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USD Beacom School of Business' Invent-2-Innovate Business Model Competition Transitions to Virtual Format, Deadline Extended

Invent-2-Innovate Business Competition Logo The Beacom School of Business will continue to host the 2020 i2i competition in virtual format.

VERMILLION, S.D. – The University of South Dakota Beacom School of Business will continue to host the 2020 Invent-2-Innovate Business Model Competition (i2i) in a virtual format. The competition is open to high school and college students and will award $7,000 in total prize money to aspiring entrepreneurs. The deadline to enter the competition has been extended to Friday, March 27, 2020.

The i2i competition started in 2015 to drive entrepreneurship among students throughout the region. The competition is modeled after the International Business Model Competition which leverages lean startup principles and focuses on the entrepreneurial process.

The i2i competition will reward student entrepreneurs for:

  1. Identifying and tracking key business model hypotheses
  2. Testing and validating those hypotheses with customers
  3. Pivoting and iterating their business model based on customer interactions and feedback

To enter the competition, students will need to register by March 27, 2020 at and submit a detailed written document or video that explains their business idea, business model hypotheses and any action taken to validate them.

Finalists will be notified by Friday, April 3 if they have been selected for the final round of the competition and will be given instructions for how to complete their pitch in the new virtual format of the competition. In lieu of an in-person event, final video pitch presentations will be due on Friday, April 17. Submissions will be judged and winning teams will be announced by Friday, April 24.

“We are disappointed that we can’t continue with an in-person event this year, but with everyone’s health and safety in mind, we are happy that we can continue to host the i2i competition in a virtual format,” said Venky Venkatachalam, Ph.D., dean of the Beacom School of Business. “This event is a great opportunity to connect students with entrepreneurial leaders in our region and we still intend to allow that mentoring opportunity to happen.”

Find a complete breakdown of the rules as well as resources to help you prepare at Any additional inquiries can be made to


USD's Beacom School of Business was established in 1927 and has been accredited by the Association to Advance Collegiate Schools of Business (AACSB) since 1949. The leading business school in the region, Beacom’s programs are consistently ranked among the top business schools in the nation by Princeton Review, U.S. News & World Report and others for its high-quality learning experience, student success, affordability, and high-caliber of faculty and students. Whether a student chooses face-to-face or online courses, Beacom’s programs emphasize real-world experience through professional organizations, quality internships and capstone projects.


Founded in 1862 and the first university in the Dakotas, the University of South Dakota is the only public liberal arts university in the state, with 202 undergraduate and 84 graduate programs in the College of Arts & Sciences, School of Education, Knudson School of Law, Sanford School of Medicine, School of Health Sciences, Beacom School of Business and College of Fine Arts. With an enrollment of nearly 10,000 students and more than 400 faculty, USD has a 16:1 student/faculty ratio, and it ranks among the best in academics and affordability. USD’s 18 athletic programs compete at the NCAA Division I level.


Hanna DeLange
USD News