Fifty-two of 292 entries advance to next round in 2014 BPC
February 26, 2014
MADISON – Fifty-two entries from 26 communities have advanced to the semi-final round of the 11th annual Wisconsin Governor’s Business Plan Contest, contest producers announced Wednesday.
The contestants were selected from a field of 292 first-round entries by an independent panel of more than 80 judges organized through the Wisconsin Technology Council and its programs, the Wisconsin Innovation Network and the Wisconsin Angel Network.
The semi-finalists reflect the diversity of Wisconsin’s economy and are spread among four broad categories: advanced manufacturing (14), business services (10), information technology (14) and life sciences (14).
Water technologies, health information technologies, software solutions, agriculture, products and processes for manufacturing, and medical devices, imaging and treatments were sectors that drew a number of entries. The contest also attracted entries focused on sports and recreation innovations – including the state’s brewing industry.
“Trends reflected in the top 52 entries match up well with Wisconsin’s traditional and emerging strengths,” said Toni Sikes, chair of the Tech Council and co-founder of CODAworx. “Good ideas come from all high-growth sectors of the economy.”
The 52 entries competing in Phase 2 of the contest will write executive summaries of no more than 1,000 words. Each summary describes the core product or service, defines the customer base, estimates the size of the market, identifies competition, lists members of the management team and provides key financial data.
Once Phase 2 judging is complete in early April, the 52 entries may be made available for inspection by accredited investors through the Wisconsin Angel Network, which has more than two-dozen angel networks, private equity funds or corporate strategic partners. About two-dozen plans will move on to Phase 3, in which contestants will write a full 15- to 20-page business plan.
The top dozen contestants will give live presentations at the annual Wisconsin Entrepreneurs’ Conference on June 3 at the Alliant Energy Center in Madison. Category winners, as well as the 2014 Grand Prize Winner, will be announced during the BPC Awards Luncheon on June 4.
Sponsors are contributing cash, office space, legal assistance, accounting, information technology consulting, marketing and more. About $1.7 million in cash and in-kind prizes have been awarded since the inception of the contest. The Wisconsin Economic Development Corp. is a major sponsor.
Additional sponsors of the 2014 contest thus far include: 100state; 5Nines; Aberdean Consulting; American Family Insurance; American Transmission Company; AT&T; BDO; Cleantech Open; Cresa Madison; Exact Sciences; Kollath & Associates; Madison Gas & Electric; Makin’ HEY Communications; Marshfield Clinic Applied Sciences; Michael Best & Friedrich; Mortenson Construction; Murphy Desmond; Pieper Properties; Reinhart Boerner Van Deuren; Revelation PR, Advertising & Social Media; Smith & Gesteland; Tweedee Productions; University Research Park; and UW-Madison Office of Corporate Relations.
Here are the 2014 semi-finalists in the Wisconsin Governor’s Business Plan Contest. Reporters wishing to contact individual contestants may do so through the Wisconsin Technology Council by calling 608-442-7557.
Contestant Idea Abstract City
|Patrick||Beyer||Trinity Imaging Systems||Berlin|
|Jeremy||Hach||The Mobile Canning Company||Middleton|
|Heather||Johnston||Find My Spot||Milwaukee|
|Jim||McSweeney||HE System Technologies||Willowbrook, IL|
|Laura||Mitchell||GrandCare Systems||West Bend|
|Michael||Mitchell||TAI Diagnostics||Elm Grove|
|Tavis||Parker||The Game Crafter||Madison|
|Peter||Petit||Hermetica™ No-Fog Seal for Windows||Pewaukee|
|Judy||Reinhold||Kaliber Imaging Incorporated||Elgin, IL|
|Andrew||Reyment||Moxilla – SyKlowd||Green Bay|
|David||Rice||Rice Technology LLC||Milwaukee|
|Will||Robus||Little Green Pencil||Madison|
|Jonathan||Rodriguez||Prospero Biosciences||Sun Prairie|
|Pradeep||Rohatgi||Lightweight Composite Castings||Milwaukee|
|Jon||Sandbrook||Pan Genome Systems Inc.||Madison|
|Eric||Schmuck||Non-cellular biomaterial for chronic wound healing||Sun Prairie|
|Henry||Schwartz||MobCraft Beer LLC||Madison|
|Shobhan||Thakkar||Stop Searching and Start Finding – Candalytics (“CA”)||Monona|
|Scott||Vanderbeck||Pathology Software to Aid Diagnosis of Fatty Liver Disease||Oak Creek|
|Eric||Weiss||Right on Target Media||Fond du Lac|