The Center for Entrepreneurship held a Business Idea Competition in the Fall semester, 2023.
Ideas Pitched
- HydroLens: Anti-fog lenses for goggles
- Parking APP
- Wooster student ride-share APP
- Multichannel Network for Chinese videos
- DataGold: Data Analytics for small businesses
- Manufacturer Selection Platform for small businesses
Eligibility and Criteria
Ideas had to be for a profit generating business concept.
For the presentation, students had to:
- State the problem being solved
- State who experienced this problem and prove it with research
- Point out how their idea is different from the way people currently solve the problem
- State the value proposition
- Outline the steps necessary to build the product/service
- Explain where customers will purchase it
- Outline the expenses to start
- Show a visual or prototype
- Explain how they would spend prize money if they win
Winners
- Tied for 1st Place: Ritwik Jha and Elizabeth Jha with their Manufacturing Selection Platform
- Tied for 1st Place: Joseph Jordan with the parking APP
- 2nd Place: Jerry Cai and Alan Musabeyezu with DataGold
Sponsor
The competition was made possible by a grant from the Burton D. Morgan Foundation.
