Rules of the NEXT STEP Business Grant Competition

1. The most important rule of the competition is that the use of Grant Funds must be documented within 2 months or the recipient(s) will have to pay the money back to the University of Pittsburgh.

a.  Before a student receives a NEXT STEP Business Grant, he/she must sign a contract in the form of an "Award Letter" stating the intended use of the grant funds.  The student must agree to spend this money on the educational project specified in their grant competition submission.

b.  Within 2 months of the Grant Award, the grantee must submit a detailed report including receipts outlining how the award was utilized to advance the business plan.  If the grantee is delinquent, grades and transcripts can be held as when any student owes funds to the University.

3. Grantees are responsible for any applicable State and Federal tax liabilities incurred by receipt of the Grant.

4.  The competition is open to all current full-time students at the University of Pittsburgh at Bradford.  Students from any program are allowed and encouraged to enter.