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How do I win $5,000?
If your idea gets enough votes to put you in the top five vote getters for the month, you may present at 5×5 Night one week later. Once you present, the judges at the event will decide which creator will get the money.
The $5,000 award is solely decided by the judges.
Does an idea that wins the vote win money?
No, the ideas that win the vote are the ones that present at the next 5×5 Night. That is all. The $5,000 grant is decided solely by the judges once all of the presentations are heard.
Can the $5,000 be a donation to a non-profit organization?
Not really. Judges want each presenter to use the $5,000 to move his or her idea forward, even if it’s a small move. If it appears the grant will be donated to the general fund of a non-profit, that presenter will not be chosen as a winner.
What are the judges looking for?
Judges are looking for somebody with a really smart idea and a strategic next step that idea can take with a little money. Usually, they’ll gravitate toward ideas that have capacity to grow. For instance, an idea that could grow to employ 100 people in 10 years usually beats an idea that can only employ me for 10 years.
What's the deadline?
The deadline to both submit ideas and vote on ideas is Tuesday before the next event at noon.
What if I miss the deadline?
Any idea submitted after the Tuesday noon deadline is automatically in the running for the next event.
If I submitted my idea once, do I have to submit it again?
If your idea was not chosen the month that you submitted it, you must resubmit the idea for any future month.
How do I apply/submit an idea?
The only way to submit an idea for 5×5 Night is through the application form on 5×5night.com.
Once you submit the application on 5×5night.com, your idea proposal can be seen publicly and voted on by any logged in user. Ideas can be submitted at any time.
Does an idea that wins the vote win $5,000?
The five ideas with the most votes by the deadline are the ones that may present at the next 5×5 Night. The allocation of the $5,000 grant is solely decided by the judges once all of the presentations are heard.
Can I vote on more than one idea?
Yes, you may vote on up to five ideas. You may change your vote at any time before the deadline.
Can I vote more than once for the same idea?
No, you may not vote more than once for the same idea. If one idea appears to have have an unusual number of votes due to an attempt to game the system, it will be disqualified.
Why the vote?
It was decided that 5×5 Night is a platform to share ideas. Therefore, it seemed a noble experiment to allow the very decision of which ideas to present to come from the act of sharing them online, with as many people as possible, to win their votes.
Can an idea be disqualified?
If one idea appears to have have an unusual number of votes due to an attempt to game the system, it will be disqualified.
The hosts of 5×5 Night reserve the right to disqualify any proposal for any reason at any time.
On What Makes a Good Idea Submission
How should I describe myself?
Keep it simple. Where do you come from and what do you do? Is there relevant experience you bring to your project? Do you have past successes which support your chance to be successful with this idea?
How should I describe my idea?
It should be simple and concise, but well thought out. How is it different than what exists on the market? (If you propose a heated travel blanket, be sure to google “heated travel blanket.”) What are possible road blocks? (If you propose an event, contact the city to find out if it’s permitted.)
How should I describe my idea's impact?
First, emplain the problem that you are solving ("I was cold while traveling"). Then explain your solution to the problem (heated travel blanket). Finally, describe the size of the problem and the number of people you think would pay for your solution.
How should I describe what I'll do with $5,000?
A good presenter has a smart way to use $5,000 to get traction. A proposal to add the $5,000 to a general operations budget will be dismissed.
Hiring a designer to develop a prototype of a website
Raising money for a $100,000 e-commerce project
Down payment for a lease on a new retail space
Purchasing a new building
Bringing in a specialist to develop a new summer camp program
Donation to a non-profit summer camp