Griggs Center announces fifth annual Springboard Ideas Challenge

Posted February 27, 2012

The Griggs Center for Entrepreneurship and Philanthropy announced earlier this month that registration for the fifth annual Springboard Ideas Challenge is now open.  This mini-business plan competition gives aspiring entrepreneurs across the Big Country an opportunity to put together a business plan, gain valuable feedback, and compete for over $100,000 in prizes.

"Our goal with the Springboard Ideas Challenge is to promote and celebrate entrepreneurship in our region and give entrepreneurs an incentive and the resources to take the next step in launching their new business" said Dr. Jim Litton, director of the Griggs Center.

The competition is open to residents of Taylor county plus 18 other counties in the region. For the first time, the competition will include a high school division in addition to tracks for college students and community members. The final registration deadline is Wednesday, March 21st with early registration open through March 1st.  All plans must be submitted no later than Wednesday, March 28th.

The Springboard Ideas Challenge has served as a launching pad for a number of area entrepreneurs over the past few years, including Pharos Resources, Hispanic Life Media, Enchilada Express and more.  "Without winning Springboard, I wouldn’t have been able to pursue my new consulting business and other ventures," said Chad Hutchins, the top winner of last year’s competition.

The top prizes for each division include a $50,000 prize for the community division, including $20,000 in cash and $30,000 in free office space, a $10,000 cash prize for college students, and a $1,000 cash prize for high school students.

Sponsors of this year’s event include ACU’s College of Business, the West Texas Innovation Network, Blue Cross Blue Shield of Texas, Bixby Enterprises and Mark Horn Enterprises, the Development Corporation of Abilene, the Diane Graves Owen Foundation, the Dodge Jones Foundation, the Texas Tech Small Business Development Center, plus many more local businesses and organizations.

Learn more about the Springboard Ideas Challenge.

About the Griggs Center

ACU’s Griggs Center for Entrepreneurship and Philanthropy offers a unique learning experience through its commitment to encourage students to include philanthropic goals in their entrepreneurial pursuits. Through classroom instruction, mentoring opportunities and hands-on experience, the Griggs Center equips students to imagine and launch new ventures. The Griggs Center encourages integrating faith with the entrepreneurial journey in a way that positions the successful to give back along the way. The Griggs Center is a program of ACU’s College of Business Administration.

Learn more about the Griggs Center.