Rules & Scoring
Contestant Rules & Eligibility Requirements
The Enterprise Challenge is for individuals, teams or companies that are located in either Yakima or Kittitas County. Participants must comply with the following:
- Teams and/or businesses must be based in Yakima or Kittitas County, Washington and/or plan to locate the business in either County.
- Business plans may be submitted by individuals or teams. Teams may have a maximum of five members.
- For a team or company, at least 50% of the partners must be located in either Yakima or Kittitas County, or the business is located in either County.
- The applicant and team members that are identified as owners, managers or primary business funders are required to attend the orientation, least one workshop and attend the Enterprise Trade Show to advance to the final round of the contest.
- Contestants under 18 years of age must have a signed consent form from a parent or legal guardian.
- The business must have been in operation for less than two years with gross receipts under $1 million, or it must be a new business venture. New Vision may request supporting documentation for verification.
- Business must be ‘for-profit’ with any area of commercial endeavor valid (nonprofit organizations running for profit ventures are eligible to compete in the contest).
- Contest judges will recuse themselves if he/she has a conflict of interest (i.e. family, financial or business relationship).
- Judges decisions are final, including interpretation of the rules.
- Previous Enterprise Challenge participants may enter with a different business; however cash prize winners from previous Enterprise Challenges are not eligible.
- Winners will receive half their prize money at the awards ceremony and the other half at a mutually agreed upon milestone. (i.e.- official opening of business).
**In the event that the contest does not generate enough participants, New Vision reserves the right to amend cash prize amounts or registration deadlines.
New Vision will award funds in two phases to the contest's three prize winners. These contestants will receive half of their prize monies at the awards banquet. The rest of each winner's funds will be distributed at an agreed upon milestone for the enterprise (ex. opening doors for business).
Business Plan Scoring Criteria:
"The best foundation a business can possess is the rigorous and supportive guidance that the Enterprise Challenge provides. We feel that any entrepreneur’s dream or business plan becomes a winner through this experience, truly a boot camp for professional success." - Dr. Tyrone Rodriguez, Selah's Smiles Dental Clinic