Idea State U Business Concept and Business Plan Competition 2012


Intent to Compete Letters due


Competition Organizer

Department of Commercialization and Innovation; Kentucky Cabinet for Economic Development

Local US Event
Lexington, KY
Submission Date


Business Plan Submission Date


Awards Date


Total Prize Cash (US Dollars)


Competition Category
  • Graduate - Local U.S.
  • Undergraduate - Local U.S.
Who's Eligible

Student teams have to be selected by their university to participate in the state competition. All eight Kentucky State Universities participate in the competition. 
There are graduate and undergraduate tracks in both the business concept and business plan categories. 

Important Dates

Intent to Compete Letters are due by January 20, 2012. Written business plan entries are due on April 12, 2012. Finalists will give oral presentations to the judges on April 21, 2012 at the Lexington Center.

Competition Prizes

Cash prizes in the competition are scaled to provide larger rewards for business concepts and business plans that are judged as being the most complete and ready for the real world marketplace. Prizes will be based on a $100,000 prize pool, and will be divided among 4 tracks: Graduate Business plans, Undergraduate Business Plans, Graduate Business Concepts, and Undergraduate Concepts.

Other Info

Teams must participate in all three events (written presentation, elevator pitch/table-top exhibition, and oral presentation) to qualify for prizes and awards.