At the first-ever LaunchVT Collegiate Competition, teams from Champlain College and Middlebury College were awarded cash prizes to help launch their businesses. First prize winner, Thermouse from Champlain College will also have the opportunity to compete as a finalist in the LaunchVT competition on May 5 in Burlington.
Tom Torti, President of the Lake Champlain Chamber which helped organize the competition, was impressed by the quality of the pitches “It warms the heart to see the talent and creativity the teams brought to their business ideas and presentations today. I hope these students walk away knowing that if they do start a business in Vermont, there is a great network of people to support them.”
First prize winners Matthew Giles and Cullen Jemison said after winning that “We consider this a really vital step in moving toward our goal of manufacturing this product in Vermont.
Eight teams from Castleton University, Champlain College, Johnson State College, Lyndon State College, Middlebury College, Norwich College, St. Michael’s College, the University of Vermont, and Vermont Technical College competed in today’s competition. Vermont Technical College President, Dan Smith, commented that “Entrepreneurship is in Vermont’s DNA. This event is an excellent opportunity for students and the state to showcase our creativity and enterprising spirit. We are thrilled to field a team and be a part of it."
Second place: $2500
Awarded to: Joyryde
Terry Goguen, from Massachusetts, attends Middlebury College.
Joyryde: An app that uses incentives to keep drivers from being distracted by their mobile devices.