Deadline extended for state business competition

Project Vesto, the state business competition designed to bring entrepreneurs together with private investors and venture capitalists, is extending its deadline for proposals to Dec. 31.

Representatives of the Nevada Institute for Renewable Energy Commercialization and the Governor’s Office of Economic Development unveiled Project Vesto, a competition with a $100,000 prize, in October, giving a Nov. 30 deadline for the submission of one-page business plan.

Top plans will be given the opportunity to make a five-minute pitch with the top 10 ideas going to an online vote to determine the winner of the $100,000.

The competition is open to all startup and early-stage ventures with less than $1 million in revenue and less than $100,000 in external equity investment. The winning business models are required to become Nevada-based entities and hold a Nevada business license.

Additional information is available at www.ves.to.

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