2016 B-ME Business Plan Competition
Today, four amazing teams competed for top honors in Business Management and Entrepreneurship’s capstone course’s final business plan competition.
The competition was intense with each team pitching their business plan to a panel of industry judges and program faculty over the span of 2 hours. The prizes up for grabs included cash, cloud business software subscriptions and mentorship opportunities, and work space for concept development.
The teams that competed were: auto service company Stance AutoWerk; WhatIGive4, p2p online crowdfunding donation platform; Phia Lynn, singer and recording artist; and SuperSnappy Dog Clothing, custom and hand-made dog clothing.
Each team pitched their concept and fielded questions from the judges panel. Though each concept was unique, the rigor and discipline required of a formal business was evident in the quality of the business ideas being pitched. Operational details, implementation schedules and financial analysis were some of the areas that the teams presented in their pitches — not an easy task given the limited time frames involved! In the end, Stance AutoWerk came out on top, followed by WhatIGive4, Phia Lynn, and SuperSnappy Dog Clothing.
The industry judges included, Steve Cody, CEO of Better Software Company, Sam Arseneau, CEO of SupportMyMac, Chris McCuaig from Freedom 55 Financial, Ron Mathurin from G & K Services, and Code Factory’s Kelsey Black. Kelsey is also a former graduate of the B-ME program. Program faculty who were part of the judge’s panel were Cheryl Dowell, Program Coordinator and Professors Laurie Logan and Phil Jones. Professors Chris Castillo and Matthew Healy taught the course and teams represented each of the four sections. Professor Patrick Charlton assisted with competition organization and prizes.
The event will be recapped and award winners honored in the Fall at the School of Business gala. All in all, an awesome event that complemented and supported learner outcomes for the course.