Matchio wins 3rd Annual Project Springboard Business Plan Competition
April 9, 2009
Matchio was named the winner of the 3rd Annual Project Springboard Business Plan Competition at an award dinner this evening at Bradley University.
The team, comprised of undergraduate and graduate level business majors, Tatenda Furusa, Tyler Fryer, Helena Racicka, T.J. Neuman, and Collin Schaefer, won a prize package valued at more than $120,000, including a $10,000 cash prize, an additional $15,000 of seed capital, consulting services from Junction Ventures; office space at the Peoria Next Innovation Center; marketing assistance from Converse Marketing; insurance advice from Coyle Insurance; legal services from Elias, Meginnes, Riffle and Seghetti, P.C., and accounting and technology services from Clifton Gunderson, LLP.
The Matchio team plans to create a one-of-a-kind classifieds marketplace and a central storefront tailored to the college community where students will be able to buy, sell, or exchange textbooks, furniture and personal items with fellow students.
Second place and $7500 was awarded to Eye On Life; third place and $5000 was awarded to Paws Giving Independence; and honorable mention and special mentoring was awarded to The Student Fund.
Six finalist teams presented their business plan before a panel of judges today in the Marty Theatre in the Michel Student Center. The business plans are judged on greatest market viability or potential to acquire outside funding.
The competition, open to Bradley students in all majors, was established in fall 2006 as a result of a $200,000 gift from Alexis Khazzam of Junction Ventures LLC to Bradley. Its purpose is to encourage students to think entrepreneurially and create a business plan for a new venture.
The mission of the Springboard Business Plan Competition is to provide real life experience in business plan development for Bradley students. This mission supports the university’s entrepreneurship major by continually encouraging and educating aspiring entrepreneurs in the creation, start up, and early growth stages of potentially high-growth businesses.
iRepair Squad won the inaugural Project Springboard competition in 2007. Memwas, meaning "the memories," was selected as the winner of the competition last year.