Wednesday, February 13, 2013

Deadline nears for BIG innovation contest entries

Grow Idaho Falls, the city's economic development leader, is looking for people who think BIG.

In this case, BIG stands for the Business + Innovation + Growth Competition, to be held March 28 at the Center for Advanced Energy Studies, 995 University Boulevard. The competition is an opportunity for entrepreneurs and inventors to show off their innovative or novel business ideas or products.

“We have a wealth of creativity right here in eastern Idaho with BYU-Idaho, Idaho State University,
Eastern Idaho Technical College, University of Idaho, Idaho National Laboratory and our surrounding community,” said Grow Idaho Falls CEO Linda Martin CEO.

Six finalists will be chosen to compete before a panel of judges. Winners will share in the $5,000 cash award. Applicants are required to submit a one- to three-page executive summary by Feb. 20 to: admin@growidahofalls.org.

“I expect we will see diverse business ideas and products, ranging from micro farming technology to computer apps to novel energy-saving ideas," said Stephanie Cook of INL’s Technology Deployment group. "Since this is the first competition in eastern Idaho, we are casting a wide net to capture great ideas, no matter the industry or segment.”

Participants are encouraged to work with the Small Business Development Center in their region to refine their executive summary and, if chosen as a finalist, perfect their financing pitch.

For more information, contact Martin at 208-522-2014.