About this Program
First Prize: $10,000—all business ideas are eligible
Second Prize: $6,000—all business ideas are eligible
Third Prize: $3,000—all business ideas are eligible
STEM Prize: $5,000—all science, technology, engineering, and mathematic related ideas are eligible
Maker Prize: $5,000—any idea that coincides with the maker culture, must include a prototype for judging (prototype is not required to be functional)
Fan Favorite: $1,000—Crowdsource your idea and have your network vote online for your pitch video via WooBox
Please note: A group can participate in EITHER the Maker Prize OR the STEM Prize, not both.
First Phase Deadline: March 7th at midnight EST
Submission: Business Model Canvas
Once you have your business idea it is important to determine how you will make it into a business. Your business model is just that! How will your business function? Who are your customers? What are you offering them? How will you make money?
You can visit the following link to understand the business model canvas better:
Consumer Products, Consumer Services, Digital Marketing, Education, Financial Services