during an early-morning, closed-door competition in front of a panel of judges from the corporate and nonprofit sectors. Two chapters will make it to the big stage to pitch their plans to the entire conference. While all competing chapters have already received an SVA Chapter Grant of up to $2,000, the top three chapters will each receive an additional cash prize as part of the competition. This is a face off you don't want to miss!