January 20, 2022

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Consummate Business Technicians

With addition of ‘pitch decks,’ Governor’s Business Plan Contest open for entries through Jan. 31, 2022

MADISON, Wis. – The 19th annual Wisconsin Governor’s Enterprise Approach Contest is accepting entries online for the 2022 opposition via 5 p.m. Monday, Jan. 31, 2022.

New this yr: The 3rd round of the contest will settle for narrated “pitch decks” from people finalists who progress further than the published government summary round.

The contest is made to encourage business owners in the startup phase of tech-primarily based corporations in Wisconsin. It one-way links up-and-coming business people with a statewide community of neighborhood methods, professional assistance and mentoring, management expertise and achievable resources of cash.

Above time, the contest has led to valuable community and media publicity for the best organization ideas and spurred economic progress in Wisconsin. In 2021, finalists shared in far more than $125,000 in cash and services prizes.

For their initial entries, contestants will submit a 250-phrase (about 2,000 people) plan abstract on-line at govsbizplancontest.com. Contestants will also find organization prepare templates, startup data, networking contacts and complex means from a mix of point out and countrywide assets on the web site.

Contestants who advance to subsequent contest rounds will grow their strategy in phases. About 80 volunteer judges drawn from the finance, revenue, promoting, investigation, and technological know-how sectors across Wisconsin will rating the entries and offer opinions on submissions.

To get begun, contestants should build a easy account at govsbizplancontest.comAll entries are submitted through the internet site. Contestants use their account to achieve obtain to mentors all through the method, as perfectly as overview the judges’ feedback and suggestions.

Given that its inception in 2004, extra than 4,300 entries have been gained and about $2.5 million in funds and expert services (these as legal, accounting, place of work area and internet marketing) have been awarded. Contest groups are Innovative Production, Company Providers, Details Technological innovation and Lifetime Sciences.

Wisconsin residents 18 decades previous and older are eligible, as are groups from Wisconsin-based mostly organizations and corporations. Companies or groups from outside the state are also suitable to contend if they exhibit intent to foundation or broaden their business in Wisconsin. Entrepreneurs may also enter several suggestions, though each idea need to be separate and unique.

Organizations or folks that have not received angel or enterprise capital for their business enterprise strategy in its existing type are eligible to enter. There is no price to enter. As with past contests, the 2022 competitors will choose spot in levels:

  • In Period 1, which is open until 5 p.m. Sunday, Jan. 31, 2022, the contest will take thought abstracts on the internet site. Entries must be approximately 250 terms (or no a lot more than 2,000 figures, together with areas) and will be graded by the pool of BPC judges. The top rated 50 thought abstracts will progress to Period 2.
  • In Period 2, which operates from Feb. 18 to 5 p.m. March 12, 2022, the prime 50 strategy abstracts will post an government summary. The leading 20 executive summaries will progress to Section 3. A mentored “boot camp” for contestants will be held throughout this phase.
  • In Period 3, which operates from April 4 to 5 p.m. April 25, 2022, the major 20 executive summaries will prepare “pitch decks” with voiceover audio up to 15 minutes extensive. Judges will overview the videos and pick three finalists from each and every of the four categories to progress to the closing reside presentation round. Mentored apply classes will be offered to the top rated 12 in late Could.

 The top rated 12, or “Diligent Dozen,” will sq. off with are living displays all through the Wisconsin Entrepreneurs’ Conference in June 2022.

 Earlier finalists have introduced organizations that have lifted extra than $300 million in angel, venture, grants, and enterprise financial debt around time – all though generating employment and financial value for Wisconsin. The contest’s important sponsors involve the Wisconsin Economic Advancement Corp.

The 2021 grand prize winner was Atrility Clinical, a Madison-based company, which has a unit that facilitates extra successful checking and cure of atrial arrhythmia, which is a rhythm disruption that can be tough to select up with current equipment. Category winners in 2021 were SmartWell (Innovative Production), eCourt Reporters (Company Products and services), Nurse Disrupted (Information Technologies) and Atrility Health care (Daily life Sciences).

To enter, grow to be a decide or study about sponsorship options, visit govsbizplancontest.com.