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Local Businesses Thrive After EnterPrize Challenge Wins

Amarillo Enterprize Challenge - Deadline: November 1st at 5 p.m. - 806.374.9777 - www.incubationworks.com
The Amarillo Enterprize Challenge is a program of the WTAMU Enterprise Center, funded by the Amarillo Economic Development Corporation, designed to help entrepreneurs expand an existing business or launch a new business.

Two of last year's EnterPrize winners are seeing great success following their incubation periods.

Speed Silks™ is a form-fitting equine jockey uniform made from Aero Dimplex®, a special fabric that is textured to reduce aerodynamic drag. Its designed to reduce the wind resistance the horse has to overcome, allowing him to run faster. Aero Dimplex is already employed by competitive cyclists and runners, but has not been used in horse racing until now.

Officially opened for business about three weeks ago, Speed Silks have already been worn in a handful of races, with overall positive feedback from jockeys. Jersey $229, pants $104, helmet cover $34, boot sleeves $17. When all four products are worn, the jockey is covered head to heel in an aerodynamic shell of Aero Dimplex.

Oxbuilt has launched its our new line of aluminum cases and containers.  These are commercial, industrial and high-end containers used for the secure storage and transportation of critical items (equipment, parts, tools, valuables, weapons, etc.).  The line contains multiple sized containers (seven standard sizes) and four weapons containers.  Likewise, Oxbuilt offers customized designs and sizes.  Options include different colors, locks, rollers, etc.  The entire line will grow with new sizes and options added in upcoming launches. Prices range from $75 - $750 retail.

Everyone who participates in the WTAMU EnterPrize Challenge gains a better understanding of how to develop and follow a realistic business plan, and qualifying entrants can request a share of $500,000 in capital funding grants. Amarillo EnterPrize Challenge awards are grants, not loans, and they do not have to be paid back. The money can be used for any purpose, as long as it stays within the business, and is justified by the business plan. Five impartial judges, who are not affiliated with the Amarillo Economic Development Corporation or the West Texas A&M University Enterprise Center, will evaluate the plans. The judges will select finalists and finalists will make an investment pitch and be interviewed by the judges. The judges will select the award recipients, and the Amarillo EDC will present the awards at the Amarillo EnterPrize Challenge Award Ceremony in March.

Amarillo Enterprize Challenge

- Deadline: November 1st at 5 p.m.

- 806.374.9777

 - www.incubationworks.com

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