Where Big Ideas Win Big Bucks

Business plan competitions are raising their profiles with bigger cash prizes, and some even throw in office space and site hosting

When Clifford King attended the Global Security Challenge reception at London Business School on Nov. 8, he was one of five finalists in the business technology contest. King says realizing his team was the one left standing after the suspense-filled critique stage "was like [being on] a reality TV show." His team had just won what's billed as the world's richest business plan competition prize (BusinessWeek.com, 5/30/07)—a $500,000 grant to help expand NoblePeak Vision, a night-vision camera company he co-founded.

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