In a recent article, Worcester Magazine highlights local colleges’ efforts to promote entrepreneurship on campus.
The article features the College of the Holy Cross Shark Tank Competition, sponsored by the Ciocca Office of Entrepreneurial Studies and the Entrepreneurship Club. The competition allows students to present their ideas to a tank made up of seven "sharks," a mix of alumni and experienced entrepreneurs.
The competition offers two separate parts: one part involves an elevator pitch competition, a 60-second pitch that describes the basic idea of the business, which offers a $200 prize, and the second part involves a more formal business plan competition involving a 30-minute presentation that touches on the marketing and financial aspects of the business, which offers a $1,000 prize.
"This is just to whet their appetite to get involved … [cash prizes] are not tied to funding the project," said David Chu, director of Entrepreneurial Studies at the College.
Last year’s winner Ben Kaplan, creator of the social app WiGO, used his winnings towards creating his own company. The app, which allows students to view “Who is Going Out,” is available for download on the Apple App Store.
This “Holy Cross in the News” item is by Jacqueline Smith ’15.