Team Apollo Solar from Central Catholic High School wins Inaugural BizGen Competition at UNH
Team Apollo Solar takes home $5,000 in seed money to build their business
DURHAM, N.H.--(BUSINESS WIRE)--Team Apollo Solar from Central Catholic High School made the winning pitch and earned $5,000 for their venture at the inaugural BizGen competition when budding entrepreneurs from six high schools competed against each other a la "Shark Tank". The University of New Hampshire’s Peter T. Paul College of Business and Economics played host to the 12 teams of emerging entrepreneurs from schools in southern New Hampshire and Massachusetts. Team Crazy 8 Beach Valet from Souhegan High School was the runner up and took home $3,000 to help turn their business into a reality.
“We hear the statistic all the time: small businesses provide 55% of all US jobs, and 66% of all net new jobs since the 1970's”
“We hear the statistic all the time: small businesses provide 55% of all US jobs, and 66% of all net new jobs since the 1970's,” said Ken Johnson, BizGen Founder. “We believe that promoting entrepreneurship at the high school level will help ensure the success of our economy and encourage the next generation of business leaders.”
High schools participating in BizGen’s first competition were: Pinkerton Academy, Derry; Triton Regional High School, Byfield, Mass.; Portsmouth High School, Portsmouth; Oyster River High School, Durham; Souhegan High School, Amherst; and Central Catholic High School, Lawrence, Mass.
Team Apollo Solar’s business idea is a solar powered phone case for mobile phones. The case design is thin, light and durable, while providing a continuous green energy power source. The runners up, Crazy 8 Beach Valet, proposed a beach valet service that moves all those beach chairs, umbrellas and blankets to and from the perfect beach spot for beach-going families. Coming in third was another Souhegan High School team, Campus Cab. Their idea is a mobile app that links college students to a cab service with the added bonus of allowing parents to fund the account.
“The University of New Hampshire Research Office and the Peter T. Paul College of Business and Economics are proud to be a founding partner and the host of the BizGen competition,” said Arnold Garron, interim dean of the Paul College. “We congratulate all the teams that competed in this inaugural event and recognize the efforts of the kids who put their ideas on paper. Our vision of preparing individuals to excel in their careers, engage in their communities, and meet the challenges of the global business world through innovative research-based education and outreach is in synch with the goals and spirit of BizGen.”
Leading up to the June 7th competition, the teams developed their ideas into business plans with the help of volunteer coaches and mentors from the area’s business community. For-profit and non-profit business plans were judged on key factors such as revenue, market share, change in conditions, or social impact.
The founding partners of BizGen include the Peter T. Paul College of Business & Economics at UNH; the Office of the Vice Provost, Research at UNH; Bank of America, and Kirk Communications.
BizGen was founded to encourage and support next generation business developers. BizGen provides a platform for business- and creative-minded high school students to compete on a winning idea with help from mentors and coaches, and evaluated by qualified judges. Winners receive both in-kind and financial help to launch their ventures. The mission of BizGen is to support the spirit of entrepreneurship among today’s youth. Learn more at www.Biz-Gen.org.
The University of New Hampshire, founded in 1866, is a world-class public research university with the feel of a New England liberal arts college. A land, sea, and space-grant university, UNH is the state's flagship public institution, enrolling 12,300 undergraduate and 2,200 graduate students.