b-launched, a Boise-based business competition for young entrepreneurs that awards startup money to winners, has returned for a third year.
b-launched 3.0 is organized by Boise Young Professionals, a program established by the Boise Metro Chamber of Commerce. The competition pairs teams of aspiring entrepreneurs with local professionals who serve as mentors as teams cultivate their business plans and prepare presentations for judges at the end of the contest April 17 at the Boise Metro Chamber of Commerce. The event is closed to the public.
Teams went to work Jan. 7.
The first-place team will receive a minimum award of $20,000. Second place will receive $10,000.
Teams of up to seven young participants will first research business ideas, then develop a prototype product and test the market.
A second, high-school competition, b-launched Junior, will include teams from Timberline, Bishop Kelly, Boise and Centennial high schools. The high school teams will compete for $5,000 in scholarship funds, sponsored by the College of Western Idaho.
Judging for the b-launched competition will take place April 22 at the Idaho Water Center and be open to the public.
The mentors for the 2014 competition are: