Nevada Business Idea Contest

Northern Nevada Business Weekly:

A local version of “Shark Tank” is coming to Nevada. The TV show in which budding entrepreneurs fast pitch their business ideas to a team of investors is being replicated in a $100,000 contest sponsored by the Nevada Institute for Renewable Energy Commercialization (NIREC) and the Nevada Governor’s Office of Economic Development (GOED). Here’s how the sponsors of the contest, called Project Vesto, describe it: “$100,000 cash. Your business idea. A room of investors. Five minutes. One chance to prove you have what it takes.” Anyone with an idea for a business and a business model canvas that outlines their plan can apply at www.ves.to to take part. The deadline for applications is Nov. 30 and the form and instructions to create a business model canvas can be downloaded at the Web site. Existing Nevada businesses with under $1 million in revenue and less than $100,000 in private investment equity can apply as well as those with new business ideas.

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