Entrepreneurship & Corporate Innovation

Baylor Business Entrepreneurship & Corporate Innovation

New Venture Business Plan Competition Winners Announced

June 2, 2012

Eleven finalists were awarded a total of $25,000 in the inaugural New Venture Business Plan Competition held at Baylor on April 14, 2012.

"The inaugural Baylor Entrepreneurship New Venture Competition was a remarkable success," said Kevin Castello, Director of the Baylor Angel Network. "President Starr came and announced our finalists and Dean Maness and Dr. Artz were the presenters for the award ceremony. It is truly wonderful to see entrepreneurship supported at a significant level by Baylor University, the Hankamer School of Business and by our alumni."

The competition is a single-day, dual-round, business plan competition promoting entrepreneurship and small business development. The competition, underwritten by an anonymous gift to Baylor University and the Hankamer School of Business, provides students with expert feedback and the opportunity to win prizes to help fund their ventures.

Congratulations to the 2012 New Venture Business Plan Competition award winners and finalists:

First place and $15,000: Shelby Burford and Cole Chapman, ACTS Peanut Butter

Second place and $5,000: James Gorman and Brian Lovin, LaunchBox

Third place and $2,500: Jake Russell and Luke Russell, Bear Threads

Honorable mention is extended to the following finalists:

  • Angela Kumah and Thomas Totoe, AFRICloth
  • Sophie Chor, Dalton Goldman and Humza Saleem, CGS Energy
  • Benjamin Roberts and Sara Roberts, Giving Husband
  • Casey Barillas and Charles Morton, Hypnalogic Media
  • Chris Aitken, Tucker Blackledge and Drew Cody, Nova Patria
  • Hannah Franzen and Lauren Seibert, Restaurant Zindagi
  • McAllister Green and Austin Staats, Room Storage Services
  • Garrett Danielson and Alfredo Muskus, WAZO

"Being involved in the first ever New Venture Competition was a thrill," said Shelby Burford, BBA 2010. "Cole and I spent many late nights on Skype-me in Seattle and Cole in Waco-researching, estimating, and writing our business plan, and the lessons learned in the process itself will have lasting benefits. We certainly had some impressive competition, and are humbled and honored to have been selected as the winning venture."

The business plan presentations given last month represent the culmination of approximately 7 months of team preparation for this competition. Initial informational meetings started last October and were followed by multiple training sessions. Executive summaries were due in January with the announcement of the top 50 a month later.

This inaugural competition was limited to Baylor students but will be open to students across the globe next year. Castello added, "As with any entrepreneurial venture, the growth and expansion are coming so watch for future announcements for next year."

For more information about the competition, contact Kevin Castello or visit the competition's web site.

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