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InNovation Market

What is the Innovation Market?

Great Ideas…We’ve all had them, but many ideas never leave the idea phase. Innovation Market strives to bridge that gap from inception to reality! Innovation Market is organized by Sioux City Growth Organization (SCGO) and is Sioux City's one-and-only business idea competition. Individuals submit their ideas online to take part in one of the largest think tanks in the area.

The Market has 3 main goals:

  1. Cultivate positive action in the community by connecting energized people as well as introducing like-minded leaders who are excited about growth and change for Sioux City.
  2. This project grew out of a “Fill Empty Spaces” idea. SCGO saw a need to showcase and fill vacant spaces within Sioux City and that is exactly what Innovation Market is accomplishing.
  3. It’s all about the ideas. Innovation Market enables entrepreneurs to take ideas, no matter how big or small, and grow those ideas into business operations. We offer a $5,000 cash prize to the first place winner of Innovation Market as seed money to help foster their business idea into a reality! Second and third place prizes are also awarded. 

Follow our Innovation Market Facebook page for continued updates about the event and additional entrepreneurial features!

Innovation Market Details & Rules

Step 1 (All Submissions)
Attend the Innovation Market event on Thursday, February 20, 2020, from 4:30 p.m. - 7:30 p.m. at 103 Virgina Street, Second Floor, Sioux City, IA 51101. Each idea submission will appear anonymously at this event. Each attendee at the Innovation Market event will receive a voting ballot and will vote for which five ideas they want to move on to the SCGO member pitch event (there will be a bin at the event for ballots to be placed into). The voting process is ANONYMOUS for both individuals submitting ideas and individuals voting. If you are submitting an idea, you are not allowed to claim or pitch your idea to attendees until after the voting process has concluded. The ballots will be counted and the five finalists will be announced that evening at approximately 7:00 p.m. after the keynote speakers.  

Step 2 (Five Finalists)
The five Innovation Market finalists will be required to submit a 3-page business plan before the final presentation at the SCGO member pitch event. The finalist will have from February 20 until March 4 to complete the business plan. The business plan will be a binary pass/fail item that must be completed submitted by Wednesday, March 4. Score and other mentor groups will aid finalists in drafting their final business plans. 

Step 3 (Five Finalists)
The five finalists will present their ideas and business plan to the members of SCGO on Wednesday, March 11, 2020 at 5:30 p.m.  where SCGO members will cast a ballot to select winners. The first, second, and third place winners will be announced that evening. You must be present to pitch your idea and to win. 

To be eligible, your idea must be a for-profit entity, your business/idea must reside within a 50-mile radius of Sioux City, IA, and you must be 18 years of age or older.

Questions? Contact Kaylee Betterton or Kalynn Sortino

Kaylee Betterton
Innovation Market Board Member, SCGO
P: 319.572.4357
E: KBetterton@HeritageBankNa.com 

Kalynn Sortino 
President, SCGO
P: 515.599.SCGO
E: kalynnlsortino@gmail.com

Ready to submit your idea? Click here to complete the Innovation Market 2020 Idea Submission Form! 

Our Mission:

Our mission is to attract, develop, and retain young professionals in Siouxland by providing insight and opportunities to help shape the future of our community.

Phone: 515-599-7246
Email: SiouxCityGO@SiouxCityGO.com

PO BOX 3565
Sioux City, IA 51102

Sioux City Growth Organization is a 501(c)4

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