Attention entrepreneurs: TiEQuest 2010 now accepting applications

TiEQuest 2009 winner and MaRS client Aeryon Labs.

TiE Toronto is on a quest for great business ideas—and it’s got over $150,000 to award to the entrepreneurs who have those ideas.

TiEQuest 2010, TiE Toronto’s annual business venture competition, is now open and accepting applications.

TiEQuest is a unique contest—it connects entrepreneurs and business enthusiasts with the private equity and venture capital industry. Aspiring (and established) entrepreneurs who participate in TiEQuest benefit from networking opportunities, recognition from investment, legal and accounting firms and the opportunity to practice pitching their venture to investors. Most importantly, contestants have the opportunity to turn their innovative ideas into real businesses with help from industry experts, successful entrepreneurs and professional advisors.

Since the first TiEQuest competition in 2005, over 25 TiEQuest contestants, including MaRS clients Aeryon Labs Inc., Cognovision Solutions Inc. and Skymeter Corp., have been able to transform their business ideas into successful enterprises. Will you be next?

To apply for TieQuest 2010, visit www.tiequest.org. Entry forms, including a $100 application fee, must be submitted by January 31, 2010. A project profile outlining the business venture is due on February 5, 2010. Between the beginning of February and April 2010, contestants will compete to progress through stages of elevator pitches, written business plans and presentations.

TieQuest 2010 contestants must meet the following qualifications to be eligible for entry:

• The competition is open to all types of entities established by between 1 and 5 entrepreneurs.
• Entrepreneurs can only be members of one entity entering the competition.
• Submission must be the entrepreneur’s original idea.
• Business idea may be new or already implemented.
• Total third-party funding raised for the business must not exceed $2,000,000.
• Contestants must have developed the business venture themselves and be serious about seeing the venture through to reality.

For more information, visit www.tiequest.org.

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Tags: aeryon, awards & competitions, cognovision, entrepreneurship, skymeter