The site is IdeaBounce.com and will support the growth of innovation, collaboration and entrepreneurial activity.

IdeaBounce.com participants will also have a chance to air their ideas before a panel of judges during a quarterly event at the Olin School of Business. The first IdeaBounce event was held April 28 in May Auditorium.

IdeaBounce.com offers people from across the region a place to collaborate in the development of new ideas, said Chris R. Dornfeld, the University's entrepreneurship collaboration director. The Web site is attracting people who are looking for mentors, advisers, investors and other partners for their venture.

"We believe there are many great ideas in our community that, if supported by the right group of experienced people, will produce great community and economic benefit," Dornfeld said. "We hope IdeaBounce can help make those connections happen."

The Web site is complemented by the quarterly event, where 10-15 people will be given two minutes to present their ideas. Five judges will select five winners (at least two students), who will each receive $100 and an invitation to a VIP dinner after the event.

The events and Web site are free and open to the public. Registration in advance is required and can be done online at ideabounce.com.