
The New Ideas Dream Team, a coalition of representatives from SC Launch!, New Carolina — SC’s Council on Competitiveness, FastTracSC, ThinkTEC, InnoVenture, and other organizations around the state, announced today that the 2007 New Ideas for a New Carolina statewide business idea competition is now officially taking submissions. South Carolina entrepreneurs can submit their ideas for a business from March 28 through April 15, 2007 at http://www.newcarolina.org/new-ideas.
The winners will be announced at the ThinkTEC Innovation Summit in Charleston on May 7, 2007 with awards presented by Bobby Harrell, SC’s Speaker of the House and avid supporter of the New Economy. This year’s contest will provide twice as many cash prizes to South Carolinians who will be competing within specific business categories and have the opportunity to vote online for their favorite idea. The Grand Prize winner will receive $3000 seed money for their business idea, a scholarship to FastTrac entrepreneurial training programs, tickets to the Innovation Summit and access to a Dream Team of Mentors to help the winner cultivate the ideas. The Dream Team consists of business leaders throughout the state, representing a variety of disciplines, who have committed to giving counsel to New Ideas for New Carolina winners.
There will also be winners in up to 12 different business categories, each receiving $1500, a scholarship to FastTrac and tickets to the Innovation Summit. The runners-up will receive $500. Lastly, the contest will feature a College Student category, also eligible for the Grand Prize, and a People’s Choice Award in which South Carolina citizens can vote online for their favorite idea out of the Top 10 ideas in the Wild Card business category. The college contestants must have a valid college email address and ID to enter. Awards are provided by the presenting sponsor SC Launch!, The Palmetto Leadership Council and BB&T.
Entering and winning the 2006 New Ideas for a New Carolina contest resulted directly in Jon Oliver getting investment capital to launch Drujoli Inc., which manufactures Swifturf, a recycled product replacement for sod grass, manufactured from all organic products. He says, “After winning the New Ideas contest, an investor sought me out. I tested Swifturf for him at a place where he said nothing would grow. Well, it grew and it looks like Ireland there now.” Oliver secured the investor and is now in phase two of his business development plan, ready to start importing the necessary products, manufactured in SC, and making it available to landscapers and the general public by Q2 2007.
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