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Are you up for The $100 Startup Challenge?

Attention, bootstrapping champions: Can you launch a company for $100?

Books & Books, the Coral Gables Chamber of Commerce, Florida International University and The LAB Miami have teamed up to host The $100 Startup Competition. Inspired by the bestselling book by Chris Guillebeau, the contest challenges South Florida entrepreneurs to enter their ideas for businesses that can be launched with just $100.

To enter, applicants must complete a short questionnaire; be ready to produce your mission statement in 140 characters or less. Finalists will be invited to pitch their $100 startup ideas in a public event at Books & Books in Coral Gables on Small Business Saturday Nov. 24 at 4 p.m.. A panel of judges will fund the most promising ventures and additional prizes will be awarded.

Apply at http://100dollarstartup.co/  and let your creativity flow. Sounds like fun.

UPDATE on Nov. 24: And the winners are... 1st Place, $300 and Coral Gables Chamber Business Membership: Ilya Fonarov, Hospital Patient Advocate Referral Service
2nd Place, $150: Edwin Rosario, P.E. After Hours - Structured PhysEd After School
3rd Place, $100: Tom Ordonez, Miami Code School for Kids
Honorable Mention: Susan Krupnick-Gregorie, e-Portfolios for Performing Arts Students