Yet even with a great idea, entrepreneurs need to have a well-developed business description, marketing research, defined strategy, and a thorough financial framework. Imagine you're on Shark Tank - how will you get the attention of the judges? You need a solid business plan.
"The Big Idea SCV" event provides a unique opportunity for those ages 16 - 22 to learn about entrepreneurship, and prepare to put their ideas into action. The Big Idea SCV Challenge focuses on unleashing creativity, encouraging a mindset of abundance and self-determination, and promoting purposeful entrepreneurial action.
High school and College students ages 16 - 22 with a solid business idea, concept, product are invited to pitch in front of a panel of seasoned entrepreneurs for a chance to win cash prizes. Over $25,000 in total prizes will be awarded. Pitch your innovative business concepts to experienced entrepreneurs and business-people, receive feedback on their ideas, join a community of like-minded students, and compete for prizes?
Entrepreneurship is a cornerstone of what makes America great. Successful businesses are founded on interdisciplinary, communication, and critical thinking skills, many of which must be gained through experience. While raw knowledge can be obtained in the classroom, it can be difficult for a burgeoning young entrepreneur to experience the process of developing a business plan and executing it. That’s where entrepreneurship competitions can help play a huge role. These competitions give outlets to students who may have a great idea but lack the resources or mentorship for comprehensive follow-through.
With economists predicting the jobs of tomorrow don’t even exist today, entrepreneurial skills are skills for life. Don’t feel intimidated by the term “entrepreneurship”. Even if you don’t consider yourself an entrepreneur in its traditional sense (i.e., start a company), think of entrepreneurial mindset broadly. Are you willing to challenge yourself and step out of your comfort zone? How often do you take initiative? Are you attracted to new ideas or concepts? Does working with a group of high-achieving peers sound exciting to you? This entrepreneurship competition aims to equip students with core skill sets that are essential to college and career success, skills such as critical thinking, communication, teamwork, and time management.
Participating in this pitch competition is an investment for your future and decades to come. This competition will give you a platform where you can pitch your startup in front of community business leaders, an opportunity to showcase your idea and possibly win… We encourage every student to throw their hat in the ring and get some experience pitching their venture – you never know what you’ll end up walking away with!
The Big Idea SCV is a signature project of the BFF of CA, in partnership with the Santa Clarita Valley Economic Development Corporation
On behalf of the Baker Family Foundation and the Economic Development Corporation we would like to thank you all for your support of The Big Idea SCV. Unfortunately, due to lack of submissions we are going to suspend the competition at this time.
However, like all good entrepreneur’s we are not going to let this setback detour us from bringing this incredible event to our community. When you hit a wall you "climb over it" and this is exactly what are doing. We are going to regroup, pivot and intend to relaunch the competition this fall. Stay tuned for upcoming announcements!
Big Idea FAQ's
We've got the Answers
An independent panel of judges reviews all entries. The finalists will be invited to present their business idea (or discuss a business they now operate) in five minute presentations to a panel of judges. The judges will score all finalists based on their written submission and oral presentations to determine a 1st and 2nd place winner.
Over $25,000 worth of prizes will be awarded throughout the competition. The winning applicant will receive a $7,500 prize.
For any further questions or inquiries about The Big Idea SCV project, please contact: email@example.com
First Break all the Rules by Curt Coffman and Marcus Buckingham
The Lean Startup by Eric Ries
Zero to One by Peter Thiel
From Good to Great by Jim Collins
The 7 Habits of Highly Effective People by Stephen Covey
The Fifth Discipline by Peter Senge
Who Moved My Cheese by Spencer Johnson
Think and Grow Rich by Napolean Hill
How to Win Friends and Influence People by Dale Carnegie
Start with Why by Simon Sinek
Why A Students Work for C Students by Robert Kiyosaki
What They Don’t Teach you at Harvard Business School by Mark McCormack
The BFF strives to make a positive impact on our community by creating a bridge between those in need and the resources that drive positive change. We focus on two primary areas.
Providing life changing resources for our community’s youth through various BFF programs, grants, and scholarship opportunities.
Providing immediate resources for those who have been affected by a crisis or hardship situation beyond their control. We aim to help and support those individuals and act as a BFF (BEST FRIEND) to those in need.
Guided by the respect and empathy we hold for the people we serve, we pursue this mission with compassion, transparency and generosity.
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