The annual Governor's Giant Vision competition is now accepting applications. Individuals who have a new business idea are encouraged to enter the Business Competition for a chance to win up to $20,000 to launch their idea. South Dakota college, university or technical school students are encouraged to enter the Student Competition and compete for a top prize of $5,000.
The competition brings people with new ideas together with judges and other invited guests who have business development experience and those who have the capacity to make venture investments. The focus of the program is on the business plan or business model and the potential for job creation.
The Governor's Giant Vision competition is open to all South Dakotans with new ideas that they believe would benefit from the review and analysis process of the competition, while vying for funds to assist their start-up.
Former participants confirm that 'win or lose' there is great value in the application process. For those who do not make it to the competition, the exercise of writing a formal business plan is a valuable experience that is helpful with future successes. Success stories from the competition, including DocuTAP and OmegaQuant LLC in Sioux Falls and SMRTGrid in Baltic, prove that the competition helps to create viable companies that provide good job opportunities and contribute to the state's economy.
Application deadlines are Feb. 15 for the Business Competition and Feb. 22 for the Student Competition. Qualified applicants will compete at the final event on Wednesday, April 11 at the Sioux Falls Convention Center. The event is held in conjunction with the annual Governor's Office of Economic Development Conference.
The Governor's Giant Vision competition is hosted by the South Dakota Chamber of Commerce and Industry. Complete details and rules for the competition can be found at southdakotagiantvision.com. For more information, contact Mary Anne Boyd at firstname.lastname@example.org.