Judging Rounds for IDEA Competition

Each of the following judging rounds is competitive. In each round, applications are scored by a panel of judges, with only the highest scoring applications advancing to the next round.

Round One Application

Due: November 30, 2010

For Round One, entrepreneurs will need to provide a project summary of their idea or concept. Submissions should answer the following questions clearly and concisely:

What is your idea?
What makes your idea innovative?
Does your idea solve a problem or address an unmet customer need?
What is your target market?
Who are your competitors?
What are your sales and marketing strategies?
Why do you think your idea has the potential to become a profitable business?

Round Two Business Plan

Due: February 15, 2011

Entrepreneurs participating in the second round will write a business plan. Download a copy of the Business Plan Guide to see what is required for the second round of the competition. Up to fifteen ideas will be advanced to Round Three, the IDEA Finals.

Round Three: Final Business Plan

Due: March 31, 2011

Final business plans, financials, and PowerPoint presentations (if used) are due March 31.

Final judging will take place on May 3, when all finalists will be asked to make an oral presentation before the IDEA judging panel.

An awards banquet, announcing the winners and honoring all finalists will be held on May 4, 2011.

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Here's what our past winners are saying:

"Being a contestant in the IDEA competition was like working on a 'mini-MBA.' Writing the business plan, making financial projections, and preparing a presentation were all very practical learning experiences."

Nancy Fisher,
sf(x) Engineering, Inc.

"The IDEA competition added expertise and momentum to our project. The competition helped us better focus our efforts and we are still seeing the benefits. Business is booming and we are growing rapidly. Thank you IDEA!"

Jason LaValley,
LaValley Industries

"The guidance and advice I received from the committee, advisers and judges will be very helpful on my journey to the marketplace. I appreciate the advice I have received."

Tim Sargent,
Trophy Head Shot

Updates on Past Winners



Home Registration Judging Rounds Judging Criteria Resources FAQs About IDEA Ingenuity Frontier Contact Us IDEA is sponsored by the generous financial contributions of the following sponsors: Taking Action Crookston 281-4182 Fisher 795-4570 Warren 745-4411 24-Hour Banking: 1-800-908-BANK		Each of the following judging rounds is competitive. In each round, applications are scored by a panel of judges, with only the highest scoring applications advancing to the next round. Round One Application Due: November 30, 2010 For Round One, entrepreneurs will need to provide a project summary of their idea or concept. Submissions should answer the following questions clearly and concisely: What is your idea? What makes your idea innovative? Does your idea solve a problem or address an unmet customer need? What is your target market? Who are your competitors? What are your sales and marketing strategies? Why do you think your idea has the potential to become a profitable business? Round Two Business Plan Due: February 15, 2011 Entrepreneurs participating in the second round will write a business plan. Download a copy of the Business Plan Guide to see what is required for the second round of the competition. Up to fifteen ideas will be advanced to Round Three, the IDEA Finals. Round Three: Final Business Plan Due: March 31, 2011 Final business plans, financials, and PowerPoint presentations (if used) are due March 31. Final judging will take place on May 3, when all finalists will be asked to make an oral presentation before the IDEA judging panel. An awards banquet, announcing the winners and honoring all finalists will be held on May 4, 2011.	Registered User Login Here's what our past winners are saying: "Being a contestant in the *IDEA* competition was like working on a 'mini-MBA.' Writing the business plan, making financial projections, and preparing a presentation were all very practical learning experiences." Nancy Fisher, sf(x) Engineering, Inc. "The *IDEA* competition added expertise and momentum to our project. The competition helped us better focus our efforts and we are still seeing the benefits. Business is booming and we are growing rapidly. Thank you *IDEA*!" Jason LaValley, LaValley Industries "The guidance and advice I received from the committee, advisers and judges will be very helpful on my journey to the marketplace. I appreciate the advice I have received." Tim Sargent, Trophy Head Shot Updates on Past Winners




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