The 2014 Wisconsin Governor's Business Plan Contest is now accepting entries at www.govsbizplancontest.com
The mission of the Governor’s Business Plan Contest
encourage entrepreneurs in the seed, startup and early growth stages of
high-tech businesses in Wisconsin. The contest links up-and-coming
entrepreneurs with a statewide network of community resources, expert
advice, high-quality education, management talent and possible sources
Since its inception in 2004, more than 2,600 entries have been
received across four categories – advanced manufacturing, business
services, information technology and life sciences. The contest has led
to cash and in-kind prizes (such as legal, accounting, office space and
marketing) valued at about $1.7 million. More important: Contestants
have raised at least $70 million in private equity.
And the “survival rate” of BPC finalists is high: More than
three-quarters of past finalists are still in business, according to
Produced by the Wisconsin Technology Council
and a growing list of partners, the Governor’s Business Plan
Contest engages contestants in a five-month process that includes the
opportunity to work with mentors and receive feedback from judges. It
also leads to valuable public and media exposure for the top business
plans and helps spur economic growth in Wisconsin.
The contest includes three written phases. Phase 1 entries, 250-word (or 1,400-character) idea abstracts, are due 5 p.m. Jan. 31, 2014. Contestants
that advance to Phase 2 will submit a 1,000-word (or 6,200 character)
executive summary. The field is then further narrowed down for Phase 3,
which requires a 15- to 20-page business plan. The “Diligent Dozen,” or
top 12 finalists, will square off in the final phase of the contest with
oral presentations during the Wisconsin Entrepreneurs’ Conference on
June 3 at the Alliant Energy Center in Madison.
To get started, contestants will need to create a simple account at http://www.govsbizplancontest.com/. All
entries are submitted directly through the website. Contestants use the
account to gain access to mentors throughout the process, as well as
review the judges’ comments and feedback.
This statewide contest is an opportunity to compete for cash and
prizes, but it’s also a chance to get constructive feedback on your
business plan and to help move it from a virtual business to a reality.
In 2014, finalists will once again have the opportunity to share in
upwards of $100,000 in cash and services!
Visit www.govsbizplancontest.com to learn more or submit your idea.
Thanks to our 2014 BPC Sponsors!
American Family Insurance
American Transmission Company
Kollath & Associates
Madison Gas & Electric
Makin’ HEY! Communications
Marshfield Clinic Applied Sciences
Michael Best & Friedrich
Quarles & Brady
Reinhart Boerner Van Deuren s.c.
Revelation PR, Advertising & Social Media
Smith & Gesteland
State of Wisconsin Investment Board
University Research Park
UW-Madison Office of Corporate Relations
Wisconsin Economic Development Corp.