Entrepreneurs and inventors met at Idaho State University today for a free seminar to help them transform ideas into businesses.
Many people dream of coming up with the next great idea or the next tool we can’t go a day without. Today the Invention to Venture seminar taught them how to make that a reality, all leading up to the BIG, or Business, Innovation, and Growth, competition in April.
"It's one thing to have an idea, it's another to find out who else might also have that idea and whether or not you're the first with it, and whether or not anyone's going to buy it from you," said the Executive Director of Innovation, Kevin Randolph.
For innovators and inventors in Eastern Idaho, a chance to launch the next big idea is just around the corner, but first, they had to learn how to make their creation appeal to the masses. That's where today's lectures came in.
"We're showing people how to take an idea through a product development process, understand what it takes to market that idea, and maybe get rich as a result," added Randolph.
Getting rich, or at least starting to, isn't too far off thanks to a competition coming up next month that will award the winner $5,000 to help make their idea a reality. One local man uses his background in computer programming to develop apps, but needs the prize money to help make the games and interactive books come to life.
Shawn Hubscher told us he planned to use the money to, "Hire graphic developers, probably for my business. I need it for illustrators."
The competition aims to encourage thinkers and dreamers to get to work, the next game changer is out there, it's just a matter of having the courage and coaching to create it.
"I think we need to be more creative,” says Randolph, “we as a country have gone from an agrarian economy to an industrial economy, but we're now an idea nation. The internet was our idea, think about all of the other ideas that have come out of a US based system but are now global constructs, and I think we need to foster more of that activity around the country."
Kevin also mentioned the most common reason he finds entrepreneurs give up is they take no for an answer too soon. He always encourages people to depend on their idea, and don’t take criticism to heart. Submissions to the BIG competition are due March 3rd, so if you’re sitting on a big idea, don’t hesitate to enter.