Odessa Business Challenge

Business Plan Deadline

Business Plan Submission Deadline:
January 18, 2018 at 5pm

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The Process

Step 1 Icon
Mandatory Orientation

Orientation Information
Step 2 Icon
One Page Summary Fact Sheet
Summary Fact Sheet Information
Step 3 IconJudges Choose Top 15 Submissions
Step 4 IconSubmit Full Business Plan with Financials
Business & Financials Info
Step 5 IconJudges Choose 8-10 Finalists
Step 6 IconFinalists Pitch Their Idea Live
Step 7 IconJudges Choose 5-7 Winners
Step 8 IconAwards Ceremony


The Odessa Business Challenge, which will be funded by the Odessa Development Corporation and overseen by America’s Small Business Development Council at UT Permian Basin (SBDC), is designed to assist entrepreneurs in expanding an existing business or starting a new one.

Each participant will gain a better understanding of how to develop and follow a realistic business plan and model for a growing business. This undoubtedly will have a positive economic impact for Odessa.

By attending the mandatory orientation that the SBDC will present, entrepreneurs and business owners who are interested in applying will better understand the requirements of the competition. Participants will be able to attend multiple seminars providing vital information and guidance to assist them in developing a fact sheet as well as a full business plan, which will be submitted as part of the competition.

Once qualified, all entrants will have access to one-on-one business coaching, expertise and other pertinent resources offered at the SBDC. These meetings will discuss strategy, assist with building financials and finalize business plans before they are submitted.

Winners can request a share of $350,000 in grants from the Odessa Development Corporation.

Important Dates

All participants MUST attend one of the orientation sessions below to be included in the competition:








Contact the SBDC to begin the registration process.

Application Process



Five independent judges will read and score the Investor Fact Sheets to determine who will move on to the next round. In the final round the judges will read, score and choose which business plans move on to presentation day. Once they have heard each finalist present their business idea, the judges will determine who will win a share of $350,000 in grants.

Cost to Participate