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 2019 International Business Model Competition (IBMC) in May 2019.
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 2019. The competition will take place in Milwaukee on April 13, 2019.
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.
WiSys offers matching funds and marketing support for all campus qualifying events. For more information on how your campus can access match funds for local campus qualifiers, please contact Jennifer Cook.
2018 Winning Teams
The 2018 Wisconsin Big Idea Tournament embodied the future of entrepreneurship in Wisconsin. The winners of WBIT 2018 were:
3rd Place: Light Fruit Company, James Van Eerden, UW-Milwaukee