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Business Plan Competition Promotes Entrepreneurship
Pictured at the third annual Business Plan Competition are: (l-r) Kathleen Yantoska, winner in the undergraduate category; David Desplaces, director of the Institute for Entrepreneurship and Economic Development; Jessica Reichard, winner in the graduate category; and David A. Schupp, university regent and chairman of Schupp and Grochmal, LLC, sponsor of the competition.
The event was sponsored by the financial consulting firm of Schupp & Grochmal, LLC. David A. Schupp, chairman of the firm, is also a university regent.
Kathleen Yantoska, an entrepreneurial studies major, won the business plan competition in the undergraduate category for Kathleen’s Consultants, a wedding consultancy business. Jessica Reichard won the business plan competition in the graduate category for Bosom Buddies, a company that makes bra organizers.
“Both students won because of their ability to convince a panel of judges that there is a market for their product or business,” said David Desplaces, assistant professor of management and entrepreneurial studies and director of the Institute for Entrepreneurship and Economic Development. “They were able to document the potential of their respective markets and articulate their business models well.”
The presentations to judges were made on Dec. 7 and 8, and winners were announced at an awards banquet on Dec. 14 at the 1877 Club. A total of 14 undergraduate plans and 20 graduate plans were submitted for the competition.
The competition was open to all degree-enrolled university students and was designed to promote entrepreneurship by offering students an outlet to present their ideas and to receive constructive criticism.
Schupp & Grochmal sponsored the event and donated cash prizes to winners in the two categories: $500 to the winner in the graduate student category and $350 to the winner in the undergraduate student category.
For more information on the Institute for Entrepreneurship and Economic Development, visit barney.hartford.edu/institute.