Great Ideas…We’ve all had them, but many ideas never leave the idea phase. The Innovation Market strives to bridge that gap from inception to reality! Put on by Sioux City Growth Organization (SCGO), the Innovation Market is Sioux City's one and only business idea competition. Individuals submit their ideas online to take part in one of the biggest think tanks in the area.
First, this event will cultivate positive action in the community by connecting positive people as well as introducing like-minded leaders who are excited about growth and change for Sioux City.
Secondly, this project grew out of a “Fill Empty Spaces” idea. SCGO saw a need to showcase vacant spaces and that is exactly what the Innovation Market accomplishes.
Finally, it’s about ideas. Taking ideas, however big or small and growing those ideas into action. We offer a $5,000 cash prize to the winner of our Innovation Market as seed money to help grow their business idea into a reality!
Follow our Innovation Market Facebook page for continued updates about the event and additional entrepreneurial features!
The five finalists of the Innovation Market are chosen by popular vote on the day of the Innovation Market. Each individual attending the event will receive a voting ballot and will choose their top five ideas. A bin will be placed at the event to collect everyone's ballots. The votes will be totaled and the top five finalists announced the night of the event. The finalists will then present their ideas to the members of Sioux City Growth Organization for the top prizes (date to be announced.)
The five Innovation Market finalists will be required to submit a 3-page business plan before their final presentation. The finalist will have approximately one month to complete the business plan from the point they are a named a finalists. Score and other mentor groups will aid finalists in drafting their final business plans. The business plan will be a binary pass/fail item that must be completed prior to the IM presentation night
The voting process is ANONYMOUS in regard to both individuals submitting ideas and individuals voting. If you are submitting an idea you are not allowed to claim or pitch your idea to attendees until after the voting process.
Your idea must be for-profit entity to be eligible for 1st and 2nd place prize
Your business/idea must reside within a 50 mile radius of Sioux City, Iowa to be eligible for 1st and 2nd place prize.