2015 Competition Description
The Aleutian Pribilof Island Community Development Association (APICDA) and the Aleut Corporation (TAC) are pleased to kickoff round two of the Business Idea Competition. The Marketplace is designed to highlight business development and innovation in the 12 communities served by APICDA and TAC.
The Aleutian Marketplace Business Idea contest is a monetary award contest for the best business ideas.
Entries will be judged on their innovation, sustainability, and the ability to create jobs. Three judges will decide the first, second, third places, and former resident category with each winner receiving a monetary award.
WHAT YOU CAN WIN
The winners will receive a monetary award.
• First place winner will receive $1,000 in prize money.
• Second place winner will receive $650 in prize money.
• Third place winner will receive $350 in prize money.
• Former region resident currently living in Alaska will receive $500 in prize money.
IS THERE AN ENTRY FEE?
No entry fee, and you can submit as many entries as you wish.
WHO CAN ENTER?
Any resident of the 12 TAC and APICDA communities as of August 1, 2014 can enter. Former region residents currently living in Alaska are eligible for a former resident prize if they are currently living in Alaska. There are no age limits.
APICDA and TAC Eligible Communities
Adak, Akutan, Atka, Cold Bay, King Cove, Nikolski, False Pass, King Cove, Nelson Lagoon, Sand Point, St. George, St. Paul and Unalaska
WHERE CAN I OBTAIN ADDITIONAL APPLICATION FORMS?
You can obtain additional application forms from:
• The competition web site: www.apicda.com/aleutian-marketplace
• Call the APICDA Anchorage office at 1-888-927-4232
• Email firstname.lastname@example.org
THE CONTEST RULES
The rules are few and simple, but must be adhered to:
1. The Business Idea submitted cannot be for an existing business, although the person submitting the idea can currently be a business owner.
2. You must submit your Business Idea by March 13, 2015.
3. You can submit as many Business Ideas as you wish.
4. A Business Idea Contest application form must accompany each business idea.
5. Contestants must be a resident of the eligible APICDA and TAC communities as of August 1, 2014 or a former resident of the region currently living in Alaska. Please use former resident application form.
6. Your Business Idea and application forms must be submitted via mail, fax or e-mail to email@example.com by the closing date.
7. Entrants can be of any age.
8. The judges’ decisions are final and cannot be appealed.
Three people from Alaska will judge the entries. These judges, who will remain anonymous, will be experienced business and investment people.
HOW WILL THE JUDGES EVALUATE THE ENTRIES?
When evaluating entries, each judge will grade the entries by a point system with 100 total points representing the maximum, as follows:
A maximum of 50 points will be awarded for the innovation and uniqueness of the business idea. That is, does this business idea represent a new and different business that is indeed unique, and does the business idea make sense.
A maximum of 25 points will be awarded for the sustainability of the business idea. That is, can this business idea be started as a real business and still be a viable business 5 years from today.
A maximum of 15 points will be awarded for the economic value created by the business idea. That is, would the business idea be able to create and support a number of jobs in the community and improve its economy.
A maximum of 10 points will be awarded as ‘judges choice’. That is, the judges will have 10 points to use at their own discretion.
IS MY IDEA PROTECTED?
You own the rights to your ideas. You will enter the contest on the assumption that your idea will be reviewed by people who process the contest application and judge the contest, but who also understand that the business idea is yours. The winning business ideas may be distributed to potential funding sources and the business idea winners publicly announced through the press and other media.
The Aleutian Pribilof Island Community Development Association (APICDA) or the Aleut Corporation (TAC) employees, contest judges, and others administrating the contest accept no liabilities and cannot guarantee that your idea will remain confidential.
HOW MANY IDEAS?
You can submit as many ideas as you wish. Each idea, though, must be submitted on a separate application and submission form.
WHO IS ORGANIZING AND SPONSORING THE CONTEST?
The 2015 Business Idea Contest is organized by the Aleutian Pribilof Island Community Development Association (APICDA) or the Aleut Corporation (TAC).
We have attempted to answer all of your potential questions in this contest application pack. If you have additional questions or need help in understanding any part of this package, you can submit your questions via e-mail to firstname.lastname@example.org or call 1-888-927-4232.
HAVE A DISABILITY?
If you have a disability that restricts you from completing the application form, contact the Aleutian Pribilof Island Community Development Association (APICDA) or the Aleut Corporation (TAC) who will make best efforts to provide you with assistance.