|
Enter the Minnesota Cup
There are only two weeks remaining to enter the Minnesota Cup - a statewide entrepreneurial competition. Now through Friday, May 23, all Minnesota residents with a business idea can submit their entry at www.minnesotacup.org for a chance to win $50,000 in seed capital.
Where to apply:
www.minnesotacup.org
Deadline to submit:
Friday, May 23, 2008
Entries will be judged on the following criteria
• Business Concept/Idea: They are looking for business concepts with a clear, well-articulated value proposition. Specifically, judges will be looking to understand who the target audience is, why the market needs this idea and how the product/service will standout in a competitive environment. Ideas for a product or service can be an entirely new idea, or the evolution of a previous idea. The ideas that show the greatest innovation will be viewed more favorably.
• Implementation: What is the entrant’s strategy for turning the idea into a high-growth business? Judges will be evaluating ideas on their potential to generate revenue, profits and employment. In addition, they will be looking for ideas that can generate a positive economic impact within two years.
• Presentation Quality: As the contest progresses from round one to round two, an increased emphasis will be placed on an entrant’s quality of presentation.
About the Minnesota Cup
The 4th Annual Minnesota Cup is a statewide competition that seeks out aspiring entrepreneurs for the next breakthrough idea. High-tech or no-tech, this competition brings together innovative business ideas from a wide range of industries including automotive, health care services, telecommunications, technology, leisure, outdoor recreation, energy conservation, education and many others. The top breakthrough idea is awarded $50,000 in seed capital and advice from the state’s leaders in finance, accounting, legal and management support services. The contest also awards prizes to the top two runners-up and the top student entry.
 |
