Saturday, April 21, 2018 Discovery Building, Madison, WI
What's the Big Idea?
WBIT is an entrepreneurship competition open to undergraduate and graduate students attending any two- or four-year University of Wisconsin school across the state (except UW-Madison). It teaches cutting-edge Lean Startup business development tools, provides business mentorship, and allows participants to compete at a state level for a chance to win seed funding for their idea as well as a chance to compete internationally at the 2018 International Business Model Competition (IBMC) May 10-11 in Provo, Utah.
Over 85 percent of new businesses fail within a few years, often because they try to plan their way to success. It’s time to change.
WBIT represents a new paradigm in entrepreneurship. WBIT is not a business plan competition but rather a business idea competition based on a new way of thinking about the entrepreneurial process and business concept development. Instead of preparing a detailed business plan, student teams will identify and test their business assumptions EARLY in order to quickly identify customers and market potential and present the findings of their work in a brief 10 minute presentation to judges.
Campus teams must be selected by the end of March to be eligible for WBIT 2018.The competition will take place in Madison on Saturday, April 21, 2018.
The At-Large Round is designed to allow either a) teams who compete in and do not win a campus qualifying event or b) teams who show promise after the qualifying events are completed to advance to and compete in the WBIT.