The University of Alaska Fairbanks School of Management is seeking applicants from Southeast Alaska for its Arctic Innovation Competition. This competition gives people a chance to submit ideas they feel would be useful in business, management or decision-making.
In a news release by the Juneau Economic Development Council, which is a sponsor of the event, competition founder and UAF professor Ping Lan said, "The Arctic Innovation Competition aims to stimulate people's creativity and develop new business. Many people have an idea when frustrated by a problem and think there must be a better way. This competition is the perfect opportunity to turn ideas into reality."
Lan explained to the Empire, "It's very simple. You develop an idea to solve a problem."
Lan said this is for ideas only so a finished product or business plan isn't required.
"We want to use this competition because the idea is very precious," he said. "After the competition we will help people put their ideas into business."
He said UAF will work with the winners to help develop their ideas into fruition.
The release gives the example of last year's idea for extending lead-acid battery life tenfold.
UAF will also distribute more than $19,000 in cash prizes through the contest, according to the release.
The contest is open to everyone, not just students. Lan said last year the applicants ranged from ages 12 to 76.
Competition entry is free and done online at www.arcticinno.com. Deadline is September 30.
Contact Jonathan Grass at 523-2276 or at email@example.com.