Innovative ventures: involve new technologies, products and processes. In general, patents and intellectual property are involved, often from the University of Idaho Office of Technology Transfer. Total awards of $10,000 are available in this track.
Small businesses: tend not to involve intellectual property but focus more on traditional “mom and pop” ventures such as new or expanded retail or service operations. Total awards of $5,000 are available in this track.
Social entrepreneurship/Nonprofits: plans must address a social cause or effort to better the world and society. The business can be set up as a non-profit organization i.e., 501(c) (3), or it can be set up as a profit-oriented business. The ROI (return on investment) for the social entrepreneurship business will be measured by an impact analysis and/or a financial ROI. Total awards of $5,000 are available in this track.