Gigabit ChallengeThink you have the next great Google Fiber-inspired business idea? Test your entrepreneurial muscle during The Gigabit Challenge, hosted by Think Big Partners.

According to an event summary, the Gigabit Challenge “is a global business plan competition to find disruptive ideas that will turn the tech industry upside-down and change the world. The Gigabit Challenge is focused on unique applications that are enabled by Google’s first in the nation 1 Gigabit Fiber network.”

The winner will receive $100,000 with which to fund the submitted idea. Yet the challenge also serves a larger purpose, too—to get people in the community thinking not only about the Google Fiber network, but how this lightning-fast technology will be used to better our schools, businesses and quality of life.

“The Gigabit Challenge exists because we want new innovation to exist as well,” as written in a challenge blog post. “The goal of the Gigabit Challenge is not only to provide entrepreneurs with prizes geared toward launch and success, but to foster more innovation around the Kansas City area.”

For those interested in entering the challenge, executive summaries are due by midnight on November 18, and can be submitted online. Semi-finalists will be selected by November 28, and will be asked to submit business plans. Finalists will be announced on December 16, and a winner will be determined after a final pitch program to be held on January 18, 2012.

The Gigabit Challenge comes at a prime time as Kansas City emerges as a technological and entrepreneurial hub, thanks in large part to the Google Fiber announcement but also as a result of a passionate, dynamic entrepreneurial community that’s eager for change and growth.

Google Fiber’s highly anticipated infrastructure is expected to be installed in Kansas City in 2012. As today’s landscape becomes increasingly digital, broadband technology is becoming an increasingly critical tool when it comes to municipal planning, economic development and growth, one of the many reasons that Google Fiber has fueled such widespread conversation and planning.

If you’re entering the Gigabit Challenge, we wish you the best of luck!