WiSys is pleased to launch the 2019 WBIT!
Please check back for more details as planning progresses!
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 2019 International Business Model Competition (IBMC) in May 2019.
Interested in Learning more?
See the benefits of participating
- 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:
- Up to $25,000 in funding through Ideadvance
- Paid travel to the International Business Model Competition May 2019 with the opportunity to present on an international stage and win up to a further $27,000
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.