May 1, 2007
Whitworth Teams Win Five of Nine Awards in Hogan Business-Plan Competition
Five Whitworth teams won more than half of the $42,500 total cash awards in the Gonzaga University Hogan Entrepreneurial Leadership Program Business Plan Competition, held in collaboration with Whitworth's School of Global Commerce & Management and Eastern Washington University's Center for Entrepreneurial Activities. The competition is open to graduate and undergraduate students from Whitworth, Gonzaga, EWU and Washington State University.
The Hogan business-plan competition is the largest of its kind in the Inland Northwest. This year, 44 teams submitted plans in three project categories: social-enterprise, community-based, and student-generated. Of the nine finalists selected, four teams were from Whitworth, one was a collaborative entry by two Whitworth students and a Gonzaga student, two teams were from WSU, and one team each was from Gonzaga and EWU.
"Succeeding in business depends on how well one combines knowledge and talent," says Terry Sanchez, Whitworth business-plan competition advisor and adjunct professor of management. "Business-plan competitions are real indicators of how well students can perform these tasks in a competitive environment. The success of our students in the Hogan competition is reflective of the high-quality education the School of Global Commerce & Management provides."
Whitworth's Daniel Belko, '07, and Lewis Turner, '08, took home the $7,500 Avista Social Impact Award for their first-place win in the social-enterprise category. The duo won for their business plan, Cool Water Bike Shop, a nonprofit bike shop run by and for at-risk teenagers. The proposed shop would operate in collaboration with Cup of Cool Water, an outreach ministry for homeless youth in Spokane that was founded by Whitworth alumnus Mark Terrell, '94.
Following are the four other winning Whitworth teams announced Friday, April 27, at an awards ceremony and reception at Gonzaga:
• Social-enterprise category: Dominion Trading Company, a coffee-roasting business that benefits Ethiopian coffee growers; second place, $3,500 award, Tim Coughlin, '08, and Sean Thompson, '08.
• Community-based category: Global NeTutors, Inc., provides Internet-based English-language classes designed for Asians; second place, $3,500 award, Darien Brown, '06, and Brennan McQuerry, '07 (Whitworth), and Margi Begalka (Gonzaga).
• Student-generated category: HillGhillie Corp., produces cost-effective material for camouflage clothing; second place, $5,000 Emilie Olsen, '08, and Dustin Smith, '08. Food Runner Delivery, offers food delivery from better restaurants to homes and offices; third place, $2,500 award, Mark Baker, '09.
In addition to Whitworth's success in the Hogan competition, four Whitworth teams were selected from 65 entrants to continue on to the investment round in the University of Washington Business Plan Competition. The teams are Dominion Trading Company, Global NeTutors, Inc., Spokane Memorial Gardens, and Food Runner Delivery. Winners of the UW competition will be announced May 24.
The plans submitted to the Hogan competition were judged by an independent panel of reviewers based on 10 criteria, including social return on investment, feasibility, scalability, funding, and quality of the operating and financial plans.
Faculty members from the Whitworth School of Global Commerce & Management assisted the teams by providing academic and practical insight in areas including marketing, finance, e-commerce, legal issues and patents.
Major funding for the Hogan Entrepreneurial Leadership Program Business Plan Competition was provided by the Herbert B. Jones Foundation, Telect, Itron and Avista Corp.
Located in Spokane, Wash., Whitworth is a private, liberal arts college affiliated with the Presbyterian Church (USA). The college, which has an enrollment of 2,500 students, offers 53 undergraduate and graduate degree programs.
Jo Ann Nielsen, associate director, Entrepreneurship/Micro-Enterprise Services,
Terry Sanchez, business-plan competition advisor and adjunct faculty member, Whitworth College, (509) 777-4419 or email@example.com.
Julie Riddle, public information officer, Whitworth College, (509) 777-3729 or firstname.lastname@example.org.