Have You Had a Light Bulb Moment? The Wis. Gov’s Business Plan…

Have You Had a Light Bulb Moment? The Wis. Gov’s Business Plan…

Have You Experienced a Mild Bulb Second? The Wis. Gov’s Small business Approach Contest Wants Your Thought

statewide entrepreneurial contest seeks entries by Jan. 31

V1 Staff

GOT A BRIGHT IDEA? The Wisconsin Governor's Business Plan contest. (Submitted image)

Acquired A Bright Notion? Go from whiteboard to winner with the Wisconsin Governor’s Enterprise Program contest. (Submitted graphic)

Do you have a terrific concept for an app? Or potentially a new piece of technological innovation or a new procedure that will change not only the Badger Condition but the planet? Then the Wisconsin Governor’s Business System Contest is for you. The contest, now in its 19th year, is accepting entries on-line via Monday, Jan. 31.

Finalists that emerge from the multistep competitors, which concludes in June, will be eligible for thousands of dollars’ truly worth of income and service prizes.

“The contest is intended to stimulate business owners in the startup phase of tech-centered companies in Wisconsin,” the contest’s website states. “It inbound links up-and-coming business owners with a statewide network of neighborhood methods, qualified suggestions and mentoring, administration talent, and achievable resources of cash.”

Winners in the 2021 contest shared in a lot more than $125,000 in prizes, while considering the fact that 2004 prizes have achieved a full worth of $2.5 million (such as legal, accounting, and promoting companies and business space). What may well be at any time a lot more worthwhile, however, is the general public and media exposure received by the winning startups.

Categories in the contest consist of State-of-the-art Producing, Small business Solutions, Information and facts Engineering, and Lifestyle Sciences.

The contest is open up to Wisconsin residents 18 and older, teams from Wisconsin-dependent enterprises or corporations, as very well as organizations and groups from outdoors the condition who “demonstrate intent to foundation or extend their organizations in Wisconsin.” Corporations or persons should not have acquired angel investment decision for their small business options in their present-day kind.

Section 1 of the contest is open until 5pm Sunday, Jan. 31. In accordance to the contest website,“Entries ought to be roughly 250 text (or no additional than 2,000 characters, which include areas) and will be graded by the pool of BPC judges. The top 50 idea abstracts will advance to Period 2.”

The 2nd and third phases winnow the field more, and have to have contestants to supply greater aspects about their startups. At last, the leading 12 entries, the so-named “Diligent Dozens,” will make live presentations at the Wisconsin Entrepreneurs’ Meeting in June.

Big sponsors of the contest include the Wisconsin Economic Enhancement Corp.

Understand more about the contest and how you can enter at govsbizplancontest.com.

Maria Flores

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