SUBMIT YOUR IDEA

The business plan competition is the first step in competing for the cash prize. During this phase, applicants must submit a business plan that details an original concept, describes an innovative product or service they would like to create, develop a marketing strategy and identify the projected fees and income to be generated by the business.

Specifically, the business plan should answer the following questions:

• What problem does your product or service solve?
• How will you market and promote your business?
• Who are your customers and why will they buy your product or service?
• Who is your competition and how are you going to be better than them?
• How do you propose making money? The business MUST be capable of making money.

Once you register to join the competition, we will send you the requirements for the business plan, including a detailed outlined that addresses the above questions. The business plan must be completed and submitted by the deadline in order to qualify your business.