Have you had a light bulb moment? Wisconsin Gov Business Plan Competition Wants Your Idea
Statewide Entrepreneurial Competition is looking for applicants by January 31
Do you have a great idea for an app? Or maybe a new technology or a new process that will change not only the Badger State but the world? Then the Governor of Wisconsin’s Business Plan Competition is for you. The competition, now in its 19th year, is accepting online entries until Monday, January 31.
Finalists from the multi-stage competition, which ends in June, will be eligible for thousands of dollars in cash and service prizes.
“The competition is designed to encourage entrepreneurs to start-up technology companies in Wisconsin,” the competition website states. “It connects aspiring entrepreneurs to a state-wide network of community resources, expert advice and mentoring, management talent and potential sources of capital.”
The 2021 competition winners shared over $ 125,000 in prizes, while since 2004 the prizes have reached a total value of $ 2.5 million (including legal, accounting and marketing services and offices). What can be even more valuable, however, is the public and media exposure received by the winning startups.
Contest categories include advanced manufacturing, business services, information technology and life sciences.
The competition is open to residents of Wisconsin aged 18 and over, teams from Wisconsin-based businesses or organizations, as well as out-of-state businesses and teams who “express the intention to found or expand their businesses in Wisconsin ”. Companies or individuals must not have received angel investment for their business plans in their current form.
Phase 1 of the competition is open until 5 p.m. on Sunday January 31. According to the competition website, “Entries should be approximately 250 words (or no more than 2,000 characters including spaces) and will be graded by the BPC panel of judges. The top 50 Idea Abstracts will proceed to Phase 2. “
The second and third phases further refine the field and ask applicants to provide more details about their startups. Finally, the top 12 nominees, the “Diligent Dozens,” will be making live presentations at the Wisconsin Entrepreneurs’ Conference in June.
The main sponsors of the competition are the Wisconsin Economic Development Corp.
Find out more about the competition and how you can enter at govsbizplancontest.com.