RESOURCE Summer 2009

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Northwest Minnesota Foundation ~ Developing Community Assets ~ Serving 12 Counties SUMMER 2009

Number 50

IDEA Competition Back for Another Year New Applications Accepted Now through November 30

Successful businesses start with a flash of inspiration, hard work, and the right connections. If you have a breakthrough idea and want to turn it into a profitable business, the IDEA Competition can help. Whether you’ve never started a company or you’re already in business, the competition can add momentum to your business strategy. IDEA (which stands for Ingenuity Drives Entrepreneur Acceleration) is a project of Ingenuity Frontier, a collaboration of partners joined by a common purpose – to grow the economy of Northwest Minnesota by outfitting the next generation of homegrown innovators for success in the global marketplace. Although IDEA can be described as a competition, it is a lot more. IDEA is about assisting the most promising local entrepreneurs in the commercialization of innovative products, processes and deliveries by connecting them to the best resources available, along with access to the capital it takes to launch a successful venture. Last year, 61 participants were narrowed to just four winners. Each was awarded $10,000 cash along with another $10,000 in technical assistance to help develop their business ideas.

Dan, left and Adam Zejdlik, right, a father and son duo from East Grand Forks, display their winning snowboard prototype. Photograph by John Borga

The winners are very pleased with the impact of the recognition, beyond the cash awards. Eric Thorsgard of the Forte Keyboard Company in Bemidji said, “The exposure my business has received from the IDEA Competition has been incredible.” Thorsgard invented two new keyboard instruments that feature key configurations that are easier to learn than those on a piano. “This competition is a great way to increase awareness of your products, add credibility to your business and facilitate cooperation

from other business professionals to help build your business bigger and better,” Thorsgard stated. East Grand Forks resident Don Zejdlik, designer of a snowboard component for improved performance said, “The IDEA group genuinely wants you to succeed, and they’re willing to help you any way they can.” He added, “The valuable marketing advice, effective business strategies, and prize money we received breathed new life into our business.” Todd Ham of Bagley developed the Ice Auger Shroud System, (Continued on page 2)


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