Idea Partnership is Seeking Tech Savvy Entrepreneurs and Web Developers
We are offering entrepreneurs an incredible opportunity to get free office space, business and development mentoring, marketing, and up to $25,000 in funding to launch their web-based business idea.
James Borzilleri, founder of Idea Partnership of Utah, is a successful entrepreneur who has spent the past 15 years working on a variety of online projects that have been used by millions of consumers and businesses. “Idea Partnership gives me the chance to give back to the community and help other entrepreneurs and businesses succeed,” said Borzilleri. Idea Partnership of Utah focuses on web-based technology and software companies.
Developing technology and growing a business is hard and it’s certainly harder going it alone. Idea Partnership of Utah has a team of business and tech savvy people that can help. “Every entrepreneur could use $25,000 in seed funding, and the mentoring and business advice you receive from Idea Partnership is far more valuable than the money we offer,” said Shawn Smith, VP of Business Development.
Statistics show that by starting a business with a business incubator and using its experience and mentorship, the chances of an entrepreneur’s success increase dramatically. A study conducted at the University of Michigan found that 87% of businesses developed within a business incubation program stayed in business long term. This type of investment in young companies is also beneficial to the state, eventually creating jobs and bringing more wealth to Utah.
Submission guidelines
• All Submissions should be for web-based businesses or web-based software.
• If you do not have any financial history and are in the the pre-revenue stage, you are still encouraged to apply.
• Your analysis of the marketplace should show that your product will sell and that there is a demand for it.
• You or someone in your team must be a web developer / programmer / coder. While we gladly offer development and technical mentoring, we are not providing development services.
• You must be local and able to work one-on-one with us in our Murray, Utah offices.
• Multiple winners may be selected
What to Expect
Step 1: Submit your idea/executive summary. Be sure information is completed to the best of your ability, and projections are as accurate as possible – even if you are in pre-revenue stages.
Step 2: Individuals/teams selected will be contacted to come in to interview and pitch the idea and business.
Step 3: If you are selected, we will use our capital, resources, and expertise to assist you in creating, launching, and marketing your product/service.