Governor’s Giant Vision Business Competition
Mary Anne Boyd
VP Program Services
SD Chamber of Commerce & Industry
Purpose of Initiative
The Governor’s Giant Vision Business Competition gives entrepreneurs the opportunity to develop ideas, write a business plan, and make a formal presentation. A panel of business experts review all entries and select eight qualifiers to attend the final competition in Sioux Falls. Qualifiers give presentations and discuss their ideas with business and financial experts, as well as other invitees.
The winner will be awarded $20,000. The second place award is worth $10,000, third place is $5,000, fourth place is $3,000, and fifth place is $2,000. Any remaining qualifiers will receive $500 each to help with the expenses of participation. Winners will be based on a combination of the viability of the business proposal. Including considerations of potential competition, likelihood of success, market size, and profitability. Preference is given to business proposals that have the potential to advance employment or the economic base in South Dakota.
The Governor’s Giant Vision Business Competition is open to residents of South Dakota with a new business idea or persons with a start-up business presence in South Dakota. If an existing business, it must have been in operation for no more than three years, as of the application date and annual sales revenues may not exceed $500,000. One may apply for the Giant Vision only twice for the same idea.
To apply, entrepreneurs must prepare a business plan totaling no more than 10 pages. For more information about the application process, please refer to the website.
Updated March 2018 by Kevine Lidoro