The Virtual Venture Competition, run by McKinsey & Company, that we wrote about last month, is starting to see some action. The islands are finished, free jetskis are being handed out, and learning centers are now available for starting your virtual world business.
While the end prize seems a little lame ($20,00 in training), the main attraction is the funding qualified candidates receive. If you can impress the judges with your idea, they'll fund your business for you. Since they want to keep the competition fair, they are actually requiring that nobody inject personal capitol at all.
If you have a hot idea but never had the cash to fund it, this might be your big opportunity.