Business

Wisconsin Technology Council: Back to Business: Students have one month to enter “Wisconsin YES!” Online business plan competition

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The countdown is on for middle and high school students to participate in Wisconsin Youth Entrepreneurs in Science, a statewide youth business plan competition inspired by the success of the business plan competition. affairs of the Governor of Wisconsin. It is open to online registrations for Wisconsin middle and high school students through 5 p.m. April 13, 2022.

Wisconsin public, private and home-schooled students are eligible to turn their science and technology ideas into business plans and compete for cash and prizes. The competition begins with a 250-word abstract submitted by WisconsinOUI.com.

Entries that advance to Phase 2 of the competition will develop their idea into a 1,000-word abstract. Throughout the process, students receive feedback from Wisconsin professionals who will serve as judges.

In a school year that saw a combination of in-class and virtual instruction, Wisconsin YES! can be a tool for educators. It promotes interest in science and technology education and encourages students to be independent and creative thinkers who can solve problems.

“Leveraging technology, thinking creatively and working as a team are all important characteristics for today’s entrepreneurs,” said Tom Still, president of Wisconsin Technology Council. “Entrepreneurial skills are critical to the long-term success of Wisconsin’s youth, as well as the state’s innovation economy.”

To start, students create a simple account on WisconsinOUI.com. All entries are submitted via the website. Students use their account to access judges’ comments and reactions. Templates and sample entries for both phases are available on the website, along with other entrepreneurial resources.

Chronology:

Phase I: Idea Summary
Registration deadline for phase 1: April 13, 2022
Entries should be approximately 250 words (or no more than 2,000 characters – including spaces).

Phase 2: Abstract
Phase 2 schedule: opens April 28, 2022 – closes 5 p.m. May 9, 2022.
Entries that advance to Phase 2 of the competition will submit a 1,000-word abstract.

The end of each phase is followed by approximately one week of judging. At the end of the judging period, all participants will be able to log in and view the judges’ comments.

Students can work in teams or individually and will be judged based on their grade level, with the oldest member of the team determining the category of the team. Students or teams can submit multiple ideas.

Place finishers in each category – 9and year and under, 10and year 11and year and 12and rank – are eligible for cash and prizes. The grand prize winner will present their winning idea at the Wisconsin Entrepreneurs Conference in June. Past winners hail from Minocqua, Racine, Weston, Brookfield, New Glarus, New Berlin, La Crosse and Oshkosh.

The contest is produced by the Wisconsin Technology Council, with major sponsorship so far provided by AEM Trust and UW-Madison Office of Business Engagement.

Past supporters of the contest’s outreach include: Department of Financial Institutions, Department of Public Instructionthe Association of Wisconsin School Administrators, Project Leads the Way Wisconsin, Secure future, STEM front, Wisconsin School Boards Associationand Association of School Affairs Officials of Wisconsin.

The Wisconsin Technology Council is the independent, nonprofit, nonpartisan science and technology advisor to the Governor and Legislature. It serves as a catalyst for technology-based economic development in Wisconsin through programs such as the Technical Council’s Investor Networks, the Governor’s Business Plan Competition, and the Technical Council’s Innovation Network.