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.
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
Innovation Market Board Member, SCGO
Ready to submit your idea? Click here to complete the Innovation Market 2020 Idea Submission Form!