The culminating event of the University’s Business enterprise and Entrepreneurship class, the Pompea Business enterprise Program EXPO and Competitors permits learners throughout all majors to create small business ideas that examine serious-world problems and pitch their suggestions to a panel of company executives and experts.
June 16, 2021
Pupils in the College of New Haven’s “Business and Entrepreneurship” class (BUSA 1000) labored collectively during the spring semester to design revolutionary alternatives to address serious-earth troubles. They collaborated to develop a business program, then pitched their suggestions to judges at the Pompea Organization System EXPO and Opposition.
The groups, which integrated pupils from all sections of the class, offered concepts this sort of as “The Golden Plate,” which captured initial location in the opposition, and would provide wholesome food choices in retail locations at cost-effective rates to reduced-money and underserved communities. Judges also praised “Talos Headphones,” which would offer you wi-fi headphone charging, and “Healthier Minds,” which would give assist and obtain to a assortment of well being retailers via an application.
“This spring’s BUSA1000 college students surely leaned into the entrepreneurial attitude and exhibited adaptability, flexibility, and resiliency,” claimed Brian Marks, J.D., Ph.D., system coordinator and a senior lecturer in the Section of Economics and Business enterprise Analytics as properly as govt director of the University’s Entrepreneurship and Innovation Plan. “The winners are emblematic of this way of thinking and stand for students across each individual of the educational faculties and schools at the University.”
Abby Murphy ’24
“Business and Entrepreneurship” (BUSA) is an amazing training course operate by a team of terrific professors. During the course, we had been assigned a semester-long workforce challenge to generate a startup small business. My teammates and I produced “Healthier Minds,” which is a psychological wellbeing app that supplies various community means for psychological health and fitness and wellness in the New Haven region.
The strategy contains a hotline, Yale “Good Life” lectures, lectures from other Connecticut colleges, counselors, a 24/7 dwell supportive chat, and tips to strengthen your mental wellness and wellness. The target of the application is to make mental health and fitness assets far more obtainable for college or university students in the state of Connecticut.
Toward the end of the semester, my crew pitched our small business to a group of “investors.” Every working day of competitors, we offered to a panel of judges that later on gave us worthwhile feedback to increase our psychological health app. By the time my staff made it to the final spherical, our enterprise was as very good as it could get. The outcome? Third spot out of 30 groups.
I discovered how to build a startup company and pitch it to attainable traders, which is beneficial knowledge for my long run endeavors as I system to be an entrepreneur sometime. I’m definitely very pleased of my workforce and of almost everything we accomplished this semester. I’m so grateful for this practical experience and for the potential to do the job in a group natural environment for the duration of this time in our life, especially as prospects have been restricted thanks to COVID-19.
I’d like to thank all the professors who created this occasion doable, together with Dr. Kosmidou, Dr. Marks, Dr. Jones, Professor Sacco, and Dr. Offer. I want to give a huge shout out to Dr. Jones for her perception and direction through this venture and this semester. Thank you, thank you, thank you!
Ana Guillet ’24
Being enrolled in “Business and Entrepreneurship” and attending the Pompea Small business Prepare EXPO was a really memorable experience. Enrolled as a 2nd semester initially-yr university student, I discovered this to be the most immersive and useful class I have experienced at the University. Using component in the online competition, hearing the creative organization ideas that the other teams shared, and obtaining the sensation that my teammates and I experienced attained a ton contributed to my satisfaction of the experience. Equally as crucial was the existence of small business pros as judges. This allowed me, together with the rest of my peers, to hear complex perception on the projects that have been pitched.
Even though my group was not in the finals, I however took gain of remaining an active and excited audience member when it arrived to the EXPO. My group experienced produced a enterprise identified as “Bodies on Track” that enables consumers to engage with personalized trainers over dwell video clip so they can get a workout strategy dependent upon what machines or facilities they have obtain to.
In addition to enhancing bodily health, our business enterprise was centered on bettering psychological health mainly because we understood that the thoughts and human body are connected. The work that my workforce accomplished throughout the semester taught me a large amount about leadership and how to deal with and persuade colleagues, which I consider are worthwhile competencies for the authentic planet.
I would like to recognize my professor, Dr. Marks, for not just an fascinating course, but also for how he hosted the Pompea EXPO. He seriously manufactured it a enjoyment encounter by which includes the audience and groups who did not make it to the finals. I would also like to thank the judges and other professors who set so significantly tricky get the job done into generating this party just one to bear in mind.
Andrew Haller ’24
If you had explained to me at the begin of this course that I would end up remaining a task chief, competing in the Pompea Enterprise Program Expo and Levels of competition finals and capturing next put, I would have laughed. I never ever would have predicted this to materialize in the next semester of my very first year of school. This was made doable by Dr. Kosmidou and my incredible workforce customers, John Watters ’22, Madison Rivera ’23, and Tyler Ruocco ’23.
The item our “company,” “Talos Headphones” would provide is a bundle that arrives with an induction charging headphone stand, induction charging headphones, and a cable to plug the headphone stand into the USB slot of your laptop or an adapter. Just after plugging in the stand, to demand your headphones all you would have to do is rest them on the stand. It was a tiny, still convenient innovation that hadn’t seriously been completed ahead of.
I came up with the notion of induction charging headphones although speaking with a classmate in a different class physical exercise. The physical exercise was about innovating on previously existing merchandise. Immediately after imagining about what merchandise I experienced made use of the most throughout quarantine, I thought about my headphones since all of my classes have been on line past semester. The 1st factor I believed of was how straightforward it was to overlook to plug my headphones in right before I went to bed. I have a headphone stand I place my headphones on each and every night time, but I nevertheless ignore to in fact plug them in. That led me to believe about the wireless chargers that both of those Apple and Samsung use. If phones could use that variety of technological innovation, why could not headphones?
After accomplishing some exploration, I discovered there are couple induction charging headphones on the industry, and those people that are obtainable were only not too long ago launched. That’s when I understood there was a niche market for induction charging headphones that could be capitalized on.
Becoming a portion of the EXPO, even though a little annoying, was a large amount of pleasurable. As staff chief, I was in demand of delegating tasks to each and every staff member, figuring out what situations everyone was ready to satisfy, along with finding the route I considered our plan must go in. Staying the leader of this team taught me that making an attempt to get 4 persons with each other at the identical time is next to difficult! Among finding out for other classes, finals, and having to get the job done on tasks for other courses, getting a time with each other that works for all 4 persons in the team was a obstacle that I wasn’t anticipating. There were quite a few periods in which only 3 out of the 4 team members could truly be current for a conference, and we would have to catch up the remaining member at a diverse time.
Over-all, the EXPO celebration was a blast. Looking at the concepts that each individual team came up with was seriously attention-grabbing. Some teams even had related thoughts but experienced drastically diverse executions. Even while Talos didn’t just take household initially, my teammates and I all had a good time and would contend once again if specified the likelihood!
Megan Bodmer ’24
This semester, I had the honor of serving as challenge supervisor for my group, “The Golden Plate,” in the course of the Spring 2021 Pompea Enterprise Plan EXPO and Level of competition.
One particular of my major takeaways from the “Business and Entrepreneurship” system is how to go as a result of the process of problem identification, finding a resolution, and developing a organization design. For the final project, I experienced the prospect to go through each individual stage of the business enterprise progress procedure. The undertaking began with investigate and creating our product. From there, my teammates and I focused on information these as the financials of the functions, the intended marketplace, and how we would promote to that market. At the time our info was in spot, the slide deck was designed so that we would be in a position to efficiently pitch our business to opportunity traders.
During each phase, I applied the awareness I acquired from course to construct the organization design with my workforce. In addition, I also acquired how to be an efficient job manager. My part demanded management skills these as communicating to a group, earning absolutely sure that tasks ended up finished in a well timed way, and ensuring that each and every member was all set when it arrived time to present.
The difficulty we focused on was foods insecurity. This wide thought meant that we experienced to slim down our options so that we would be in a position to develop a particular alternative. Each member conducted study so that we could choose a particular site to concentrate on. The spot we observed that has higher concentrations of food stuff insecurity was Jefferson County, Mississippi. With a unique locale in intellect, we designed a foodstuff retail store that would offer healthful and affordable food stuff alternatives to this local community.
Our business enterprise was influenced by our want to “feed individuals how they are worthy of to be fed.” This catchphrase for our brand name is centered on the idea of “The Golden Rule,” so we arrived up with the enterprise name “The Golden Plate.” Right after presenting to our class, my workforce progressed to the semifinals and we were being later on picked to participate in the finals. “The Golden Plate” been given suggestions right after each and every spherical that was pretty worthwhile to our development as a staff. It aided us observe the place selected locations wanted some changes and how we could increase the shipping and delivery of our slide deck.
Following we concluded presenting in the course of the Pompea Business enterprise Strategy EXPO and Opposition, I felt incredibly happy of the effort and really hard work that we all experienced place into this project. When the winners had been announced, I remember experience a wave of enjoyment and I could not prevent smiling! It is such an honor that “The Golden Plate” was named the spring semester’s very first put recipient.
By having this class, I have been equipped to build valuable competencies that I will surely be ready to implement in the potential. This contains, but is not restricted to, how to operate with a group, getting a superior chief, communicating with other individuals, conducting investigate demanded to make a business enterprise pitch, adaptability, and how to present product to potential buyers.
As a 1st-year student, I took this course with the intention of studying the ins and out of entrepreneurship. After my knowledge in the “Business and Entrepreneurship” study course, I can affirm that my knowledge and working experience in the matter have been expanded drastically.
Abby Murphy ’24 is a business administration important at the University of New Haven. Ana Guillet ’24 is learning activity administration, and Andrew Haller ’24 is finding out computer system science. Megan Bodmer ’24 is a tunes sector major.