The investment firm Bang Ventures has issued an open call to people with great tech business ideas to get a chance to win their own start-up company through You Be The VC, an entrepreneur competition contest. Part “American Idol,” part “The Wisdom of Crowds” and part business incubator, the competition will include judging by experts and an online public vote to choose the creators of the next Google, YouTube or Digg in American technology.

Competition judges will include leaders from some of the sponsor companies such as Deloitte & Touche, one of the big four accounting firms, Vator.tv and Foley & Lardner, a prestigious law firm, who will narrow the field of online applicants. The top 20 finalists will film a video pitch jointly on broadcast television and online video, and the public will vote on three winning companies, who will spend three months building their start-ups in Cambridge, Mass, with a team of expert consultants, advisors programmers and financial backers.

The You Be The VC contest focuses on technologies for Web 2.0, including social networking, advanced search, Enterprise 2.0, advertising and mobile applications. The prize is a complete launch pad for creating a successful start-up: investment capital, office space, programming/web development, legal, accounting and business strategy consultation, and marketing and sales support.

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