The b-Launched business competition sponsored by the Boise Young Professionals has more than doubled the prize money available to competitors.
Now in its third year, the contest has about $90,000 available for the four teams. Each team has up to seven members and must research business ideas before developing a prototype and testing the market. The teams will present their findings to a panel of judges April 17 at the Boise Chamber of Commerce office.
The contest winner will win $20,000, and the runner-up will receive $10,000. The remaining $60,000 will be available to all of the teams — including teams in the high school version of the contest, b-Launched Junior — who can apply after meeting business benchmarks in November.
The b-Launched Junior contest will feature teams from Timberline, Bishop Kelly and Centennial high schools. Teams will compete for $5,000 in scholarship funds, sponsored by the College of Western Idaho.
The high school competition will be judged April 22 at the Idaho Water Center.
Boise Young Professionals is a program sponsored by the Boise Metro Chamber of Commerce.