Applicants are selected to pitch in one of five categories and a panel of judges drawn from community leaders select one finalist in each category. The five finalists pitch again to the full audience, which votes on the winner. The winner receives $5,000 and the remaining five finalists each receive $2,000 to help bring their ideas to life. Technovation, a separate competition, will award $3,500 to the most innovative technology-based idea.