Business plan

Four local businesses qualified for final round of Governor’s Business Plan Competition

The ReinventRV UI

More than 200 entries were narrowed down to 13 finalists in the annual Wisconsin Governor’s Business Plan Competition. Four of those 13 companies are from southeast Wisconsin. They include Milwaukee Rapid Radical Technology, Based in Brookfield ContraDoc Inc., Based in Milwaukee My hearing care and based on Fontana

ReinventAuctions Inc. provides a space where dealers can trade, sell and buy vehicles without having to go to auction or discuss payments over the phone. The company launched in November 2020, quickly reaching more than 1,000 dealers. The parent brand of the company is ReinventRV.

Rapid Radicals Technology, a recent Project display winner, has developed a rapid, decentralized wastewater treatment system that can treat water 16 times faster than conventional treatment. The system works in less than 30 minutes.

ContraDoc Inc. is a contract intelligence and analytics platform designed for contractors. My Hearing Care is a startup developing a more accessible and affordable over-the-counter hearing aid for people with hearing loss.

The 13 finalists come from three rounds of judgment of the competition organized by the Wisconsin Technology Council, organizes the competition every year.

“Startups such as those that entered this year’s competition are examples of innovation that transcend industry sectors in Wisconsin,” said Greg Lynch, president of the Wisconsin Technology Council.

Nominations were submitted in four categories: advanced manufacturing, business services, information technology and life sciences.

Finalists submitted a 15-minute video pitch deck for review by a panel of approximately 70 judges and their scores on these video pitches will form part of the final scoring. Each plan describes the main product or service, defines the customer base, estimates the market size, identifies the competition, describes the management team and provides key financial data.

This year’s finalists will present their business ideas in seven minutes and the winners will be announced June 2 at the closing of the Entrepreneurs’ Conference.

Governor’s Business Plan Competition sponsors contribute cash, office space, legal assistance, accounting, information technology consulting, marketing and more. Approximately $2.5 million in cash and in-kind prizes have been awarded since the competition’s inception in 2004.

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