Aleutian Marketplace Business Idea Competition
2014 Competition Description
DEADLINE EXTENDED: now October 31, 2014. After hearing feedback from our communities, and consultation with The Aleut Corporation it was decided to extend deadline until after The Aleut Corporation annual meetings which are held in mid-October.
The Aleutian Pribilof Island Community Development Association (APICDA) and the Aleut Corporation (TAC) are pleased to announce the inaugural Aleutian Marketplace Competition (Marketplace). 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, with each winner receiving a monetary award.
WHAT YOU CAN WIN
The first three 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.
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 April 1, 2014 can enter. 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
Submission Form format
Each idea must be submitted on a separate form. See sample form in this package.
WHERE CAN I OBTAIN ADDITIONAL APPLICATION FORMS?
You can obtain additional application forms from:
• The competition web site: www.apicda.com/aleutian-marketplace
• APICDA Anchorage office
• NO telephone calls, please.
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 October 31 2014.
3. You can submit as many Business Ideas as you wish.
4. A Business Idea Contest application form must accompany each business idea.
5. Entrants must be a resident of the eligible APICDA and TAC communities as of April 1, 2014
6. Your Business Idea and application forms must be submitted via mail, fax or e-mail to firstname.lastname@example.org 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 2014 Business Idea Application Form.
WHO IS ORGANIZING AND SPONSORING THE CONTEST?
The 2014 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 email@example.com.
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.