Top 10 reasons to enter the 2014 Governor’s Biz Plan Contest; Deadline is 5 p.m. Jan. 31

January 30, 2014

MADISON – The entry deadline for the 11th annual Wisconsin Governor’s Business Plan Contest is 5 p.m. Jan. 31. Don’t miss an opportunity to share in more than $100,000 in cash and in-kind prizes. Get started at www.govsbizplancontest.com!

Here are 10 reasons you should enter your business idea:

  1. It’s free. Other than the cost of your time, there is no cost to enter the contest.
  2. You don’t have to be Tolstoy. The initial entry is only 250 words, spread among four criteria – product or service description, customer definition, market description and competition. That’s about 62 words per category.
  3. You don’t even need a stamp. The contest is online at www.govsbizplancontest.com.
  4. You can win valuable prizes. The contest will feature cash and in-kind prizes such as office space in premier technology parks and top-notch commercial offices. Other prizes include a variety of services, such as legal assistance, accounting, video production, marketing and more. For many contestants, these services will provide an important jumpstart in getting their businesses rolling.
  5. You’ll get some free advice. Judges in the contest are experienced in their respective fields and often provide feedback to contestants. Volunteer mentors are available to answer questions throughout the contest. The 50 entries that advance to Phase 2 will be invited to a free “boot camp” to be held March 6 in Waukesha.
  6. You’ll meet other entrepreneurs like yourself. As much as it may sometimes seem like you’re alone, you’re not. There are other entrepreneurs like you – and they often have similar experiences to share. You will meet them at events, such as the boot camp and more.
  7. There’s a strong alumni club. The Wisconsin Technology Council recently surveyed the 136 finalists from the first eight years of the contest and learned 77 percent are still in business and 58 percent have raised financing for their companies.
  8. You might meet an investor. Angel and venture capitalists are among the contest judges, and they’re often keeping an eye out for up-and-coming companies in the contest.
  9. You might get a chance to talk about your idea live at the Wisconsin Entrepreneurs’ Conference. The top 12 finalists will present in the contest’s annual “Diligent Dozen” showcase, held as a part of the conference in Madison this June.
  10. What better way to move your good idea off the desk and closer to reality? There’s no better motivation than a deadline, so enter by 5 p.m. Jan. 31, 2014!

 

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