GroupTable wins $12,000 in Business Plan Competition
- 7 Comment
Yesterday GroupTable won the annual UCF Joust Business Plan competition and $12,000. About 40 applicants submitted their business plans for the competition, the top 12 plans were selected to participate.
Last week these 12 teams presented in front of several investors & business leaders in the community. The top four were selected as finalists taking place yesterday April 11th, 2008. The top four who were selected as finalists were MPS technologies (A company proposing a customized insert designed for women shoes to ease the pain they feel when trying to squeeze into shoes just to look cute), Miami Cable (proposed a water park in Miami that uses cables to pull you around a track on ski’s…really cool idea), An Agriculture Bio Fuel company was the other finalist (proposing a program to convert algae into energy)and our venture, GroupTable (An online collaborative software venture tailored to meet the needs of high achieving students)
The finals judge were made up of extremely successful business leaders from across the country as well as investors. They were very receptive to GroupTable and enjoyed our presentation. We ended up winning first place, which not only included $12,000 but another free year in the UCF Technology Incubator, I say another because we actually won the competition last year as well with a different venture.
This time around is much more exciting for me because with this GroupTable we are so far along in product development that the $12,000 can help us immensely to grow accelerate our user and product growth to the point where we can get angel funding. It is all very exciting! There should be a lot more articles about GroupTable coming out in the near future I’ll keep everyone posted.
7 Comments on this post
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David said:
Congratulations on this win. Now your job is to build a great product and market it really well online. Best, David Meerman Scott
September 2nd, 2008 at 3:00 am -
Diabetes Supply said:
I am a teen looking to start several business but i desperatly need funding. How do i find business plan competitions specifically for teens.
May 21st, 2009 at 7:10 am -
diabetes supply said:
I have never taken serious to write a business plan for my business, and I don’t like play the words or numbers, but my business do have some profit.
January 9th, 2010 at 1:30 pm -
Carpet Cleaning Gold coast said:
If you are sure that you’ll make a or are already making a profit, spell it out for them. Show them how you’ve flourished and how you expect to grow in the future with this money. Obviously you don’t have to know every specific detail going into the distant future, since no one can predict what will happen with your business, but at least develop likely scenarios so you’ll be prepared for anything.
January 22nd, 2010 at 5:24 am -
Scrap Gold Price said:
Congratulations David.
January 22nd, 2010 at 9:50 pm -
diabetes supply said:
Obviously you don’t have to know every specific detail going into the distant future, since no one can predict what will happen with your business, but at least develop likely scenarios so you’ll be prepared for anything….
February 2nd, 2010 at 5:07 am
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