Houston Community College and Newspring Announce Winners of 10th Annual Business Plan Competition

 

Houston Community College (HCC) and Spring Branch nonprofit organization Newspring held its annual Business Plan Competition Awards Ceremony on May 2 at the Trini Mendenhall Community Center. With 135 local business owners, community leaders, judges, advisors, trainers and volunteers in attendance, the event was a culmination of 3 months of challenging business training for the participants.

bizcon banner lg Winners 2017-001


From the 90 applicants and 33 teams chosen to compete, 24 teams completed the rigorous competition. The top five were selected to win approximately $35,000 in seed money and in-kind prizes to help fulfill their entrepreneurial dreams.



The winners of the 2017 HCC-Newspring Business Plan Competition are:

  • Stem Cell Security, 1st place, $12,000
  • SpenDebt, 2nd place, $8,000
  • Wanderlust Houston, 3rd place, $4,000
  • Accelerated Quality Solutions, Honorable Mention, $1,000
  • Summer Creek Dance Studio, Honorable Mention, $1,000

02-180114IMG_5995“Stem Cell Security really got off the ground because of our experience at HCC,” said Doris Taylor of the 1st place team. “Not only did we gain invaluable insight from industry leaders and amazing advisers, we won funds that enable us to begin our journey. These funds will be used to create our early pitch media, will help us get our legal footing and will empower us to move into our first office space.  SCS exists because HCC-Newspring kickstarted us.”


02-182351IMG_5979The business training provided from February through April is a critical part of the competition. “Having assigned advisors (an executive from BBVA Bank and local CPA business owner) whom were 100% dedicated asking tough questions, challenging the financial pro forma, and critiquing the business plan made this one of the best competitions,” said Kiley Summers who won 2nd place. “Our biggest takeaway from the BPC was developing 3 year financial pro forma and solidifying our business model to include an investment analysis.”

IMG_5952IMG_6047The business plan competition organizers include nonprofit Newspring president Robert Westheimer, HCC Northwest College President Zach Hodges, business consultant and lead trainer Jack Barry and Sandra Louvier, director of HCC’s Center for Entrepreneurship.

IMG_5830IMG_5799Area businesses like LiftFund and Wallis State Bank made the event possible as major sponsors.

“Everyone has a dream to be an entrepreneur and the business plan competition provides the platform for the individuals to make their dream come true,” said Nasr Khan, executive vice president, Wallis State Bank and sponsor. Wallis State Bank is a top SBA Lender in the Houston District and we are committed in supporting the emerging business community.”

IMG_5848IMG_5856Other prize sponsors include Amegy Bank, Legacy Rags, MetroNational, Constant Contact, HD2Menus.com, PermitUsNow, CRES Real Estate ITRA Global, Houston West Chamber of Commerce, Small Business Today Media and Presentation Power.

Click for Awards Ceremony Photo Web Album

For more information, visit hccbizconnect.org.


bpc logo - 1499 by 930 pixels-1Thanks Again to

Competition

Partner

Newspring

and to our

2017 Sponsors!


LiftFund_Over20YrsENG large Wallis 69c7e0d4-8cdb-43e6-a59b-302dabf31a1d

AmegyBankofTexas_RGB_r

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Legacy Rags, Khurum Choudry


Metro Naional 76a8455a-3a73-47e3-8b21-58c8b37fc3d5        Constant Contact       

Thanks to our BPC Alumni Circle Sponsors – $1,000 Contributors:

 


Helen Callier, PermitUsNow.com, 2013 BPC Contestant

Hussain Ali, HD2Menus.com, 2015 BPC 3rd Place Winner

  

Connie Rankin, Customized Real Estate Services,

2013 BPC Contestant


        True Color Graphics c921bd7f-a7b5-4ed4-986e-5550260be22b             HWCOC                     

   PRESENTACION                   Three Bros d04c0e9b-d307-4719-b66d-e9b4933c2758

Posted May 16, 2017