NORTHEAST – Ivy Tech−Northeast will announce the winner of Launch: New Venture Competition Sept. 13 at an award ceremony. The champion will be selected by a panel of judges that night and will receive $17,000 to launch his or her own business. An additional $11,700 package will be awarded to the winner if they qualify for residence on the Northeast Indiana Innovation Center (NIIC) campus. The three finalists are Brad Haines, Krystle McBride and Olivia Fabian.
The competition was made possible by a capital formation partnership between Ivy Tech Community College-Northeast and Northeast Indiana Innovation Center (NIIC). Launch: New Venture Competition was created to promote economic development and job creation through a business plan competition. This is the first year the competition has taken place, but is projected to be an annual event.
“The finalists rose above their competition as the three who were the most prepared to set their business plans into action,” said James Tolbert, business administration program faculty. “Student-competitors will take away a new skill set: capital formation, which is crucial to successfully launching a business. So, even students who do not win the award can go on to seek capital elsewhere.”
All three finalists are students or recent alumni of Ivy Tech Community College−Northeast. Finalist Brad Haines is a student of Business Administration. His concept, Fryer’s Club, will feature a stainless steel diner offering a wide spread of deep fried and comfort food options. Finalist Krystle McBride received her associate’s degree in Business Administration with a concentration in Business Management and Marketing this spring. Her company is Foot World, which is a shoe store that will cater to a large range of foot care needs. Finalist Olivia Fabian also received her associate’s degree in Business Administration with a concentration in Business Management and Marketing this spring. Her business concept is Ofabz Swimwear, which features innovative swimwear and related accessories.
The finalists will make their presentations to a panel of judges starting at 4:30 p.m. Sept. 13 at Ivy Tech’s North Campus in the Student Life Conference Center (4900 St. Joe Road). Following this will be the award ceremony and banquet at which the champion will be announced. Ivy Tech−Northeast Chancellor Jerrilee K. Mosier, Ed.D., President and CEO of the Northeast Indiana Innovation Center (NIIC) Karl LaPan and President of JB Tool, Die & Engineering, Inc., David Bear will be featured guests. Members of Ivy Tech adjunct faculty and community advisory board will serve as judges.
Schedule for Tuesday, Sept. 13
- Ivy Tech Student Life Conference Center (4900 St. Joe Road)
- 4:30 p.m. − Presentations by the finalists
- 6 p.m.− Dinner provided by Ivy Tech
- 7 p.m. − Award ceremony and closing remarks
This opportunity falls in line with the Business Administration program’s efforts to educate students who create jobs ─ not simply get jobs. Launch: New Venture Competition is the first in many efforts to develop students to their full potential. This fall, five new entrepreneurship courses are available to students with a long-term goal of establishing a Center for Entrepreneurship.
For more information contact James Tolbert at 260-480-4249 or firstname.lastname@example.org.
About Ivy Tech Community College
Ivy Tech Community College is the state’s largest public postsecondary institution and the nation’s largest singly accredited statewide community college system serving nearly 200,000 students annually. Ivy Tech has campuses throughout Indiana. It serves as the state’s engine of workforce development, offering affordable degree programs and training that are aligned with the needs of its community along with courses and programs that transfer to other colleges and universities in Indiana. It is accredited by the Higher Learning Commission and a member of the North Central Association.
About Northeast Indiana Innovation Center
The Northeast Indiana Innovation Center is a non-profit, community-based resource center that catalyzes the growth and development of technology-based companies in Northeast Indiana, thereby diversifying, improving, and growing the region’s economy and enhancing our community’s vitality. For over a decade NIIC has helped over 100 ventures grow at an average rate of 79% compounded annually.