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Don Bosco Prep HS holds own 'Shark Tank'-like competition

2/18/2019

1 Comment

 
In its first "Shark Tank"-like competition, Don Bosco Preparatory students came up with creative business ideas, including a country-wide EZ-pass system and Simplex, a simple way for businesses to schedule and communicate.

The Leonidas Foundation awarded $10,000 in scholarships to the high school in Ramsey, as part of the L.E.O. Program's first "Ironworks" Entrepreneurship Competition.
​
Twenty-two L.E.O. Program seniors took part in a team-style competition similar to the popular television show, Shark Tank. Students were tasked with creating a new business idea to solve a common problem, formulate comprehensive marketing and substantive information about the product, and present their creations to a panel of investors from the financial, legal, automotive, banking and medical industries dubbed “Sharks.” 
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Don Bosco Prep High School holds its own "Shark Tank" competition. Winning teams earned collegiate scholarships. (Photo11: Courtesy)
The ideas included:
  • Critter Care: One-stop shop allowing owners to travel anywhere in the world with their pets, listing vets, dog parks and pet shops
  • Party Wheels: Alcohol delivery service to prevent drunk driving
  • Ameripass: Catchall EZ-Pass app that allows users seamless travel across systems
  • Simplex: Interoffice communication service that simplifies scheduling and communication.
  • LMK365: Location-based texting app that automatically communicates with pre-determined parties upon arriving at a destination
    ​
The winning business idea selected by the “Sharks” was Simplex. The team was awarded $7,500 in scholarships. The runner-up was Ameripass, awarded $2,500 scholarships. The audience also selected a “Most Socially Responsible” project, which went to Critter Care and garnered $100 scholarship for each team member.

Read more on NorthJersey.com
1 Comment
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