It's not local, but the Cisco I-Prize is a pretty cool contest for entrepreneurs and innovators.
Cisco wants to plug its collaboration technologies so they are inviting folks to post ideas and form global teams to create technology business ideas. The lure at the end of the contest is being hired by Cisco as founders of a new business unit with a signing bonus of $250,000 and an investment of up to $10 million over three years.
Here's the press release announcing the competition with links to all the details. To enter the contest: Register on the Cisco I-Prize Website. Post your idea and comment on other ideas posted by fellow entrepreneurs. Use the Human Network to refine your concept and form an idea team of all-stars that can take your idea to the next level. Registration ends Jan 15 - so if this is your cuppa tea, don't delay.
A reminder to those of you who aren't so techie - don't forget the Intuit contest for small businesses with its $50,000 prize. Deadline is December 15, 2007 and even if you don't win you get free software.