News

Yale School of Management – The Goldman Sachs Foundation Partnership on Nonprofit Ventures Announces National Business Plan Competition Finalists including – Jodi Rasmussen and Joy Williams of Child Care Resources of Missoula -CONGRATULATIONS !!

February 19, 2004 /

MATR Sponsor (view all)

Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

551 Nonprofit Organizations Enter Competition;
20 Are Selected to Final Round to Compete
for $500,000 in Prize Money and Business Planning Assistance

***************

Jodi Rasmussen and Joy Williams of Child Care Resources, http://www.childcaretraining.org/ a Missoula-based Child Care resource and referral agency, entered the Yale Business Plan Competition (outlined below) and were selected as one of 20 finalists. They will be travelling to New York City to present in the final round for a chance to win either a $100,000 or $25,000 grant to fund the startup of their non-profit venture.

Child Care Resources’ Online Training Venture will deliver high-quality, instructor led, short topic training, 24-hours a day, 7-days a week over the Internet to child care providers, so that they can meet their annual training and licensing requirements.

Child Care Resources

127 East Main

Suite 314

Missoula, MT 59802

(406) 728-6446

(800) 728-6446

**************

Thanks to Larry Williams for passing this along- Russ

**************

New Haven, Conn., February 17, 2004 – "The Yale School of Management – The Goldman Sachs Foundation Partnership on Nonprofit Ventures" today announced its selection of 20 nonprofit organizations to proceed to the final round of the National Business Plan Competition for Nonprofit Organizations.

The 20 finalists are in the planning stage, or early stages of operating income-generating business ventures. They will spend the next three months working with business planning consultants and Yale School of Management students to strengthen and finalize their business plans. (For a full report on the finalists and Competition entrants, see http://www.ventures.yale.edu/statusreport_second_competition.asp.)

On May 12 – 13, 2004, the 20 nonprofit finalists will present their business plans to a panel of expert judges at the Second Annual Conference and Awards Ceremony in downtown New York City at the Museum of Jewish Heritage. The judging panel will select four grand-prize recipients, each of whom will receive $100,000 and four runners-up, each of whom will receive $25,000. In addition to cash awards, the winners will receive hundreds of hours of business planning consultations to assist their organizations in implementing their business ventures. Presentations are open to the public. To register, visit http://www.ventures.yale.edu/aboutconference.asp

The judging panel, still in formation, will consist of a diverse collection of experience and expertise that lends tremendous value to the Competition. It includes: Rick Antle, Senior Associate Dean of the Yale School of Management and the William S. Beinecke Professor of Accounting; Richard Fishman, Executive Vice President of MacAndrews & Forbes Group, Inc.; Roderick von Lipsey, Private Wealth Management, Goldman Sachs & Co.; and Lynn Taliento, Principal of McKinsey & Company and co-founder and leader of the Firm’s Global Nonprofit Practice.

Yale SOM Professor Sharon M. Oster, a leading authority on competitive strategy and nonprofit management and co-faculty director of The Partnership, commented, "We continue to be enormously impressed by the high quality of the business ideas coming from the nonprofit sector. Once again, this year, our dedicated group of talented evaluators from the Yale School of Management, Goldman Sachs & Co., McKinsey & Company, and other experts in the field did a yeoman-like job in sorting among these excellent plans to help us find the 20 finalists. Though it was quite difficult to turn down plans that were truly superb, we expect many of these ventures will move forward with other sources of funding and project champions, and we hope that they return to our Competition next year."

Stanley J. Garstka, Deputy Dean of the Yale School of Management and co-faculty director of The Partnership added, "It’s gratifying to see significant improvement in the quality of ideas, strategy, and business planning skills coming from the nonprofit community. We were also quite pleased to see that nearly 400 Yale School of Management alumni, about 10% of our alumni base, served as competition evaluators this year and last. This speaks to the close relationship between The Partnership on Nonprofit Ventures’ goals and our school’s mission-to educate leaders for business and society."

About The Partnership on Nonprofit Ventures

The Partnership on Nonprofit Ventures was funded through combined grants totaling $6 million made by The Goldman Sachs Foundation and The Pew Charitable Trusts. The Yale School of Management – The Goldman Sachs Foundation Partnership on Nonprofit Ventures educates nonprofits about nonprofit enterprise, serves as a mechanism for capitalizing promising profit-making ventures with financial support, and provides intellectual capital to build the practice of social entrepreneurship in the nonprofit sector at-large. As its signature event, The Partnership runs the National Business Plan Competition for Nonprofit Organizations. The Partnership maintains a comprehensive online Resource Center with current research, articles, and discussion boards on the subject of nonprofit enterprise and social entrepreneurship. For more information, visit http://www.ventures.yale.edu.

For more information, contact Samantha Beinhacker,
co-Deputy Director for The Partnership, 201-894-8950,
[email protected]

To read descriptions of the business ventures of the finalists in the National Business Plan Competition, go to: http://www.ventures.yale.edu/statusreport_second_competition.asp

Bushnell Performing Arts Center, Hartford, CT, http://www.bushnell.org

Charles River Watershed Association, Waltham, MA, http://www.crwa.org

Child Care Resources, Missoula, MT, http://www.childcaretraining.org

Coastal Enterprises, Inc., Portland, ME, http://www.ceicommunityventures.com

DARTS (Dakota Area Resources & Transportation for Seniors), West St. Paul, MN, http://www.darts1.org

Doe Fund, New York, NY, http://www.doe.org

Dress for Success Cincinnati, Cincinnati, OH, http://www.dressforsuccess.org

I Do Foundation, Washington, DC, http://www.idofoundation.org

Inner City Christian Federation, Grand Rapids, MI, http://www.iccf.org

Institute for Caregiver Education, Chambersburg, PA, http://www.caregivereducation.org

La Casa de Don Pedro, Newark, NJ, http://www.lacasanwk.org

Living Bank International, Houston, TX, http://www.livingbank.org