A business plan competition in Waterworld?

swimming_city

No, Kevin Costner and Dennis Hopper won’t be sitting on the judging panel, but the setting for this business-plan competition, reminiscent of the 1996 movie “Waterworld”, has attracted our attention none-the-less.

In The Seasteading Institute’s Sink or Swim contest, contestants will submit their proposals for a business that will exist on on a “seastead”– a populated and self-governing platform anchored in the ocean outside territorial waters.

The purpose of seasteads, as stated on TSI’s website, is to “build a new frontier, a place where those who are dissatisfied with our current civilization can go and build a different (and hopefully) better one.” Seasteads will be free to experiment with new policies and regulation, customizing the environment to the needs of their residents and commercial interests. The idea of the contest therefore is to more closely examine how businesses would fair on these utopian and self-sustaining platforms.

So put on your capitalist-utopian thinking caps and submit your rough-draft business plan by October 8, 2010 for a chance to win up to $2,500 in cash and free admission to the next seasteading conference. Final plans are due December 8 and winners will be announced on December 30, 2010. [Update 9/22/10: The first place prize and total prize pool have been doubled and the initial due date has been extended to Oct 22.]

We’re hoping your idea floats.

Photo credit: The Seasteading Institute

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Co-founder of Bizplancompetitions.com. 2009 graduate of Nazareth College (Rochester, NY) who enjoys riding horses and motorcycles (in that order).
View all posts by Megan Hurley → This entry was posted in Featured Posts, Updates and tagged . Bookmark the permalink.

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