Tom Still: Governor’s Business Plan Contest offers contestants more than prizes | Business News

Tom Still: Governor’s Business Plan Contest offers contestants more than prizes | Business News

For other business people like Renee, Gallagher or Timm, the door is extensive open to

For other business people like Renee, Gallagher or Timm, the door is extensive open to take section in this year’s contest managed by the Wisconsin Technologies Council. The cost-free, online entry process is open up as a result of 5 p.m. Jan. 31 at govsbizplancontest.com.

It does not get a great deal to get started off. In their 1st-round entries, contestants will submit a 250-phrase (about 2,000 people) thought abstract online. Contestants will also find company plan templates, startup information, networking contacts and technological resources from a blend of point out and countrywide assets on the web-site.

The contest is wide sufficient in scope to capture most designs. The 4 contest groups are Sophisticated Producing, Business Companies, Facts Technological innovation and Daily life Sciences.

Those people to start with 250 terms because of Jan. 31 may well not sound like much of a hurdle, but it needs contestants to condense their strategies into 4 themes: What is your main product or provider? Who are your likely clients what complications do they have and how will your products or assistance clear up them? How do you define the broader market place and your gross sales system? Who are your actual and possible competitors?

Contestants who progress will broaden their prepare in levels, with those going on to Period 2 producing a 1,000-term govt summary. About 80 volunteer judges drawn from the finance and financial investment, revenue, promoting, research, and technology sectors across Wisconsin will score the entries all over and give suggestions on submissions.