Coming up with the idea is the hard part. And for contestants participating in The Gigabit Challenge, that part is over. The worldwide business plan competition asked for executive summaries and business ideas last week. The ideas and submissions were plentiful. Over 110 entrepreneurs entered into The Gigabit Challenge with the hopes of winning the $100,000 startup prize and a chance to develop on the Google Fiber network.
And now, it's time for the full business plans to come in. The semi-finalists have just one week from today to submit business plans for their idea. What's the catch? We haven't announced semi-finalists yet! That means that entrepreneurs are encouraged to work on their business plans now regardless if they are a semi-finalist or not. Semi-finalists will be announced by December 6, 2011.
One week, participants! Get your startup brain fired up because it's time to think big...with a gig! Good luck to all participants.