(Gawkwire.com) – Network Solutions® and .CO Internet SAS have launched the "Create your Opportunity" contest where anyone with a great idea for a business, blog or website could win up to $50,000 in cash and web services. Business owners, entrepreneurs and individuals in the U.S. are invited to submit a 60-second video or photo about their big idea, along with a description of the idea and their three favorite proposed .CO domain names at www.pitch.co.

Applicants are encouraged to invite friends, fans and family members to vote for their idea. The 30 ideas with the most votes will be eligible to win the $50,000 grand prize — $25,000 cash and $25,000 in web services – and the ideal .CO domain name to build their site. There also will be five runners-up who will win a free .CO domain name and $500 cash. The contest is open from May 4, 2010 through June 14, 2010.

"Great things can come from a simple idea and this contest is a fun way to help someone turn their idea into an online reality," said Tim Kelly, CEO of Network Solutions. "The new .CO domain name extension opens up a new branding opportunity for new and existing businesses and this contest will give someone a great start to launching their idea."

An all-star panel of judges from different realms of technology, business and venture capital will review the finalists and select the one grand-prize winner and five runners up. Participants can enter multiple ideas. Winners will be announced June 20, 2010.

"We’re building .CO from the ground up with the needs of a new generation of entrepreneurs in mind," said Juan Diego Calle, CEO of .CO Internet. "And the Pitch.co contest is our way of inviting small business owners, bloggers, solopreneurs, online marketers and entrepreneurs of every kind to get to know .CO before we launch to the general public in June — and inspiring them to turn their big ideas into a reality."

The .CO domain extension is being offered by Network Solutions. .CO offers an immediately recognizable, global branding opportunity for new and existing websites. For more information about .CO domains visit: http://marketing.networksolutions.com/dms/DOM/dotCO/index.php. Currently, .CO domain names are only available to companies with a trademark of national effect. On June 21, 2010 the general public can begin to register domains during the Landrush phase. For contest rules and additional information visit: pitch.co/rules.

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