Third Annual Idaho Entrepreneur Challenge Offers $100,000 to Students

Third Annual Idaho Entrepreneur Challenge Offers $100,000 to Students

Toni Nielsen, Zions Bank Western Idaho Region President, congratulating 2016 IEC Winners

The third annual Idaho Entrepreneur Challenge will take place at Boise State University on Friday March 31st, 2017. This contest offers $100,000 in seed money to teams of students from any college in Idaho. Preliminary applications can be submitted online and are due midnight Saturday February 18th, 2017.

Students are encouraged to form a team, and use their home campus resources for guidance in crafting their venture.
Projects can be submitted into one of four tracks for consideration. Those tracks are:

  1. Agriculture + Agriculture Technology
  2. Health + Healthy Living
  3. Technology, Consumer Product, or Service
  4. Social, Cultural, or Environmental Impact

After a track is chosen, a simple proposal needs to be submitted, addressing these six points:

  • Problem/Impact
  • Solution/Technology
  • Market Opportunity
  • Team/Advisors
  • Go-to-Market Plan
  • Progress to Date

In addition to a proposal, teams will also submit a short video pitch with their application. This should be a very simple and concise pitch of 60 seconds and can be created using a smartphone.

Applications will be reviewed by a network of successful entrepreneurs from February 21st to March 1st. In early March, teams will be notified and the 20 finalists will be invited to Boise for the championship event March 31st.

The finals will consist of live pitches and product demonstrations to judges and the local community. There will also be opportunities for students to attend workshops and seminars provided by startup experts.

The event culminates with an award presentation where the $100,000 in seed money will be divided among the teams as decided by the judges. Aside from the cash prize, the event is a great opportunity for young entrepreneurs to successfully springboard into their own ventures. The opportunity to make connections with senior business leaders, and successful founders both in and out of their peer set will serve these students well into the future.

Please visit our webpage to learn more about the requirements, see photos from last year’s event, or read about previous winners.

Toni Nielsen, Zions Bank Western Idaho Region President, congratulating 2016 IEC Winners

Toni Nielsen, Zions Bank Western Idaho Region President, congratulating 2016 IEC Winners

Contestants of 2016 IEC competition socializing prior to award ceremony.

Contestants of 2016 IEC competition socializing prior to award ceremony.

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