Wisconsin Big Idea Tournament

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).

Interested in Learning more?

Why Participate?

  • Learn critical entrepreneurship skills and apply cutting-edge Lean Startup business development tools to help you better develop your business concept
  • Test your business idea and present findings at the state level WBIT finals in Madison. 1st place winner will receive:
    • Cash prizes
    • Up to $25,000 in funding through Ideadvance
    • Paid travel to the International Business Model Competition with the opportunity to present on an international stage and win up to a further $27,000
See the benefits of participating

Is this just another Business Model Competition?

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.