Wisconsin Technology Council Wisconsin Technology Council

Wisconsin Governor’s Business Plan Contest

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 is to 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 of capital.

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 past surveys.

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!

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
Midwest Prototyping
Mortenson Construction
Murphy Desmond
Nelson Schmidt
Pieper Properties
Quarles & Brady
Reinhart Boerner Van Deuren s.c.
Revelation PR, Advertising & Social Media
Smith & Gesteland
State of Wisconsin Investment Board
Tweedee Productions
University Research Park
UW-Madison Office of Corporate Relations
Wisconsin Economic Development Corp.


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