‘What’s the Big Idea’ biz competition is back

The Knoxville Chamber’s “What’s the Big Idea” business plan
competition is back and this year it comes with  a dose of reality television.

2013wtbilogo.jpg

Borrowing an element from the hit TV show “The Voice” – a group
of successful entrepreneurs will coach contestants who make the semifinal
round.

Applications for the contest are now being accepted. Inventors,
entrepreneurs and anyone else with a “big idea” can click here to apply online at the chamber website.

The deadline to apply is April 8. The competition is
sponsored by the chamber, the Development Corporation of Knox County and Tech
2020.

Normal
0

false
false
false

EN-US
X-NONE
X-NONE

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:”Times New Roman”;
mso-bidi-theme-font:minor-bidi;}


“The new format enhances the spirit of competition and
camaraderie, adding an even greater level of excitement to this year’s event,”  Development Corp. President and CEO Todd Napier  said in a news release. “Coaches have
already expressed their commitment to winning and that drive, coupled with
their experience and resources, will ultimately increase the overall value for
everyone involved.”

Fifteen applicants will be invited to attend a series of
seminars to help them prepare for Team Selection Night when they will deliver a
five-minute business pitch.

Three coaches will evaluate the pitches and each coach will select
three members for their team. The selected semifinalists will spend a month
working with their coaches in preparation  for the final rounds of the competition.

On June 3, the nine seminfinalists will compete in three
separate “Knock Out Competitions,” otherwise known as semifinals. A panel of
independent judges will select a winner for each “Knock Out” round who will
advance to the competition finale which will be held June 20.

The competition will evaluate the business plans “based on
their commercial potential, innovation and/or technical feasibility, newness of
the concept or plan, and viability of a sustainable, competitive advantage,”
according to the news release.

Normal
0

false
false
false

EN-US
X-NONE
X-NONE

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:”Times New Roman”;
mso-bidi-theme-font:minor-bidi;}