New business plan contest targets students

Posted on May 25, 2011 :: Insight on Business, Web Exclusive.
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Posted by of Insight Publications

Two groups are teaming up to launch a statewide business plan contest for students in middle and high school next fall.

The Wisconsin Technology Council and the WEA Trust are sponsoring the Wisconsin Youth Entrepreneurs in Science contest, called Wisconsin YES! The contest will be open to all students in Wisconsin who are entering grades six through 12 for the 2011-2012 academic year.

Patterned after the successful Governor’s Business Plan Contest, Wisconsin YES! is a multi-stage, primarily online contest that will encourage young people in Wisconsin to turn their ideas and inventions into real business plans. The contest will help finalists win cash prizes of up to $2,500 and an additional $2,500 grant for their schools. Judges will be professionals working in the state’s technology, research, investment and service sectors.

The Wisconsin YES! contest will open for online-only entries beginning Oct. 3 at www.wisconsinyes.com. Phase 1 Idea Abstracts will be accepted on the website through 5 p.m. Dec. 5. Idea Abstracts are 250-word business ideas. Phase 2 begins Feb. 6, 2012, and runs until 5 p.m. April 2. Finalists will be selected for Phase 3 oral presentations to take place in May 2012, with winners announced at the 2012 Wisconsin Entrepreneurs’ Conference in early June.

Entries must fall into one of the four following categories: 9th grade and under, 10th grade, 11th grade or 12th grade. Group entries must enter the grade category of the highest grade represented on the team. (For example, a team comprised of a freshman and a junior would enter the 11th grade category.)