Rules, Eligibility, and FAQs

Rules and Eligibility

Details

  • A team must include at least one degree-seeking undergraduate or graduate student enrolled in an Idaho University or College. While we encourage collaboration with industry, we require that that at least one student on the team be a founding member.
  • Competition teams will be judged on the sustainability of the idea and strength of the venture implementation plan. See the image below for specific areas of focus.
  • 2018 IEC Key Areas of Focus
  • Competitors may submit ONE venture per competition year. Students are not permitted to be on more than (1) proposal/application per challenge.
  • We reserve the right to disqualify any proposal/application that we, in our sole and absolute discretion, determine not fit within the parameters of the challenge.
  • For questions please contact cid@boisestate.edu.

FAQs – Frequently Asked Questions

  • Are there restrictions on how the prize money can be used?

    By entering the Idaho Entrepreneur Challenge, participants acknowledge that funds awarded by the competition are intended for purposes of funding the business concept entered.

  • Can I change or substitute team members?

    For the Idaho Entrepreneur Challenge, team rosters may be modified (members added or dropped) up to January 12, 2018 – after that, no roster changes are permitted. Anyone initially submitted as a team member must agree in writing to be dropped.

  • How is the prize money split between team members?

    Everyone on the roster as of January 12, 2018 will receive a minimum of 10% of any prize money awarded to the team. Unless written documentation is provided stating otherwise (signed by all team members), prize money is split evenly among all team members.

  • Does my venture have to be in a specific stage?

    Your venture can be an idea, in development, or an early stage startup with or without sales. Be prepared to explain the problem you are solving, your solution, the market opportunity, your team, your go-to-market plan, financial model and progress to date.

  • What happens at the final pitch competition?

    Every team will pitch their venture to 3 different judge panels. You will have 4 minutes to pitch your venture and 6 minutes of Q&A. Each judge panel will evaluate and score your pitch and teams will be ranked based on the cumulative scores of all three pitches.

  • How much money can my team win?

    Yep, you read that right: $100,000 in seed funding is available. Awards will be given to the top teams in each track. So bring a killer idea that will rise above the competition.

  • Do I have to complete the application all at once?

    You may update your application and add or remove team members at any time until the January 12, 2018 deadline. Your application is saved automatically with each update you make.

  • Is there a fee to enter the Idaho Entrepreneur Challenge competition?

    There is no fee to enter the Idaho Entrepreneur Challenge.

  • Can my team use any form of technology for our entry submission?

    By entering the Idaho Entrepreneur Challenge, participants acknowledge that they must conform to the technology specifications detailed by the competition for the submission of competition materials (e.g., Startup Compete, PowerPoint, document, etc. submissions). Further, while the competition will work to ensure proper technology functioning throughout the competition, we do not guarantee it.