South Dakota Resources

Governor’s Giant Vision Business Competition

Mary Anne Boyd
VP Program Services
SD Chamber of Commerce & Industry
(877) 817-8215
maryanneb@sdchamber.biz

Purpose of Initiative

The Governor’s Giant Vision Business Competition gives entrepreneurs the opportunity to develop ideas, write a business plan, and make a formal presentation. A panel of business experts review all entries and select eight qualifiers to attend the final competition in Sioux Falls. Qualifiers give presentations and discuss their ideas with business and financial experts, as well as other invitees.

Award Details

The winner will be awarded $20,000. The second place award is worth $10,000, third place is $5,000, fourth place is $3,000, and fifth place is $2,000. Any remaining qualifiers will receive $500 each to help with the expenses of participation. Winners will be based on a combination of the viability of the business proposal. Including considerations of potential competition, likelihood of success, market size, and profitability. Preference is given to business proposals that have the potential to advance employment or the economic base in South Dakota.

Eligibility

The Governor’s Giant Vision Business Competition is open to residents of South Dakota with a new business idea or persons with a start-up business presence in South Dakota. If an existing business, it must have been in operation for no more than three years, as of the application date and annual sales revenues may not exceed $500,000. One may apply for the Giant Vision only twice for the same idea.

Application Information

To apply, entrepreneurs must prepare a business plan totaling no more than 10 pages. For more information about the application process, please refer to the website.

Updated March 2018 by Kevine Lidoro

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Maybe you believe that you don’t have any competition, but your customers know better! Their needs are being addressed now – perhaps not as well, but if there is a need, someone is providing a solution. Learn about the competition and be prepared to differentiate your solution from that of others. Dawnbreaker’s competitor analysis contrasts your competition on specifications, performance and price. Armed with this information we can help you create a compelling value proposition.

DoD Transition Information Packet (TIP)®

The Transition Information Packet (TIP)is a market research report specifically developed for small businesses working with the Department of Defense.

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It’s easy to delude yourself and believe that or course, your target customer wants to buy what you’re offering – but is that the truth? If you fail to ask your customer about important features at the design phase, you risk building a product that they will consider inferior. If you don’t understand when your customer buys or how much they are willing to pay, you may invest too little or too much during scale up. Both of which create problems. If you need assistance in gathering voice of the customer information – let us help you. We scale our initiatives to be appropriate for the decisions you need to make.

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