Turning ideas into businesses
Monday, April 10, 2017
Wyoming is going through a competitive streak.
It started 16 years ago with the John P. Ellbogen $10K Competition.
Each year, a handful of University of Wyoming students would pitch their ideas for businesses. Semi-finalists received personal mentorship from business experts. The winners would split the cash prize, which was used to try and take the startup to initial sales and beyond.
“In addition to an academic exercise for the students, we treated it as a pipeline for client companies,” said John Dick, director for the Sheridan area Wyoming Technology Business Center incubator.
Startups aren’t for the timid. Most ideas failed. Some, like FireWise Forest Management (now TigerTree Land Management), Rave Nation and 7200 Ft. Productions have found a niche. Other startups, like Glycobac, are nurturing their firms in the Wyoming Technology Business Center’s incubator system. The Technology Business Center is a partner of the Wyoming Business Council, the state’s economic development agency.
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