Business Plan 2013 Competition
On Wednesday, March 13, 2013, the CFAC Recital Hall was teeming with entrepreneurial spirit for the sixth annual Business Plan competition. The panel of three judges had to sort through five business plan submissions for the best and hopefully most viable new business idea.
Judges Mike Harris, Executive Director for Calvin’s Enterprise Center, Brett Logan, co-founder and owner of Immaculate In Flight, and Molly Clauhs, founder of Grand Rapids Cooking School and many other small businesses, first reviewed the detailed business plans provided by the students for their idea. Then each individual or team pitched their idea before the judges.
First prize and $1,000 went to Marissa DeBoer for “Drawn Back to Life” – a non-profit organization to provide art therapy for children in West Michigan. Marissa will represent Calvin College at the regional BizPLAN competition on April 10 at Grand Valley State University.
Nick Balsamos and Miles Kuperus took second prize of $600 for “The Loan Connection.” This is a proposal for a business that will facilitate the provision of lower cost student loans for graduates and better-than-market returns for investors.
The $300 third prize and $100 Peoples’ Choice award went to the team of Jabez Guanga, Brierly Kuhudzayi, Trevor Bushhouse, Kyu Hyung Park, and Louis Hill. Their proposal was for a business called “Market Mavens” that provides social-networking-based marketing programs for manufacturers of consumer products.
Associate Professor of Business and Accounting Bob Medema, coordinator of BizPLAN and master of ceremonies for the competition, said all five business plans entered were well prepared and presented.
The final two submissions were “Book Bounce, LLC” by Allen Jensen, and “The Renewal Corporation” from Jamaal Fridge.
The annual event is sponsored by the Calvin Entrepreneurship Club, the Calvin Center for Innovation in Business, and SoundOff Signal, Inc.