An idea that plans to create value through ‘synergy’ or ‘better management’ of an existing company is an unacceptable submission. The contest is designed to provide participants with a realistic experience in entrepreneurial endeavors, and therefore ideas will be evaluated based on their likely success in the current market. The following are valid ideas:

•    the invention of a new market or market segment through a completely new idea
•    a plan with a significant acquisition component that thoroughly explains how the reorganization of an existing business is an improvement
•    an ‘intrapreneurial’ opportunity in which an innovative strategy greatly changes a current industry
•    new non-profit enterprises

If you have an existing company that has been incorporated or paperwork is in the process of being filed for its incorporation, a business plan restating your company's operations would be unacceptable.  If the plan focuses on creating/developing a new market for the company or changing/improving the technology used by the company, plans with these goals in mind would be accepted.