The second annual contest invited current Seminole State students to create and develop full business plans for potential startup companies. Winners were announced at a ceremony on April 12.
Winners are as follows:
“The contest helps to build a student’s entrepreneurship spirit,” says David Moradian, professor and program manager of entrepreneurship programs at the College. “It encourages each participating student to take responsibility for the startup and also to experience the sacrifices and rewards associated with the endeavor.”
To complete their entries, students were asked to create a comprehensive business plan that included components such as a company description, a summary of the product or service, a marketing plan, analysis of the industry and potential competitors, a financial plan, operational and developmental schemes, analysis of risk factors, a possible exit strategy and supporting documents.
During creation of the proposals, entrants were able to seek coaching and support from faculty mentors. Submissions were judged by a panel of business CEOs, experienced entrepreneurs and investors.
Associated with the startup contest was the Entrepreneurship Fair held April 12 on Seminole State’s Sanford/Lake Mary Campus. At the Entrepreneurship Fair, Seminole State students and alumni showcased their businesses and shared their startup stories with students and visitors. The fair drew participants representing a wide array of business ventures.
Seminole State’s Center for Business, Legal and Entrepreneurship, one of the largest business programs in Central Florida, offers more than 20 degrees, certificates and programs to help students prepare for the next step. For more information, please visit the center's website.
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