AFBF closed entry submissions for its third Rural Entrepreneurship Challenge on June 30 and is pleased to announce the submission of 355 applications from 39 states. Judging of entries submitted by entrepreneurs competing in the challenge – who are vying for $145,000 in startup funds – is under way.
“We are ecstatic and pleased with the great applications and innovations occurring in rural communities across the country!” said Dr. Lisa Benson, AFBF’s director of rural development.
“We exceeded our goal for the number of applicants and doubled submissions compared to last year.”
All applications, which include a business plan, video pitch and photo, will be reviewed by judges and provided feedback. The top 10 teams will be announced in October. This includes six teams who will each win $10,000 in startup funds and the final four teams who will advance as finalists.