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If you have every had an idea for a business, and wanted to validate it, they you should register for the Rexburg BIG Idea Competition. 

March 7, 2024

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Why Participate?

Your idea deserves to be recognized. The Rexburg Big Idea Competition is a platform for you to test out your idea in front of other entrepreneurs, audience members, and a panel of judges.

Rexburg Big Idea Competition Rules 

 

  1. Eligibility: 

    1. The competition is open to individuals and teams with innovative business ideas, regardless of their current business status. 

    2. The specific venture entering the competition, if formally organized, must have been started within the last 2 years or less. 

    3. Participants must be at least 18 years old, or have a parental signature if under 18. 

    4. No staff members of The Big Idea program, judges, or other individuals who have a conflict of interest may participate on teams. 

  2. Idea Submission: 

    1. Participants must submit their business idea through the official competition platform by February 29th.  

    2. Submissions should include a brief description of the business idea, addressing its uniqueness, target market, and potential impact. 

  3. Presentation Format: 

    1. Each participant or team will have a maximum of 90 seconds to present their business idea, with 4 minutes overall including time for questions. 

    2. Presentations may include visual aids such as slides, prototypes, or samples. 

  4. Judging Criteria: 

    1. Submissions will be evaluated based on creativity, feasibility, market potential, and overall presentation quality. 

    2. Judges will assess how well the business idea addresses a specific problem or need in the market. 

  5. Intellectual Property: 

    1. Participants retain the intellectual property rights to their business ideas. 

    2. By participating, participants grant the organizers the right to use their business idea and presentation materials for promotional purposes. 

    3. Teams must abide by all intellectual property laws, business laws, and the codes of conduct of their respective organizations. 

  6. Code of Conduct: 

    1. Participants are expected to conduct themselves in a professional and respectful manner throughout the competition. 

    2. Any form of discrimination, harassment, or inappropriate behavior will not be tolerated and will result in disqualification. 

  7. Awards: 

    1. Awards and prizes will be presented to the top-performing participants, as determined by the judging panel. 

    2. The nature of the awards may include cash prizes, mentorship opportunities, and other forms of support for business development. 

  8. Participant Confirmation: 

    1. Participants must confirm their attendance by March 4th to secure their spot in the competition. 

    2. Failure to confirm attendance may result in disqualification. 

  9. Event Attendance: 

    1. Participants must be present (in-person with no virtual presentation options) at the event on March 7th, 2024, at The Hatchery Coworking Space inside Rexburg City Hall. Participants must arrive not later than 5:45 PM to complete registration.  

  10. Changes to Rules:  

    1. The organizers reserve the right to make changes to the competition rules or event details if deemed necessary. Participants will be notified promptly of any changes. 

  11. Organizer Discretion:  

    1. The organizers reserve the right to disqualify any participant or team that violates the competition rules or engages in any unethical or inappropriate behavior. 

By participating in the Rexburg Big Idea Competition, participants agree to abide by these rules and any decisions made by the organizers and judging panel. 

What can you win?

 

1st Place                       $500

2nd Place:                    $300

3rd Place:                     $200

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