The SC2 Hartford Challenge has two phases. During phase I, the City’s goal is to attract proposals from qualified, multidisciplinary teams. A panel of community leaders will evaluate initial proposals. These community leaders possess extensive experience working with entrepreneurs. Phase I winners will be selected and awarded cash prizes totaling $100,000. The winning teams may use those funds to further develop their proposals into formal plans. After Phase I, a select group of Finalists (including the top three winners) will be named and will advance to Phase II. Those Finalists will develop more comprehensive Economic Development Plans, to build a roadmap to Hartford's success.
Here is more detail:
Phase l
In the first phase, your team will submit one Economic Development Proposal (Proposal) to establish Hartford as TheCity for entrepreneurs. Your Proposal must meet specific criteria and formatting requirements per the Proposal Instructions.
Your Proposal must identify and address ways of leveraging the City’s existing resources and assets as well as identify necessary new or enhanced resources. It may address ordinances and policies that may impact entrepreneurs relocating into the City, such as transportation, housing, workforce education, taxes, etc. It should define potential impediments to entrepreneurship and innovation, as well as methods for overcoming them.
Winning Proposals will include the following preliminary components:
- Sustainability and operational plans
- A budget with sources and uses of both private and public investment
- Plans for recruitment and branding/marketing
- Curriculum for technical capacity programming
- Designs for infrastructure and equipment
The purpose of these submission criteria is to provide the City with a cursory understanding of the team's approach.
Where possible, each Proposal should leverage and enhance Hartford’s existing strengths. To date, private partners have launched successful organizations and programs that support entrepreneurs in the following areas:
- Social Enterprise – Commercial strategies to maximize improvements in human and environmental well-being. Private, for-profit corporations operate with a civic reinvestment mission.
- MakerSpace – Community workspace that incorporates machinery, technology and shared resources for users to prototype their ideas and applications.
- Immigrant Entrepreneurs and International Investment – Attracting and assisting immigrants to overcome inhibitors to starting and growing businesses. The City is designated an EB-5 approved jurisdiction, which allows foreign investment in new commercial enterprises. The City also hosts to two active foreign consulates and an international airport. Respondents are encouraged to study City demographics and understand the City’s available assets to support and enhance foreign and immigrant investment.
- Food Manufacturing and Distribution – Hartford has a strong identity with food manufacturing and distribution. A small representation of companies in this industry calling Hartford home including: Culinary and hospitality schools, a large-scale baking manufacturer that serves 216 national chain locations, tortilla chip manufacturing for the nation’s leading brands, nationally recognized coffee brand, produce distribution, a West Indian baked goods manufacturer and regional farmers markets, among others.
- Investor Incubator – Providing technical capacity programming can teach interested parties how and where to invest locally. Teams should consider utilizing other programs that encourage and facilitate investment.
- Arts and Digital Design – Hartford has a vibrant and active artistic community. Artists are entrepreneurs and the City would like to support their unique needs. Additionally, several corporations that provide broadcast and telecommunications services operate in the Hartford region. Consider how to attract and support firms and industries, such as movie production, including sound, music and foley art.
These strengths are not exclusive of one another. A successful Proposal will consider how one entrepreneur may leverage several or all of the above. Teams are also encouraged to consider alternative concentrations, such as biomedical, aquaponic farming, defense and aerospace manufacturing, etc.
Each complete Proposal will include a detailed Project that embodies your strategic approach. The purpose of including a specific Project is to showcase your talent for being concrete and pragmatic. You must include budgets, timelines, projected returns on the proposed investment and measurable impact. Think short-term and long-range. Judges from the Evaluation Panel will rank the Proposals, identifying up to three winning teams who will receive cash prizes. Then, a group of Finalists (including all three Phase I winners) will be invited to participate in the second phase. So, while Hartford will provide cash awards for up to three winners, additional teams may be selected to advance to the second phase. In any case, every team that submits a complete Proposal will receive detailed feedback from the Judges, to ensure that every effort is awarded with serious consideration from credible experts.
Phase I prizes are:
- 1st place: $60,000
- 2nd place: $30,000
- 3rd place: $10,000
Phase ll
In the second phase, Finalists will expand upon their Proposals by developing a more comprehensive Economic Development Plan (Plan). Requirements for final Plan submissions will include community engagement and other deeper considerations not required in the Proposal writing process (see below). An effective Plan will provide actionable goals and objectives in the context of a deeper analysis of local and regional trends. Plans will focus on requirements that lead to implementation. A separate Selection Committee will determine the winning teams who will receive final cash prizes. Finalists will receive detailed feedback after each Plan has been scored.
Phase II prizes are:
- 1st place: $500,000
- 2nd place: $100,000
- 3rd place: $ 75,000
- 4th place: $ 50,000
- 5th place: $ 50,000
- 6th place: $ 25,000
Below are the instructions to submit a Proposal and a Plan. Also, the U.S. Department of Commerce, Economic Development Administration (EDA), has provided a set of tips, to showcase key elements of effective strategies. These documents, both for Phase I and Phase II, will ensure that you have every opportunity to understand Hartford’s expectations and what is required to deliver the best possible final product:
You have the opportunity to spend more than fifteen (15) months focusing on Hartford's needs. Here is the detailed timeline with key deadlines and phases, so that you may better coordinate your effort:
You are provided the first eight (8) months to develop your Proposal. However, you must register your team within the first six (6) months. The registration deadline allows prize administrators to calculate the need for any additional judges over the remaining two (2) months, to ensure that everyone will receive sufficient attention and feedback. After the deadline for submitting Proposals, Hartford staff will review each Proposal to ensure that it complies with the instructions before distributing those complete Proposals to members of the Evaluation Panel. Panel members will spend between one to two (1-2) months reading, commenting on and scoring all of the completed Proposals. At the end of that process, the top three (3) teams will receive cash prizes. Also, each team will have the opportunity to see what the Judges remarked about their work. From the top ranking teams, a group of Finalists will advance to Phase Two. Those Finalists will spend five (5) months developing more comprehensive Plans. During that process, members of the Selection Committee may invite the Finalists to present their working concepts and can coordinate opportunities to interact with each team (e.g., interviews, presentations, public roundtables, etc.). Following the deadline for submitting Plans, a Selection Committee will spend one (1) month scoring the final results. They will use the same scoring tools as the Evaluation Panel, a copy of which is available here for your review. Once they have determined the top six (6) scoring teams, those Finalists will receive the final cash prizes. The winners will be announced at the close of the final judging period.
Any requests for winning teams to participate in one or more awards ceremonies will be scheduled separately.