Microsoft is running competition called “IdeaWins” for the best small business idea. The best entry will get $100,000 in venture capital to start the business and free retail space in New York city! This competition is open till 31st January 2007 and only residents of United States can participate.

The ideawins site is also offering free download of Microsoft Office Accounting Express 2007.

I was wondering what type of business idea can I submit? Here is what the site says,

The Dry Shower? Caffeinated Salad? GPS Shoes? Entries can be submitted for almost any original idea for a consumer-based based business that sells goods and services at a storefront retail location and via the Internet. However, please note that ideas that fall in the following categories will not be eligible for this Contest: Not-for-Profit, sexual aids, pornography, tobacco, alcohol, firearms or other weapons, and any unlawful activity.

Further Reading
Idea Wins competition