The Association for Women in Science of New Jersey is holding an entrepreneurship challenge event that will award $5,000 for the best business plan. Second and third-place winners will receive $2,000 and $1,000 respectively. The deadline to register for the contest is Friday, January 31, and contestants will present their pitches on Friday, February 15.

The goal of the contest is to encourage women to establish entrepreneurial ventures. To participate, the team must be led by a female STEM professional who lives in New Jersey, New York, or Pennsylvania, and the company must be located in one of those states.

The business plan should be no more than two pages and cover the team, the problem, your solution, competition, growth strategy, and a revenue model and financials. For more information or to apply, visit www.awisnj.org or e-mail awis_cjc@yahoo.com.

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