Northern Nevada Business Weekly:
A local version of â€œShark Tankâ€ 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 Governorâ€™s Office of Economic Development (GOED). Hereâ€™s how the sponsors of the contest, called Project Vesto, describe it: â€œ$100,000 cash. Your business idea. A room of investors. Five minutes. One chance to prove you have what it takes.â€ 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.