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The 2020 Next Big Idea Competition

The Next Big Idea Competition, our version of the popular TV Show "Shark Tank" is now in its eighth year, but 2020 will mark the first year in which prize money will be available -- $7,500 for first place, and $2,500 for second place courtesy of CO-OP Financial Services!

Criteria for the Next Big Idea are initiatives to: 

  • improve earnings

  • enhance member service

  • deliver new products and services to members

  • improve delivery channels to members

 

The innovations can be at various stages of development: 

  • early stage and in need of investment

  • ready to be delivered

  • already in motion and are growing and changing the industry.

View the questions asked and/or submit your application by clicking below.  For questions, please e-mail Shawna@nacuso.org.

Important Information for Applicants:

A total of five finalists are chosen to present in the Next Big Idea Competition.  Four finalists will be chosen by a selection committee by March 13, to compete in the Next Big Idea Competition.  Due to the number of amazing applications we received, last year we added a "Wild Card" Round, allowing the attendees to choose the fifth competitor to join the four other finalists in the Next Big Idea Competition.  This year we will also select several "Wild Card" contestants who will be given the opportunity to present their best "elevator speech" in front of attendees, who will then vote live to see who moves on to compete in the Next Big Idea Competition.

  • Deadline to submit application is March 9.

  • All applicants will be notified by March 13 with the status of their applications.

  • All finalists (including Wild Card contestants) are required to register for the conference by March 20. 

  • The Wild Card Round takes place during the conference on April 21.  Wild Card contestants will get just a few minutes to make their best pitch and the audience will decide which competitor moves on to present in the next day's Next Big Idea Competition. 

  • The Next Big Idea Competition takes place April 22.  The five contestants (including the winner of the Wild Card Round) will get 7 minutes to present followed by 8 minutes of questions from our guest judges. The audience will then vote on a 1st and 2nd place winner.

  • For hotel room reservations we recommend booking prior to the March 27 room block deadline to secure a room at $245+ tax per night.

About The 2019 Next Big Idea Winner 

The 7th annual Next Big Idea winner was Zogo Finance. Bolun Li, Founder of Zogo began his presentation by asking the attendees to raise their hand if they had teenagers, now or in the past. And then he did an amazing job explaining to a room full of parents how his product can both educate and motivate teenagers. A daunting task to be sure. Zogo received 55% of the audience's votes to claim the victory. 
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