Griggs Center Hosts 1st Annual Springboard Elevator Pitch CompetitionPosted October 11, 2011
This fall the Griggs Center for Entrepreneurship and Philanthropy introduced a new competition for all ACU students interested in entrepreneurship. Students were invited to give a two-minute “elevator pitch” about their business concept to potential investors. More than 60 students competed for over $3,000 in cash prizes.
After weeks of planning and preparation, Courtney Martin, sophomore youth and family ministry major from New Braunfels, and Karsten Goodman, sophomore accounting and finance major from Abilene, came up with the winning pitch and received a $1500 prize.
“The competition was really fun,” Martin said. “We put a lot of hard work in it for only a two-minute presentation.”
Martin and Goodman’s winning idea was Campuzon, an online ecommerce site designed to make it easier for college students on the same campus to sell textbooks to each other.
“It was a really great experience. Any time you get in front of a group of people and present an idea it’s really good practice for the future, especially for the business world,” Martin said.
The new competition is part of the Griggs Center’s Springboard program. The purpose of the program is to give students hands-on experience in moving from having an idea to actually launching a new venture.
In addition to the Elevator Pitch competition, the program includes the Springboard Ideas Challenge, an annual mini-business plan competition held in the spring semester and the Springboard Accelerator. The accelerator provides on-campus office space, expert guidance and other resources to students seeking to launch their own venture while in school.
“The Griggs Center is dedicated to encouraging and supporting the entrepreneurial talent among our students,” said Dr. Jim Litton, Director of the Griggs Center. “Our Springboard program gives students the opportunity and resources to take an idea and develop it while still in school.”
The Griggs Center partnered with other departments across campus to host the competition. Students competed in the first round in the state-of-the-art production facility of the ACU Learning Studio. The ACU Speaking Center also provided its expert feedback and guidance to students.
“I’m hoping Campuzon greatly impacts our future. Karston and I are working on getting some office space to hopefully get it launched by next fall,” Martin said.
About the Griggs Center
ACU’s Griggs Center for Entrepreneurship and Philanthropy offers a unique learning experience through its commitment to encourage students to include philanthropic goals in their entrepreneurial pursuits. Through classroom instruction, mentoring opportunities and hands-on experience, the Griggs Center equips students to imagine and launch new ventures. The Griggs Center encourages integrating faith with the entrepreneurial journey in a way that positions the successful to give back along the way. The Griggs Center is a program of ACU’s College of Business Administration.