Inventrek Technology Park is pleased to announce, ”Swim with the Sharks,” a new entrepreneur competition for the Greater Kokomo area including Howard, Cass, Miami, Tipton, Carroll, Clinton, and Grant Counties.

This competition will pair idea-generating entrepreneurs with business mentors, who will help advise and encourage these entrepreneurs along their way to start their businesses.

“Swim with the Sharks” is a program aimed to engage and support the development of our enterprising and innovative talent. Any strong idea which can help start a new small business in the region can be evaluated and encouraged through this mentoring process.

This competition offers rewards for winning ideas. The winning entrepreneur will receive a cash prize of $5,000 and services valued at over $5,000. These services, including a free one year lease at Inventrek, monthly mentoring by local business experts, and access to potential investment opportunities, will be a valuable help in starting a new business venture. The 2nd and 3rd place winners will receive $2,000 and $1,000 awards, respectively, along with six months access to an Inventrek shared space.

“Swim with the Sharks” applicants can complete applications through the Inventrek website which will be screened to be a part of a group of candidates. All approved candidates will be paired with a mentor and coached to create a presentation in front of a panel of judges. The judges will choose the final winner.

Applications may be submitted through Oct. 8, 2013, on the Inventrek website at greaterkokomo.com. Any and all ideas are welcome. Please know that if your idea is confidential, proper legal protection can be coordinated for you.

Inventrek is a business incubator located in Kokomo. For new technology-driven companies and entrepreneurs looking to accelerate their successful development and realize their potential in developing technology-based ventures, Inventrek provides both physical core services and customized professional/technical services for entrepreneurs aimed at reducing the major risks of early-stage companies.

For more information, please contact Jan Hendrix of Inventrek (jhendrix@greaterkokomo.com) or Andy Baker of AndyMark (andyb@andymark.com).