Student Entrepreneurs Receive Start-up Funds
FOR IMMEDIATE RELEASE
June 21, 2005
Kathleen McPartland
530-898-4260
Terry Noel, Director
530-898-6680
Student Entrepreneurs Receive Start-up Funds
The Center for Entrepreneurship at California State University, Chico has selected four student-authored business plans as winners of the Spring 2005 Student Business Plan Competition. The six students with the winning business plans were awarded $10,000 total in investment capital. The winners were selected from a field of 19 applicants by a panel of faculty from CSU, Chico’s College of Business and local community members.
Dan Reynolds, Ben Reynolds and Keith Hayden were awarded $5,000 for their Phamily Graphics plan; Mitch Laffins was awarded $2,000 for his Hoppin’ Out Back plan; Ryan Milani was awarded $2,000 for his New Again Mobile Auto Detailing plan; and Jay Bakker was awarded $1,000 for JB’s Soup & Salad.
Professor Terry Noel, director of the Center for Entrepreneurship, will provide guidance and mentoring to the students. “The awards for the Student Business Plan Competition are investments,” said Noel, “though we do not expect a payback as such. Our intention is that the students build successful businesses that can be funded by private sources.”
The Student Business Plan Competition is designed to be both practical and educational, providing students with the opportunity to make money and to learn about business first hand.
Steve Adams, interim dean of the College of Business, and Dee Hoffman-Wills, assistant dean, raised money for the project.
The Center for Entrepreneurship was established in 2003, as an arm of the Entrepreneurship and Small Business Management Program. The center, in collaboration with small-business owners, allows students to develop small-business management skills.
For more information on the Center, please contact Noel at 530-898-6680.
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