‘A springboard for new businesses': 15th annual Innovation Market will have entrepreneurs compete for the best new business ideas
The annual event hosted by Siouxland Growth Organization (Siouxland GO) is meant to 'foster entrepreneurship and support innovative business ideas in the Siouxland region,' per a release.
'Innovation Market is a springboard for new businesses in our region,' said Siouxland GO President Kristen Heimgartner in a statement. 'We encourage entrepreneurs, community members, and business leaders to come together to support fresh ideas and help shape Siouxland's future economy.'
The competition follows three steps, with the first being the showcase of business ideas that are then displayed anonymously. Attendees will then vote. The top five finalists will then create and submit a business plan for their ideas.
Sioux City seeking input on 2026-2029 Strategic Plan
The finalists will then present their pitches on June 12, where a winner will then be selected. The first place winner will receive a prize of $5,500, $3,000 will go to the second place winner, and $1,500 will go to the third place winner. The final pitch event is only open to Siouxland GO members and Innovation Market Sponsors.
Anyone interested must meet certain eligibility requirements. You must be 18 years or older, the business must be for-profit and within 50 miles of Sioux City, and the business or idea must have launched after May 15, 2024.
Even for entrepreneurs that don't win, the event also provides networking opportunities and engaging discussions.
Past winners of the Innovative Market include Melting Cow, Marto Brewing Co., Jefferson Beer Supply, Crumb., Sizzle and Syrup, and many more.
The Innovation Market will take place on Thursday, May 15, from 4:30 p.m. to 6:30 p.m. at the Sioux City Art Center. It is being held in conjunction with a Siouxland Chamber's Rush Hour Connect event.
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