City of Denver holds business-plan competition

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The city of Denver is holding a contest for its startups and early-stage businesses, with a $50,000 prize going to whoever submits the best business plan.

At a similar contest organized by the entrepreneurial outfit Galvanize on Friday, Paul Washington of the Denver Office of Economic Development said the winner of the city competition also will get a “shout out” from the mayor in each of his public speeches in the weeks after a winner is announced this fall.

The prize money for the city contest is coming from donated funds. The winner also would receive services donated by sponsors, including a year of free office space, legal consulting, tax and accounting help, strategic marketing and social media advice.

Applicants can start entering this week through mid-September.