CAPCO Programs

The 2010 Business Plan Competition was announced today.  Here are details on last year’s winner:

Adams Morgan based Affinity Lab, a business cowork venture, took first place yesterday in a business plan competition qualifying for $100,000 in investment in a tight four-way competition staged at the Washington, DC Economic Partnership (WDCEP).

“We saw four great presentations yesterday,” says Steve Moore, President and CEO of the WDCEP. “These business concepts were very exciting, but Affinity Lab stood out as the new thing. They capture what is happening now in the incubation of small businesses. Without fail, when they are done telling you what they do, people say ‘I want to be a part of that.'”

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Back in 2002, Representative Reilly introduced the Rhode Island Certified Capital Company Act:

Rhode Island, said Rep. Donald O. Reilly Jr. (D-Dist. 67) of Cumberland, currently ranks 36th in the nation in the amount of venture capital it receives for small businesses.

“Increased venture capital investments made in small businesses located in Rhode Island will lead to job creation and increased tax revenue for the state. That’s not wishful thinking. It is happening in other states all around the country and it’s time it happens in Rhode Island,” said Representative Reilly.

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