10th Annual Best Business Idea Competition Winners Announced
Published: January 27, 2016 | Read Time: 3 minutes
The results of the 10th Annual Best Business Idea Competition are in, and the winners have been determined! The event was sponsored by the SUU Small Business Development Center and School of Business, Southwest Applied Technology College, USTAR, Cedar City Chamber of Commerce, and Hughes and Associates. Many imaginative and promising business ideas were submitted for judging. Ten finalists were chosen to present their business idea orally to the panel of judges. Based upon those presentations the winners were chosen.
And the Best Business Idea Competition winners are….
|
|
Prize |
Recipient |
Business Description |
|---|---|---|---|
|
1st Place |
$5,000 |
Chip Sanders & Malachi McAfee (SUU Student) |
Fake-A-Shade – Cost effective plantation shutter product |
|
2nd Place |
$3,000 |
McKay & Janelle Thompson |
Property Premiere – High quality virtual interactive 3D real estate tours |
|
3rd Place |
$1,000 |
Paydon Newman & Jordan Parker (SUU Students) |
FitPit Products – PMX, an all-natural supplement |
|
Honorable Mention |
$500 |
Chad Westwood & Karsten Reed |
CKL, LLC – 3D home tours |
|
Honorable Mention |
$500 |
Mackenzie Maness (SUU Student) |
Strut Clothing – clothing designed for different body types |
And the Zions Bank sponsored Opportunity Quest (student only) Competition winners are….
|
|
Prize |
Recipient |
Business Description |
|---|---|---|---|
|
1st Place |
$2,000 |
Chip Sanders & Malachi McAfee (SUU Student) |
Fake-A-Shade – Cost effective plantation shutter product |
|
2nd Place |
$1,000 |
Paydon Newman & Jordan Parker (SUU Students) |
FitPit Products – PMX, an all-natural supplement |
|
3rd Place |
$750 |
Mackenzie Maness (SUU Student) |
Strut Clothing – clothing designed for different body types |
As can be seen, the winners’ ideas covered a wide range of business possibilities. All represent very practical and innovative business ideas, with very bright prospects for the future. Many of the winning ideas were submitted by SUU students.
The mutual purpose of each of the sponsors of this competition is to support the development of small businesses in the Tri-County area (Iron, Beaver and Garfield Counties), and to promote healthy economic development with more jobs and an increased tax revenue base. With the integration of community resources and the talent of our own successful entrepreneurs, we can help more and more small companies get started and successfully grow.
The mission of the SUU Small Business Development Center (SBDC) is to strengthen Utah’s economic fabric and quality of life by facilitating the success and prosperity of small business endeavors. The SBDC is located within the SUU Business Resource Center (BRC), which opened its doors in April of 2009 as a “one-stop-shop” business resource center and incubator to provide necessary support and counseling services for smaller businesses. The SUU Business Resource Center and partners recently moved to a new location at 510 West 800 South in Cedar City. The SBDC and BRC provide counseling and support services, as well as help with financing alternatives (including micro loan programs), business partnering facilitation, marketing, legal and human resource services.
Craig Isom, Executive Director of the SUU Business Resource Center and Small Business Development Center said, “It is very rewarding to see the response to the competition challenge. There’s lots of talent in our community and many untapped ideas and opportunities. We’re happy to see so many great ideas and to have the level of interest we have in this kind of event. What’s most rewarding is seeing so many different resources come together (university, public and private) for a very important and common cause. We extend our thanks to all who participated. Now we just have to keep the ball rolling and support the launch of some new, successful businesses, and build upon this start to increased community partnership.”
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