Sink or Swim Business Contest

[Max Marty]

Press Release [Pre-PR-Wire Release]

The Seasteading Institute Launches "Sink Or Swim", the First
Seasteading Business Plan Competition

Contest Invites Entrepreneurs to Explore Business Opportunities in the
Ocean


July 5th, 2010 - The Seasteading Institute, together with HumanIPO and
Premium Advice are proud to announce Sink or Swim, the first
seasteading business plan competition. Draft submissions will be
accepted until Oct 8th, 2010. With prizes of $5,000, this contest aims
to inspire innovative entrepreneurs from around the world to create
business plans that would succeed aboard a politically autonomous
ocean platform. These "seasteads" will be homesteads on the high seas
-- in other words, permanent dwellings on the ocean. A seastead is a
structure specifically designed for the purpose of long-term living in
a marine environment.

New business ventures have a lot to gain from locating in a legal and
regulatory environment customized to their needs and catering to their
bottom line. We've seen examples of this in the meteoric growth of
Hong Kong and Singapore, and seasteading promises to open the
frontiers of commerce even further. Sink or Swim challenges
contestants to overcome what obstacles may arise and calls upon these
contestants to think outside the traditional bounds of a business plan
in considering the legal, political, and economic benefits of doing
business on the ocean.

“For seasteading to succeed and grow sustainably, it must produce
value and attract a community of entrepreneurs and investors" stated
Patri Friedman, TSI's Executive Director. "This contest will
demonstrate the wide variety of businesses which can be beneficially
located on a seastead.”

The first place winner will be awarded $2,500, and a further $2,500
will be awarded among winners in the other prize categories. Winners
will also receive exposure to potential investors and invitations to
join The Commercial Seasteading Network.

For more information, including rules and how to enter, click here, or
contact us at sinko...@seasteading.org for any questions.

About TSI: The Seasteading Institute, based in Sunnyvale, CA, is a
nonprofit corporation that is in the process of applying for
recognition of tax exemption under Section 501(c)3 of the Internal
Revenue Code. TSI's mission is to establish permanent, autonomous
ocean communities to enable experimentation and innovation with
diverse social, political, and legal systems.
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