SwampFox

New Ideas SC Business Idea Competition Kicks-Off with Cash Prizes

Submitted by: Mary Dickerson on Jul 14, 2010 at 7:57 pm Tagged with: Business Idea contest Source: www.NewIdeasSC.com

Everyone has a dream or a great idea, what’s yours? South Carolina residents can win $20,000 in cash prizes for the best business idea through the New Ideas SC Contest, which kicks-off Thursday, July 15, 2010.

This is the sixth time for the New Ideas SC Contest to foster entrepreneurism in South Carolina Participants can enter their idea at www.NewIdeasSC.com from July 15 – September 20, 2010. The winners will be announced at the Small Business Innovation Summit and Expo in Charleston on November 3, 2010. The grand prize winner will receive $5,000 of seed money for their business idea, a scholarship to a FastTrac® entrepreneurial training program, tickets to the Small Business Innovation Summit and Expo and a Dream Team of Mentors to help the winner cultivate their idea.

Five first place prizes of $2,500 will be awarded in the categories of Bio-Science, Software/Information Technology, Engineering, Environmental Sustainability and Wild Card. Each winner will receive a scholarship to FastTrac® and tickets to the Small Business Innovation Summit and Expo. There will be five $1,000 honorable mention prizes distributed as well as in each category.

Winners will be chosen based on the idea’s viability, innovation/vision and profit/revenue potential.
Henry Hay, owner of the Muhler Company in Charleston County, won the grand prize in the last contest for his idea for the ‘Storm Stud’. Since the contest, this revolutionary new product has gone into production and is now available to customers. The Storm Stud offers coastal home owners the latest in built in hurricane protection for their existing homes with lightweight storm panels that can be carried under one arm.

“We are looking for those business ideas that can bring new jobs, new energy, new talents, new life and new wealth to South Carolina” said Mary Dickerson, Coordinator of the New Ideas SC contest. “Thanks to the gracious support of our primary sponsor: SC Launch® we are able to offer this opportunity. Other sponsors include: FastTracSC, ThinkTEC, OrangeCoat, TWIF Marketing and New Carolina.”

So what are you waiting for? Enter your Idea at www.NewIdeasSC.com by September 20, 2010 for a chance to win!