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Barrett Foundation Business Concept Challenge

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Event:
Barrett Foundation Business Concept Challenge
Date:
June 16, 2014
Cost:
Free
Organizer:
National Forest Foundation
Venue:
DEADLINE
Address:
DEADLINE,
Register here


$100,000 available for innovative market-based solutions to natural resource issues benefitting U.S. National Forests and Grasslands

EXTENDED Electronic Pre-Proposal Deadline:
8:00 AM MDT on Monday, June 16, 2014 

Program Scope Expanded

 

 

Barrett Foundation Prize

The Challenge

The forests and grasslands that comprise our nation’s 193-million-acre National Forest System provide a diverse array of goods and services, including wood products, fish and wildlife habitat, clean air and water, and recreational opportunities ranging from developed ski areas to remote wilderness destinations. Managed for multiple public values, these lands often generate controversy as natural resource managers face challenges not contemplated by the founders of the National Forest System more than a century ago.

The National Forest Foundation works with the U.S. Forest Service and other partners to leverage the best thinking, conservation capacity, and community action to measurably improve the health of our National Forests and Grasslands. We are committed to engaging diverse interests and communities in addressing the challenges of forest management through innovative solutions. Increasingly, we recognize that durable solutions for public resources require a strong market-based foundation in order to succeed and provide lasting benefits for society.

The Need for Innovation

We established the Barrett Foundation Business Concept Challenge to encourage and reward innovative market-based solutions to natural resource issues affecting National Forests and Grasslands and to stimulate entrepreneurial natural resource solutions to forest health challenges. The Challenge offers an interactive learning experience for interdisciplinary teams, as well as an opportunity to develop and launch new business ventures to address natural resource issues. The Challenge provides a unique opportunity to develop and implement investable ideas with tangible benefits for National Forests and Grasslands.

The objectives of the Barrett Foundation Business Concept Challenge are:

  • To develop and launch market-based solutions that satisfy multiple goals of forest health, sustainable use, and economic development, including job creation.
  • To stimulate creative thinking to address problems and identify opportunities that benefit the National Forests and Grasslands.
  • To encourage design and develop interdisciplinary approaches to address complex natural resource challenges.

The Award

The Barrett Foundation Business Concept Challenge offers a $75,000 cash award to the winning submission and a $25,000 cash award to the first runner-up in the final stage of the competition. Through a multi-step evaluation process, each team participating in the Challenge develops and articulates a market-based strategy and measurable objectives for addressing a natural resource issue affecting the U.S. National Forests and Grasslands. The business concept must reflect real opportunities and address financial, operational, and organizational aspects of implementation. The finalist teams will make presentations to the program’s review committee.

Review Committee

 The Barrett Foundation Business Concept Challenge review committee is comprised of the following distinguished judges:

  • Craig R. Barrett, former Chairman and CEO, Intel; Vice Chairman, National Forest Foundation Board of Directors.
  • Tom Tidwell, Chief, U.S.D.A Forest Service.
  • Mike Brown Jr., Founder & General Partner, Bowery Capital.
  • Hal Salwasser, Professor and former Dean, Oregon State University College of Forestry.
  • William J. Possiel, President, National Forest Foundation.

Application Process

Learn more about how to apply for the Barrett Foundation Business Concept Challenge, visit the Application Process Page