They’re Looking for a Few Great Ideas

Attention Indiana Entrepreneurs — Mark August 28 on your calendars. That’s when the 2nd Annual Risk-It Competition, sponsored by the Southeast Indiana Small Business Development Center (ISBDC), is being held.

“The competition is a great opportunity for Indiana entrepreneurs to show off their best and most innovative ideas,” said Blayr Barnard,  Regional Director, ISBDC. “So if you’re an entrepreneur with an exceptional idea for a new business, product, or process, you are encouraged to enter.”

Six to eight finalists will be chosen by members of the Southeast ISBDC, from entries received prior to July 15, 2013, and contacted by email. And all entries will be eligible for no-cost counseling from ISBC’s knowledgeable staff.

Finalists will travel to historic Madison, Indiana’s Venture Out Business Center on August 28 to present their ideas to assembled guests and a select panel of judges. Each finalist will have five minutes to make their pitch to the audience and judges, and both the audience and judges will vote on the idea that they believe to be the best and most marketable.

Three awards will be given: the Judge’s 1st and 2nd Place Awards, and the People’s Choice Award. The Judge’s winners will receive cash awards: $2500 for 1st place, $1000 for 2nd, as well as other valuable benefits including the opportunity to work with the ISBDC and other local business professionals to develop their idea into a viable business venture. The People’s Choice winner will receive half of admission fees (based on audience size).  Winners be announced that night and further honored at the LEADS Indiana Awards Luncheon in Jeffersonville, Indiana on November 13, 2013.

To learn more about the Risk-It competition, and to submit your entry, visit It’s a great opportunity to help bring your best idea to fruition, and a great way for Indiana to encourage entrepreneurial thinking.