A group of 52 semifinalists from across the state are advancing to this year's Governor's Business Plan Competition. Of the 52 semifinalists chosen by an independent panel of 70 judges, 18 represent southeastern Wisconsin.
Semifinalists are divided into four categories: advanced manufacturing, business services, information technology, and life sciences. Within these categories, plans range from industrial automation ideas to innovations in medical devices and diagnostics, from food and beverage innovations to technologies that improve water and land use.
Some of the leading companies in southeastern Wisconsin include:
“The trends reflected in the top 52 entries align well with Wisconsin's traditional and emerging strengths.” Gary Frings, Chairman of the Wisconsin Technology Council. “Good ideas come from every high-growth sector of our economy and from every corner of our state.”
The 52 entries participating in the second stage of the contest will create a 1,000 word synopsis. Each overview describes a core product or service, defines the customer base, estimates market size, identifies competitors, lists management team members, and provides key financial data.
In the third phase of the competition, approximately 24 plans will tape record 15-minute pitch decks for the judges. The top 12 contestants will present live at the annual Wisconsin Entrepreneurship Conference in June.
Sponsors contribute cash, office space, legal support, accounting, marketing, social media management, and more. Over the history of the Governor's Business Plan Contest, approximately $2.8 million in cash and in-kind prizes have been awarded.
