Ben Franklin’s TechCelerator @State College, in partnership with the Invent Penn State initiative, has a new batch of graduates that are equipped with business know-how, marketing tools … and cash prizes of up to $10,000 to help launch their new business. The winning company, BoB Profit Partners, took home $7,000 for their retail technology solution that eliminates merchandise loss.
Craig Moyer with BoB Profit Partners said, “The TechCelerator event was well organized, well facilitated, and super efficient in presenting and covering a mass of business start-up information.”
“The knowledge and experience of the coaches and presenters were invaluable,” he added. “It was a safe environment to question and seek clarity when topics needed a better understanding. I credit the program leads and coaches for the great experience afforded me as a participant. Thank you for the investment in new business start-ups!”
A total of eight entrepreneurial teams completed the ten-week, virtual business startup boot camp that went over intellectual property, business models, value propositions, revenue sources and more.
At the end of the bootcamp, teams pitched their business concepts to a panel of independent judges for a cash prize of up to $10,000. In addition, the zoom audience members had the opportunity to vote for their favorite presentation and award a cash prize of $1,000 in the People’s Choice Award.
The Winners Were:
First Place
Craig Moyer with BoB Profit Partners took home $7,000 for his retail technology solution that eliminates merchandise loss.
Second Place:
Talia East with HER Tech World took home $3,000 for developing a solution that matches up underserved female founders with investors
People’s Choice: Rachelle Martin with Alex & Thea took home $1,000 for her functional, on-the-go travel baby bag design.
Other members of the cohort also presented an exciting mix of emerging products and services including membranes for use in fuel cells; a realistic target practice training product; a system for shippers to manage large fleets of of drivers without the need for brokers; an on-the-green putting aid, and a company that provides social media marketing strategies that build trust and credibility.
For more information about TechCelerator, or to register for the session, go to https://cnp.benfranklin.org/techcelerator-at-state-college.
