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Opportunity Quest

Watch the FINAL EVENT LIVE (11/12/2020) via YouTube at 7pm-Click Here

Submissions due Friday, October 30th!

Submit Application Download Packet

Important Dates

  • Applications Open for Submission — Monday, October 12, 2020
  • Application/Video Submission Deadline — Friday, October 30, 2020 at 5:00 p.m.
  • Top 15 Announced — Friday, November 6, 2020
  • Shark Tank Round (Top 15) — Tuesday, November 10, 2020, Grit Center - Business Building (closed event)
  • Audience Choice — Wednesday, November 11, 2020 - 12:30 - 1:30 pm - Greenwood Student Center
  • Final Round (Top 5) — Thursday, November 12, 2020 - 7:00 pm, Huntsman Library Auditorium - Open to the public
  • Awards Banquet – Friday, November 13, 2020, in Founders Hall, Noyes Building (INVITATION ONLY; business attire)

Tax Implication Noticehttps://www.snow.edu/academics/bat/business/Voting.html

Payment for winning a competition or being a top performer is not a scholarship or fellowship; instead, it is a prize or award, and is given without stipulation as to how it must be used. Prizes of this nature may be taxable to the recipient, but are not considered wages even if the student is employed by Snow College. If certain dollar thresholds are satisfied, the College will report the prize or award to the IRS and the student on IRS Form 1099-Misc, Miscellaneous Income or on IRS Form 1042-S, Foreign Person’s US Source Income Subject to Withholding.

FINANCIAL AID IMPLICATION NOTICE
Payments made by Snow College to students must be considered for financial aid implications, as they comprise financial assistance given by the College to the student (NASFAA Monograph 24, Appendix D). Please visit Badger Web to see your financial aid balance. You may also contact the Financial Aid Office by email (financialaid@snow.edu) or by calling (435) 283-7129 to speak with a Financial Aid Counselor to understand the implications that accepting this award may have on your financial aid.

TAX IMPLICATIONS FOR INTERNATIONAL STUDENTS
International Students are advised to meet with a tax specialist to determine their tax status for income and or scholarship awards. The base requirements to be eligible for any tax treaties are: F-1 visa holders (international students attending an academic program or English Language Program at a US college) and have a social security number, or taxpayer identification number. If a tax treaty is in place, the student will complete U.S. Form 8233, Exemption from Withholding on Compensation for Independent Personal Services of a Nonresident Alien Individual. The tax implications are different for J-1 visa holders (exchange visitor program); otherwise, you may need to complete the IRS Form 1042-S: http://www.irs.gov/uac/About- Form-1042S. Once again, please meet with a tax specialist and they will help you determine which form applies to your visa status.

No Confidentiality Agreement

As a competitor, you are responsible to protect any information concerning your business that you share with advisors, team members, and fellow participants of the competition. Snow College takes no responsibility for unwanted disclosure in these instances. Contestants should be careful about disclosing information concerning proprietary concepts. Competitors concerned about the protection of intellectual property may contact the University of Utah Lassonde Entrepreneur Institute Company Launch program (lassonde.utah.edu/launch) or the Hours with Experts program (lassonde.utah.edu/experthours) to connect with available resources.

OQ Judging Voting