Barrett Foundation Business Concept Challenge offers $100,000 incentive for innovative solutions to natural resource issues aff

 Barrett Foundation Business Concept Challenge offers $100,000 incentive for
   innovative solutions to natural resource issues affecting U.S. National
                            Forests and Grasslands

PR Newswire

MISSOULA, Mont., May 13, 2014

MISSOULA, Mont., May 13, 2014 /PRNewswire-USNewswire/ -- The National Forest
Foundation (NFF) announced an expansion of the 2014 Barrett Foundation
Business Concept Challenge, an opportunity for teams to compete for $100,000
in prize money for innovative, market-based solutions to natural resource
challenges.

Sponsor Craig R. Barrett, former Chairman and CEO of Intel and Vice Chairman
of the NFF Board of Directors, described the purpose of this competition as
"stimulating new ideas and cultivating the next generation of entrepreneurial
natural resource and business leaders." He added that winning entries will
demonstrate a significant commitment and ability to take an idea forward to
implementation.

Among dozens of business plan competitions around the country, the Barrett
Foundation Business Concept Challenge offers a unique opportunity to match
innovative market strategies to the pressing needs of America's
193-million-acre National Forest System. Managed for multiple public values,
these lands often generate controversy as natural resource managers face
challenges not contemplated when the first National Forests were established
over a century ago.

Barrett's experience at the helm of Intel Corporation influenced his decision
to devote substantial resources to encourage the development of market-based
solutions that solve forest restoration challenges: "In four decades as a
business leader, I've seen a lot of innovative ideas, but not enough of them
have been directed at the challenges facing our National Forests. As a Board
Member of the NFF, I saw an opportunity to channel this intellectual energy
towards solving our nation's critical natural resources challenges." The
competition 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.

Following a pre-proposal review, up to ten finalist teams will make
presentations to a judging panel of distinguished national experts and receive
feedback on the feasibility of their projects. In addition to Craig Barrett,
the review committee is comprised of 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.

The Challenge is open to teams comprised of representatives from for-profit
and nonprofit organizations, tribal entities, and students, staff, or faculty
at nationally accredited colleges and universities.

Business ideas developed for the Challenge should be original and not
substantially financed by others. Consistent with Barrett's keen interest in
generating ideas that can and will be implemented, the judging panel will look
for concepts that clearly articulate a specific natural resource challenge and
apply market-based strategies to address that challenge in a way that will
benefit the National Forests and Grasslands.

Qualifying pre-proposals must be submitted by 8:00 AM MDT on Monday, June 16,
2014. For information on the Barrett Foundation Business Concept Challenge,
visit http://www.nationalforests.org/conserve/grantprograms/barrett-prize/.

About the National Forest Foundation

For more information about the NFF, please visit our website:
www.nationalforests.org.

SOURCE National Forest Foundation

Website: http://www.nationalforests.org
Contact: Greg Peters, 406-830-3361, gpeters@nationalforests.org
 
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