College students from around Idaho have the opportunity to compete in a venture competition for seed funding of $100,000.
Entrepreneurs from Idaho’s 22 universities and colleges have until Feb. 12 to register for the second Idaho Entrepreneurial Challenge. The challenge is an opportunity for students to pitch business plans for products and services relating to agriculture, health, technology social or environmental issues.
Teams must provide a plan outline, a team outline and an impact outline at www.entrepreneur.boisestate.edu. Plan outlines must give examples of the team’s experiments and market research. Team outlines describe what each team member’s responsibility and qualifications are. The impact outline describes how the venture is innovative and what problem it can solve.
Finalists will be selected in late February and will be invited to Boise for an evening reception on the 17th floor of Zions Bank on March 31. On April 1, teams will pitch the business proposals to a panel of judges.
Last year’s grand prize winner was MotoTrax, a proposal from a University of Idaho team for a company that turns dirt bikes into snow bikes for the winter. MotoTrax won $40,000. An additional $54,500 was handed out in consolation prizes.
The program is sponsored by Zions Bank and managed by Boise State University’s College of Innovation and Design and College of Business.