Farm Bureau's Rural Entrepreneurship Challenge is accepting applications from entrepreneurs working on food and agriculture businesses. A total of 10 teams will be selected for the 2018 Farm Bureau Rural Entrepreneurship Challenge, four finalists and six semi-finalists. These business owners compete for a share of $145,000 of startup funds.
The Farm Bureau Rural Entrepreneurship Challenge is the first national business competition focused exclusively on helping rural entrepreneurs overcome hurdles they face.
Nebraska wins big in 2017
Last year, two Nebraska startup businesses were selected as finalists in this competition, including Levrack of Seward, that designed a mobile shelving unit to meet the needs of efficient, lower-cost shelving for farm shops and garages, and Windcall Manufacturing Inc. of Venango, who designed the GrainGoat, a hand-held harvester that collects, cleans and calculates the moisture of small grains within minutes.
Each of the four finalists received $15,000 in startup funds. Members of the public participated in a live-streaming of the event finals and voted online to select the People's Choice Award, which was given to Levrack, along with an additional $10,000.
"This is a wonderful program that really helps rural entrepreneurs," Audrey Schipporeit, Nebraska Farm Bureau's director of generational engagement, says. "Rural entrepreneurs typically face unique challenges including limited options for startup funding, which Farm Bureau aims to address through the challenge. Farm Bureau is focused on elevating rural entrepreneurs, their ideas and their skills to make good things happen in rural areas."
Applications accepted until June 30
Applications for the challenge opened May 1 and will be accepted until June 30. The finalist will compete during the American Farm Bureau Federation annual convention in Nashville, Tenn., for a chance to win an additional $15,000 in prize money, courtesy of sponsor Farm Bureau Bank. After a live-stream of the event, members of the public will be invited to vote online for the People's Choice Award, which gives an additional $10,000 in startup funds.
For more information about the AFBF Rural Entrepreneurship Challenge, contact Audrey Schipporeit at [email protected].
Source: Nebraska Farm Bureau