Wednesday, December 2, 2009

Wisconsin Governor’s Business Plan Contest (Wisconsin Technology Council)

The Wisconsin Governor’s Business Plan Contest – the nation’s first statewide, tech-based business plan competition – is accepting entries online for the 2010 competition. Entries will be accepted now through 5 p.m. Sunday, Jan. 31, 2010. The contest’s grand prize is worth $50,000 in cash and services.

For their initial entries, contestants will submit 250-word idea abstracts online at Contestants who advance to subsequent contest rounds will have the opportunity to expand their plan or idea. More than 70 judges drawn from the finance, sales, marketing, research and specific technology sectors will score the entries and provide feedback.

As with past contests, the 2010 competition will take place in three stages:

1) In the “Business Concepts” phase, which is open until Sunday, Jan. 31, 2010 at 5 p.m., the contest will accept IDEA Abstracts on the web site. IDEA abstracts are 250-word business concepts that will be graded on a scale of 1-10 (10 highest) by our judges. The top 50 IDEA Abstract presenters will be asked to write an Executive Summary.

2) In the “Executive Summary” phase, which runs from Feb. 22 to March 12, 2010, the top 50 IDEA Abstract presenters, plus ties, post their 1,000-word summaries online for comments by the judges. Contestants may be encouraged to revise their plans based on judges’ comments. The top 20 plan summaries are selected for the final round.

3) In the “Final Writing Business Plan” phase, which runs from April 2 to April 26, 2009, the top 20 Executive Summary presenters, plus ties, prepare 20-page plans for judging. Limited comments and mentoring continues. Judges will review the plans and pick three place winners in each category to advance as the “Diligent Dozen.”

The “Diligent Dozen” will present and compete in front of live judging for the grand prize at the Wisconsin Entrepreneurs’ Conference to be held June 8-9 in Milwaukee.

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