Five Hiram students have won the opportunity to turn their business idea into reality. The students are the winners of the Entrepreneurship Education Consortium’s “Entrepreneurship Immersion Week.”
Dan Fakhoury ’13, Adam Miller ’13, Sydney Vore ’11, Nicole Spencer ’11 and Kara Vantaggi ’12 traveled to Baldwin-Wallace College for the week, which took place Sunday, August 8 through Friday, August 13. They spent the week attending academic sessions and networking during the day and perfecting a business concept at night. All of this was in preparation for a team presentation of their business concept to a panel of judges at the end of the week.
The Hiram team developed a plan to create “Stir-Ups,” straws filled with chocolate syrup. They spent long hours doing their homework for the idea including: researching the proposed market for the product, discovering the costs and developing a five year focus plan.
As the winners, the team received a package of cash and gifts along with access to resources to make their idea a reality. The judges praised the team for their enjoyable idea, saying that the level of fun in the product showed during their presentation.
The group was one of eight teams from area universities to present their idea. The other teams included students from: Baldwin-Wallace, Kent State University, John Carroll University, Case Western Reserve University, the University of Akron, Ashland University and Lake Erie College.
Kay Molkentin, director of the Center for Integrated Entrepreneurship, traveled with the students and advised them throughout the week. She was thrilled about the win.
“The Hiram students did a fantastic job,” she said. “They didn’t really know each other that well before the competition and came together perfectly as a team. The whole thing is very exciting.”
Molkentin said that the students were grateful for everything they learned during the week and the opportunities that winning the competition gives them. She said that they are planning out the next steps for their business concept.
“The week was great,” she added. “Everyone from all the schools did a great job of coming together. After the week I am sure that there is quite a bit of talent in northeast Ohio.”
To read more about the competition, check out the Plain Dealer’s coverage.
To learn more about the Center for Integrated Entrepreneurship, please visit the Center’s website.