IdeaFest is a Business Pitch Competition where 20 finalists will pitch their startup idea to a panel of judges and a live audience. The top three competitors will be awarded $5,000 for first place, $3,000 for second place and $1,500 for third place. Audience members will also have the chance to vote on a favorite competitor to win the $500 Audience Choice Award. Ideafest is free and open to the public.