The winners of the annual New Business Venture Competition at Northern Michigan University
The competition, sponsored by the NMU College of Business, encouraged student entrepreneurs to enter their business ideas, in the form of business plans, elevator pitches and trade fair displays, for judging through a process that started in October. The top three places received prizes including cash for startup, financial and legal consulting and technology support.
First place in the business plan competition, worth $7,750, went to a team of international students, Wenfei Kou and Yufeng Zhuo of China, and Wilson Goh of Malaysia, for their business Hobby Car Malaysia, which connects people interested in vintage and classic cars in Malaysia. They also took first in the trade fair display awards.
Justina Liss of Bark River took second place in business plans, earning a $4,000 prize, and also won the best elevator pitch. Her business is Superior Shores Bike park, which serves mountain bikers through all seasons.
Third place, $2,200, went to Micah Argeropoulos of Marquette for his business, Cardboard World, and fourth place was Brett Etengoff of Clarkston, for his business Specular Restraint. The top four teams are receiving consultation on their business from NMU faculty.
Writer: Kim Eggleston
Source: Northern Michigan University