Springboard challenge: Final week to register

Posted February 28, 2014

Looking for an opportunity to start your own business? The seventh annual Springboard Ideas Challenge is now open. Contestants have until March 7 to register online.

Springboard is a business plan competition that takes place each year through the Griggs Center for Entrepreneurship and Philanthropy. Contestants include local entrepreneurs who are seeking to start a business and others who have already established small businesses in the Abilene area. The cash prizes come from several local sponsors. This year, certain phases of the competition have changed. The initial application process has been revamped to make each transition phase flow more smoothly for applicants.

“The Springboard Ideas Challenge is a great opportunity for any student interested in entrepreneurial pursuits,” says Luke Luttrell, senior business major and a winner of the 2013 Springboard Challenge. “It offers an unbelievable experience because it forces students to turn a simple idea into a fully functioning business model.”

The competition includes three different divisions: the community-growth division, the community-small business division, and the college division. The first, second, and third place winners in each division will receive cash prizes. For the college division, the first place winner will receive $7,500, the second place winner will receive $3,000, and the third place winner will receive $1,000.

In the community-growth division, the first place winner will receive $15,000, the second place winner will receive $5,000, and the third place winner will receive $1,000. For the community-small business division, the first place winner will receive $5,000, the second place winner will receive $3,000, and the third place winner will receive $1,000. Applicants must be at least 18 years of age and be a permanent resident of one of the qualifying 19 counties surrounding the Abilene area.

Watch a video about Springboard

Read more about the competition














 


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