Up to $25,000 Offered to Winners in Utah Start-Up Competition

Salt Lake City, UT, March 03, 2011 --(PR.com)-- Idea Partnership of Utah, a local business incubator, is offering entrepreneurs the opportunity of a lifetime by providing free office space, business and development mentoring, marketing, and up to $25,000 in funding to launch their web-based business idea.

James Borzilleri, founder of Idea Partnership of Utah, is a successful entrepreneur who has spent the past 15 years working on a variety of online projects that have been used by millions of consumers and businesses. “Idea Partnership gives me the chance to give back to the community and help other entrepreneurs and businesses succeed,” said Borzilleri. Idea Partnership of Utah focuses on web-based, technology, and software companies.

Developing technology and growing a business is hard and it’s certainly harder going it alone. Idea Partnership of Utah has a team of business and tech savvy people that can help. “Every entrepreneur could use $25,000 in seed funding, and the mentoring and business advice you receive from Idea Partnership is actually more valuable than the money we offer,” said Adam Hunt, VP of Business Development.

Statistics show that by starting a business with a business incubator and using its experience and mentorship, the chances of an entrepreneur’s success increase dramatically. A study conducted at the University of Michigan found that 87% of businesses developed within a business incubation program stayed in business long term. This type of investment in young companies is also beneficial to the state, eventually creating jobs and bringing more wealth to Utah.

Entries will be accepted from March 1st – April 30th 2011. Entrepreneurs who want to take advantage of this opportunity can submit their idea and business plan through Idea Partnership of Utah’s website. For complete terms and more information, visit http://www.ideapartnership.com

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