BBVA Compass taps social media for small biz ideas contest

BBVA Compass taps social media for small biz ideas contest

BBVA Compass has launched a contest inviting small businesses to use Twitter and Instagram to pitch for cash rewards.

The bank is calling on firms to share their business ideas on the social media sites using the #GIFSBcontest hashtag or through a dedicated Great Ideas for Small Business contest website.

The competition will run throughout May, with two weeks for entrepreneurs to submit their ideas before the public gets its say through social media voting.

These votes will then be combined with scores from a BBVA Compass panel of judges before a winner is declared and awarded $15,000. A runner up will get $5000.

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