Springboard Elevator Pitch encourages innovationPosted November 16, 2012
The second annual Springboard Elevator Pitch competition hosted by the ACU Griggs Center gained an audience three times larger than last year's. The final round of judging took place Nov. 15 in ACU's Hart Auditorium.
ACU students were given two minutes to convince experienced investors and entrepreneurs that their idea for a new business was the best. Student winners walked away with cash prizes and feedback from expert judges, along with a boost of enthusiasm along the way to the launch of their new venture.
Dr. Jim Litton, director of the Griggs Center for Entrepreneurship & Philanthropy and assistant professor in the College of Business Administration says, “We are excited about the creativity and entrepreneurial spirit the students showed throughout the competition. It was also a great opportunity to promote entrepreneurship to the entire ACU community.”
Students were judged on their business concept, value proposition, market, presentation skills and interest level in making an investment. A total of almost $3,000 was given away in prizes with a grand prize of $1,500.
Finalists that competed on Nov. 15 include:
• Your Garage - Feno Randria
• Wave Energy - Connor Jackson
• High Flyer - Matt Sanderson and Garrett Wentz
• Care for After - Joseph Austin
• Flaunt Boutique - Laura Davis
• Emineo Art Gallery - Thomas Griffin
• Stress-Free Wrench (T-Wrench) - Garrett Wentz
• H20 Solutions- Patrick Louden
• Addo - Tyler Eidson and Asia Todd
• Dust Haus Club - Megan Steward
• FriendsNStuff - Weston Shulte
• Keeping Prospective - Ian Robertson
The winner for the second annual Springboard competition was Emineo Art Gallery, a pitch presented by Thomas Griffin, senior business marketing major from Marble Falls, TX.
“Many art students never pursue their dreams of creating and selling art full-time," says Griffin about his pitch. "The start-up costs are high, cash flow is highly unpredictable, and many students lack the business acumen to successfully network and manage a gallery. Emineo provides a platform for college artists to stand out and let their style and voice be heard. It is our mission to serve as a launch-pad for artists' ideas and careers through partnerships with universities.”