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Digital photo contests exist in the business world, too. They 're usually run by image-based industries such as advertising and journalism. Submissions are usually open to companies outside the sponsoring organization.
If your company enters a digital photo contest, keep in mind that there is usually a fee to participate. Also, the winners usually don't care as much about the prizes as they do about the pride involved. After all, a win in any of these contests is great for business - they earn the right to say they're an award-winner (which can be a big attraction for perspective clients).