Wednesday, August 31, 2011

IDEA Competition Opens for Fourth Year

Entrepreneurs with breakthrough business ideas are encouraged to enter the IDEA Competition, which opens for the fourth year on September 1st. Over the course of the last three years, nearly $200,000 has been awarded to Northwest Minnesota entrepreneurs.

The purpose of the competition is to assist the most promising local entrepreneurs in the commercialization of innovative products, processes and deliveries by connecting them to the best resources available, along with access to the capital it takes to launch a successful venture.

Participants receive:
• Access to valuable tools and resources
• The opportunity to refine their investor pitch
• Attention in the media
• A chance to pitch their idea to potential investors and leaders in the business community
• A chance to win one of five $10,000 cash awards

Visit the website for more information or to enter: www.ideacompetition.org.

IDEA has been made possible by the generous financial contributions of the following: 360° Manufacturing and Applied Engineering Center of Excellence, Blandin Foundation, Bremer Banks of Crookston and Warren, Midwest Minnesota Community Development Corporation, Northwest Minnesota Foundation, Northwest Regional Small Business Development Center, and University of Minnesota, Crookston.