Competition Details

The I³ Idea Challenge gives student interested in starting their own business the opportunity to develop their business idea in a collaborative, supportive and competitive environment.  Participants compete for cash, mentoring, and other professional services to get their business up and running. 

Prizes for the top 3 winners include $10,000 cash and over $75,000 in professional services.

How It Works

1) Optional workshops will be held leading up to the i³ Idea Challenge Deadline

2)  Submit a 3 minute video pitch and a 3 page summary of your business idea: 

• Title page: All team members & contact info
• Introduction: Roles & skills of each individual
• Summary of the Business Idea: Clear & concise explanation
• Industry Overview: What is the demand for your product/service
• Marketing: target market & 4 P’s (product, place, price, promotion)
• Financing: Initial start-up costs and how you plan to cover them
• Conclusion: Next Steps your business will be taking
• References
• Appendices (optional) 

3)  The top 11 will be narrowed down by a panel of judges and announced on May 1st, 2012.

4)  The top 11 will present their pitches May 10th at the i3 Idea Launch and top 3 winners will be announced.

Rules

• Submissions must be no longer than 3 pages (excluding cover page, references  & appendices)
• Submissions must be 11pt font, single space, standard margins
• Must have at least one U of S student per team (undergraduate or graduate)
• Groups cannot exceed 4 people per team
• Contest capacity: The first 50 full submissions received will be eligible for the competition
• All entries must be submitted electronically to: info_wilsoncentre@usask.ca
• Late submissions will not be accepted

Prizes

First Place: $5,000 Cash

Second Place: $3,000 Cash

Third Place: $2,000 Cash

In kind services for the top 3 include: accounting services, legal services, office space, printing services, strategic planning, graphic design, web design, and mentorship

 

 The Wilson Centre welcomes any questions that you may have. To contact us please email info_wilsoncentre@usask.ca or call 966-8675.

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