2014 Lake Superior Business & Technology Conference
Business Idea Contest
Contest Overview, Timeline, Parameters & Application Form
The Lake Superior Chapter of the Wisconsin Innovation Network (WIN-LS) will hold the 2014 Lake Superior Business & Technology Conference at WITC in Ashland, WI on Friday, August 8, 2014.
Because of its success last year, a featured session of the Conference will be a Business Idea Contest. The contestants or their representative will be required to present their business proposal within a two (2) minute time period to a panel of judges, who will rate and critique the proposal presentations. Twelve finalists will be chosen from the applicants of the contest, to be the presenters at the conference. There will be a total of 7 categories where winners will receive cash Prizes/Awards which include:
|-First Place:||$2,500.00||- Development:||$500.00|
2014 Contest Timeline:
|May 7||Business Idea Contest Launch Date|
|June 20||Application Due Date|
|June 23-27||Committee will Review and Screen Submitted Applications.|
|June 30||Applicants will be notified if they made the cut to be in the next level of the event.|
|July 21||Group Training Session for top 12 Applicants – applicants will participate in the Wisconsin Innovation Network’s “Entrepreneur’s Edge Boot Camp”, an ideal program of preparation, positive encouragement and constructive feedback prior to presenting their ideas at the August 8th conference.|
|August 8||Business Idea Contest Finalists Present at the WIN-Lake Superior Conference|
-Eligibility will include Wisconsin residents 18 years of age or older, and who have a business concept that employs or leverages technology with the expectation to establish a business presence in either Ashland County, Bayfield County, or Douglas County.
-There is a $20.00 Application Fee. Applicants are to include a check for that amount payable to the Wisconsin Technology Council. This check will be returned to those that present and/or actively participate in the Conference.
-All business idea finalists are highly encouraged to attend the free Group Training Session on July 21st, noted on page 1 under: 2014 Contest Timeline. If any of the finalists will not be unable to attend this session, we request that a copy of their presentation be submitted to the committee for review, so feedback can be provided.
-Applications are to be submitted to Tim Kane via email or mail (address at the bottom of the Business Idea Contest Application, see page 3).
-Entries must be the original idea(s) of entrants. Repeat Applicants are encouraged to apply. However, their proposal must demonstrate relevant improvements & complexity in comparison to their previous Application.
-Inventors/Entrepreneurs are encouraged to apply.
- The business idea contest applicant is responsible for the confidentiality of their intellectual property.
-The economic development corporations located in the county where the winners plan to locate their business: AADC (Ashland Area Development Corporation), BCEDC (Bayfield County Economic Development Corporation) or TDAI (The Development Association Inc. of Superior & Douglas County), will assist the winner in additional steps along their business start-up journey. Plus, as a value added feature, additional businesses have expressed their willingness to assist in providing “in-kind” services to support specific winners of the contest.
-Winners will be encouraged to go on to the state level to compete in the Wisconsin Early Stage Symposium Elevator Pitch Olympics, November, 2014 in Madison, as well as at the Wisconsin Governor’s Business Plan Contest, beginning the first week of November.
-Once the applications are in, a committee will screen the applications to determine 12 finalists. Prior to the event, the finalists or their representative will have the opportunity to polish their presentation individually in front of the committee, who will coach the applicants to prepare for competition (see 2014 Contest Timeline).