The purpose of this competition is to ignite the entrepreneurial spirit in South Dakota students, assist with start-up funds and provide a format where student competitors can meet and explore their ideas with judges, investors, representatives from various assistance organizations, economic development professionals and successful business owners. Ultimately, Giant Vision exists to create new jobs and grow the South Dakota economy.
Since its inception in 2007, there have been 360 applicants to the student competition, with a number of success stories that include FOMENO (USD students), Provender Technologies (SD School of Mines student) and The Calving Book App (Faulkton High School student). A total of $194,500 in prize money has been awarded throughout the first fifteen years of this competition.
Giant Vision prize money is raised from private business sponsors with matching funds from Governor Kristi Noem’s Office of Economic Development. The first place Student Competition prize is $5,000, with prizes paid through fifth place. Click here for sponsors and prize levels awarded.
This competition is open to full-time South Dakota university, college, technical or other school students. If you are applying for an existing business that is located in South Dakota, you may have been in operation for no more than three years, as of the application deadline date. Also, if an existing business, annual sales revenues may not exceed $500,000.
Startup businesses that are NOT located in South Dakota and students who do NOT attend a South Dakota school do NOT qualify for this competition.
Giant Vision has a separate open business competition that requires applicants to be a resident of South Dakota. Students have the option of applying in either competition but not both.