News Details

November 19, 2015

Three Students Selected as Semi-Finalists for Business Plan Competition

 

Three West Virginia Wesleyan College students have been selected as semi-finalists in the West Virginia Collegiate Business Plan Competition.  Nicole Friedemann, a senior sport business major from Canby, OR; Niles Dailey, a junior marketing major from Ona, WV; and Morgan Kelley, a sophomore marketing major from Columbus, OH will compete for a chance to move onto the final round in the program that celebrates its 10th year with 209 total submissions, making it the second-most amount of entries for the statewide competition.  Only thirty semi-finalists were selected to compete in three categories:  Science, Technology, Engineering, and Mathematics; Hospitality & Tourism; and Lifestyle & Innovation.

“I am really proud of all the students in this course; everyone has developed really great ideas, and it is exciting that Wesleyan has three students competing in the semi-final round,” said Robert Hinton, executive director of the Upshur County Economic Development Authority and instructor of the Innovation and Entrepreneurship course at Wesleyan.  “This has been a great learning experience for everyone in the class.”

Twelve institutions participated in the first round of the competition in early October, including ten four-year institutions and two two-year institutions.  Following the semifinals, the field will be further narrowed to five finalists in each category.  The winner in each category will receive a $10,000 cash award and a prize package, including free professional services to start their new business in West Virginia.

“There is a great opportunity the Business Plan Competition creates for West Virginia itself,” said Friedemann.  “It not only encourages young adults to become innovative, but it also creates opportunities for the state of West Virginia by offering the society the possibility of having new business ventures.” 

Dailey stated, “Having this competition and working with Rob Hinton has helped me to develop a better business plan, and I have learned what businesses and investors are looking for in a business venture.” 

Semi-finals were held on Friday, November 13, 2015 at West Liberty University in Wheeling, WV.  The semi-finalists participated in a pitch competition.  Finalists will be identified in early December.  Final business plans are due in March with the winners announced at the West Virginia Collegiate Business Plan Competition banquet at West Virginia University on April 8, 2016.

Kelley pitched her idea of a 2-n-1 sports bra at the semi-finals. “This idea came to me because I am a lacrosse player and we wear mouth guards, but I saw there was a need for a secure place to store them while practicing.”

The competition is hosted by the West Virginia University’s College of Business and Economics through the BrickStreet Center for Innovation and Entrepreneurship. 

 

Wesleyan’s Thomas H. Albinson II School of Business offers majors in accounting, economics, management, marketing, sport business, and an MBA.  For more information, contact Dr. Susan Aloi, director of the School of Business & MBA Program, at aloi_s@wvwc.edu or 304-473-8580.

Cutline, L-R: Niles Dailey, Morgan Kelley, Rob Hinton, and Nicole Friedemann

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