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A record 30 student teams will pitch ideas for new businesses to a judging panel of faculty and local business leaders April 14-15 in the University of Richmond's Entrepreneurship Club business pitch competition for budding entrepreneurs.
 
The first place team will receive a cash prize of $3,500 and the opportunity to present its business idea to a group of local angel investors. Second place will earn $1,000 and third place $500.

The competition is held annually to encourage Richmond students to think entrepreneurially. Each pitch will be measured for concept, clarity, comprehensiveness, realistic implementation and potential value.

First round presentations take place April 14, with top teams advancing to a final round the next day. Finals will be judged by outside experts and entrepreneurs, including Katherine Whitney, co-founder of the management consulting firm Warren Whitney & Sherwood; Hank Heyming, partner of international law firm Troutman Sanders LLP; Laura Posey, chief instigator of sales training and consultants Dancing Elephants; Mike McGinley, managing partner of New Dominion Angels, an early-stage investors group; and Chris Gorman, a serial entrepreneur and 1994 Richmond graduate.

Previous winners of the competition include Thomas Borwick, awarded 1st place last year for an electronic tablet that stores and displays digital sheet music. Borwick is currently working with investors and software teams in the development of his product for sale. Last year’s second place winners, Max Prokell and Connor McMahan, are generating web sales for their idea, Smart Stacks (educational index cards that incorporate colors and shapes), and the product has been picked up by educational retailers. First place 2009 winners, Dan Brunt and Chris Genualdi, took their proposal for Sniff-Stick, a portable aromatherapy product, and developed it into Aromago, now sold in 30 locations in New York, Richmond and Denver.

For further information on the competition, contact Jeff Pollack, assistant professor of management at the Robins School, at 804-287-1821.

Related Campus Units

Robins School of Business