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Grow Utah Ventures Community Scholarship Program Opens Doors for Utah’s Elite Entrepreneurs – Deadline for Applications: January 30, 2009

-ELITE: Entrepreneurial Leadership Initiative for Tomorrow’s Enterprise http://www.eliteutah.org will give 10 Utah entrepreneurs a backstage pass to starting a successful enterprise –

Grow Utah Ventures http://www.growutahventures.com announced today the Entrepreneurial Leadership Initiative for Tomorrow’s Enterprise (ELITE) community scholarship program designed to prepare a select group of rising entrepreneurs with the capabilities to create and lead future high growth companies that will drive Utah’s economy in the years to come.

Scholarships will be awarded to the selected applicants of the ELITE group which will surround them with essential education, networking and resources that will enhance their businesses and their future contribution to entrepreneurial development across the state.

“We believe that Utah may be the greatest business state in the country because of its dynamic people and its entrepreneurial spirit,” said Alan Hall Chairman of Grow Utah Ventures. “Entrepreneurs face a unique set of challenges when trying to start a business. We believe that through the ELITE program we will be preparing our future business leaders by accelerating their entrepreneurial careers today.”

Annually, ELITE scholarships will be awarded to ten carefully selected entrepreneurs. Scholarship winners will essentially be given a back stage pass to Utah’s business community. The members of ELITE will participate in a series of activities that integrate them with Utah’s best technologies and business ideas, brightest entrepreneurial peers, capable business mentors and supportive sources of business capital. The end goal is to enhance the skills of the ELITE members to achieve greater success in their respective businesses today as well as equip them to found and lead Utah’s future high growth companies.

“We are looking to identify and recognize annually Utah’s rising entrepreneurial stars,” said T. Craig Bott, President and CEO of Grow Utah Ventures. “We want to position the ELITE Scholarship awardees at the highest levels of professional, academic, business, finance and civic networking circles across the State.”

“We feel that it’s very important to support and mentor entrepreneurs in the state,” said Scott Anderson, president & CEO of Zions Bank and co-sponsor of ELITE. “We have access to resources and expertise that allow us to make a significant difference in the success rate of promising entrepreneurs. Through programs like ELITE we’re able to demonstrate our commitment to identifying and supporting those entrepreneurs that have the ideas as well as the ability to affect great change in our states economy.”

At the end of the year, the 2009 class of ELITE, will be better prepared to achieve even greater entrepreneurial success. Follow on classes of ELITE will be selected each year. Over time, these ELITE scholarship awardees will have a tremendous impact on their businesses, the communities they reside in and the state in general.

There is no cost for entrepreneurs to participate in the scholarship program, only a willingness to invest their time and an attitude of giving back. Applications are currently being accepted online at http://www.eliteutah.org. The deadline for the 2009 ELITE Class is January 30, 2009.
For more information about the ELITE community scholarship program, including an application and official rules, please visit http://www.eliteutah.org.

About Grow Utah Ventures

Grow Utah Ventures, is a privately funded not-for-profit organization dedicated to stimulate, unlock and develop the entrepreneurial talent and early stage business opportunities for value creation across Utah. Comprised of a team of successful and experienced entrepreneurs, business leaders and private investors, Grow Utah Ventures accomplishes its mission by uIdentifying, selecting and recognizing accomplished and promising Utah entrepreneurs, uBuilding a statewide community of outstanding entrepreneurs and those interested in promoting entrepreneurial development, uPartnering with organizations, companies and investors seeking to support Utah’s best entrepreneurs, uRallying community leadership and financial resources to support entrepreneurial development. For more information about Grow Utah Ventures, visit http://www.growutahventures.com.

About Zions Bank

Zions Bank is Utah’s oldest financial institution, and is the only local bank with statewide distribution of branches, operating 114 full-service branches throughout Utah. Zions Bank also operates 24 full-service branches in Idaho, and nearly 200 ATMs throughout Utah and Idaho. In addition to a wide range of traditional banking services, Zions offers a comprehensive array of investment and mortgage services, and has a network of loan origination offices for small businesses nationwide. The company is also a leader in providing electronic banking services, including electronic municipal bond trading. Founded in 1873, Zions has been serving the communities of Utah for more than 135 years. Additional information is available at http://www.zionsbank.com.

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PR Contacts:

Jeremy Kartchner

Snapp Conner PR

(801) 994-9625

[email protected]

Justin Bott

Grow Utah Ventures

(801) 593-2265

[email protected]

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