Grand Prize, $5000 - Summit Credit Union Second Prize, $2500 - Findorff Third Prize, $1500 - American Family Insurance Fourth Prize, $1000 - Madison Gas and Electric (Plus a sponsorship to attend the Wisconsin Entrepreneurship Confrence) Fifth Prize, $1000 - Cleary Building Corp Sixth Prize, $1000 - Sponsored by Mae Laatsch
Event Sponsor, $1000 - Wisconsin Economic Development Corporation
In Kind Prizes
$2400 - 100State
A summer-long (3-month) membership to 100State for each Challenge finalist. This will provide our finalists with a physical business idea space to continue fostering their plan after the school year has concluded. The second donation is 2 pitch-evaluation sessions for the finalist to take place before the day of the presentations. 6 members of the 1000State organisation will listen to and evaluate the participant pitches during the 2 2-hour events. They will provide the students with professional feedback that allows the students to go back and rework their presentations.
$1000 - Madison Noteworthy, Kay-Tee Franke
"Custom Media Training" for the winner, will include 1:1 training from the co-founders of Madison Noteworthy, Zach Nigh and Kay-Tee Franke. The recipient will receive training that will prepare the finalist for presenting their new venture and earning media exposure. During the training, the recipient will be able to practice their new skills on-camera, in a studio setting.
$325- SourceHouse, Nels Bodway
Free design and printing of 1,000 business cards for two finalists
$250 - Doyenne Group
Scholarship to the Doyenne Group Retreat; a weekend long retreat for women entrepreneurs. Recipient will be a female finalist.
Thank you to the 2015 Judges:
Julie Haberkorn - Summit Credit Union Sean Cleary - Cleary Holdings Inc. and Cleary Building Corp. Dave Volz - Wisconsin Economic Development Corporation Kay-Tee Franke - Madison Noteworthy John Drury - Madison Gas & Electric Carrie Castree - Jeanette's Daughter Chris Rudolph - American Family Dream Bank
The Fourth Annual Madison College Challenge will be held May 6, 2016.
Inspire individuals to become entrepreneurs
Connect individuals with Madison College alumni, academic experts, and private industry professionals
Help create new ventures, new knowledge and skill sets, new attitudes, and new jobs
Provide a non-traditional source of start-up funding for aspiring entrepreneurs within the Madison College district through a $5000 cash prize micro-investment from the Madison College Foundation
How to Enter the Contest for 2016: (Check back for due dates and 2016 Application)
The Madison College Challenge is open to all students who were enrolled in at least one credit or non-credit class during the 2014-2015 or 2015-2016 school years (see the Madison College Challenge Rules below, for additional eligibility requirements).
Phase 1 Feasibility Analysis is due in electronic file format using the Feasibility Analysis guidelines provided.
Top Phase 1 Feasibility Analysis submissions will be announced and invited to prepare complete Business Plans for Phase 2.
Electronically submit Phase 2 Business plans. Top submissions proceed to Phase 3.
Present Phase 3 Oral Business Plan in person May 6th. Award ceremony to take place May 6, 2016.