Tory C. Marandos Entrepreneurial Challenge
Founded in 2011, the Challenge honors the entrepreneurial spirit of Tory C. Marandos, who died on December 12, 2006. Tory began his own business at the age of 21, managing approximately 30-35 employees. Always looking to the future, he had plans to invest in the real estate market, start a restaurant, and continue developing the business where he was the General Manager when his dreams and life were cut short. This entrepreneurial challenge supports other entrepreneurs in their efforts to start and grow businesses in New Hampshire.
The 2016 Challenge Winners Are...
Port City Pretzels, Suzanne Foley
Using a family recipe to create seasoned "hard" pretzels, this snack food company brings together flavored pretzels and the charm of New Hampshire's seacoast.
Awato, Matthew Guruge and Tyler Hurst
A web platform to introduce people to new opportunities and eliminate career confusion while enabling businesses and recruiters to identify applicants using more advanced and diverse metrics.
Hope Bars, Christine and Eric Bell
A business that creates a quinoa based "super food" producing a snack bar that is good for the consumers and community by donating to children's based charities for every purchase.
Old Sol Music Hall, Matt Wilhelm
A not-for-profit based in Manchester that will provide a first-class venue to showcase national and regional touring performers, as well as local artists, while leveraging the arts to make a positive social impact.
The Center for Exceptional Children & Families, Jennifer Abraham, Melissa Blanock, and Carmen Reisener
An outpatient center that will serve children with developmental disabilities, intellectual disabilities, and mental health disorders through evidence-based psychotherapy, training and assessment.
- $2,000 cash from the family of Jacques Thibodeau in his loving memory
- $500 cash each
Thursday, April 7th - Concept Papers are due to firstname.lastname@example.org by 11:00 p.m. Concept papers are currently being accepted.
Thursday, April 21st - 10 Semi-Finalists are announced
Saturday, April 30th - Mandatory Business Plan Training for the Semi-Finalists
Thursday, May 12th - Business Plans are due to email@example.com by 11:00 p.m.
Wednesday, May 25th - 5 Finalists are announced
Saturday, June 11th - Mandatory Pitches & Awards Ceremony
Rules, Requirements & Process
Who Can Apply
- Applicants can be currently in business, a start-up business, or have a business idea.
- If currently in business, the applicant must have owned the business for less than three years.
- Existing businesses must be in New Hampshire.
- The Challenge is open to business owners and entrepreneurs of all genders.
- Interested entrepreneurs will submit a two-page business concept paper.
- If you have been one of the five finalists in the past, you are ineligible to apply.
The Concept Paper
- Must be in PDF format with 1 inch margins, 12 point, Times New Roman font, single spaced.
- Two pages maximum, not including a title page.
- Title page must include name, position, and title for each member of the business.
- One person must be designated as the contact person and must provide contact information including address, phone number, and email address.
- The concept paper should answer:
- What is the problem that the business solves or what opportunity is being taken advantage of?
- How will you accomplish your business goals for the sale of your product or service?
- How will the business make money?
- Concept papers will be reviewed and judged. The top ten papers will be selected for the next phase.
- Ten semi-finalists will move forward in the Challenge.
- The 10 semi-finalists will attend the mandatory Business Plan Training.
- The 10 semi-finalists will submit their 5-page business plans following the format discussed at the Business Plan Training.
- Five finalists selected by the judges will present to the judges.
- Applicants must adhere to the above schedule.
- Attendance at the Business Plan Training and Pitch presentation are mandatory.
- Following the presentations, there will be an awards ceremony with the Marandos Family where the winners will be announced.
- The CWBA reserves the right to disqualify anyone that does not meet the requirements.
- No CWBA staff members serve as judges. The CWBA administers the Challenge and has no influence on the decisions of the judges.
- The Marandos judges will blind judge the concept papers and business plans.
- All decisions of the judges are final.
Congratulations to Adam Barnett of Blink-Able for winning the 2015 Tory C. Marandos Entrepreneurial Challenge! See pictures from this year's awards ceremony below.
1st Place - Blink-Able - Adam Barnett
2nd Place - Wine Down at Home with Cava de Vino - Sharie Webber and Steve Williams
Honorable Mention - Manchester Food Coop - Heather Avella and Steven Freeman
Honorable Mention - Small Steps Learning Center - Sue and Kimberly Sennett
Honorable Mention - Subsurface Insights - Roelof Versteeg
2014 1st Place - Four Paws Inn - Danyelle McCormick & Christy Martel
2014 2nd Place - High Street Farmhouse - Jennifer Lutzen & Guy Streitburger
2013 1st Place - Creative Chef Kitchens - Neelima Gogumalla
2013 2nd Place - Breathe Esthetics - Cherie Shaw
2012 1st Place - Studio 550 - Monica Leap
2012 2nd Place - Wise Technology - Roger Bailey
2011 1st Place - Blue2Green