{"id":1968,"date":"2014-02-26T14:35:01","date_gmt":"2014-02-26T20:35:01","guid":{"rendered":"http:\/\/blogs.acu.edu\/coba\/?p=1968"},"modified":"2014-02-26T14:35:01","modified_gmt":"2014-02-26T20:35:01","slug":"it-is-that-time-of-year-springboard","status":"publish","type":"post","link":"https:\/\/blogs.acu.edu\/coba\/2014\/02\/26\/it-is-that-time-of-year-springboard\/","title":{"rendered":"It is That Time of Year: Springboard!"},"content":{"rendered":"

\"springboard\"<\/a><\/p>\n

The highly anticipated event we\u00a0have all\u00a0been waiting for is just around the corner!\u00a0Registration for the seventh annual Springboard Ideas challenge is now open\u00a0and ready to start\u00a0accepting applicants for 2014.\u00a0Springboard is a business plan competition that takes place each year through the Griggs Center for Entrepreneurship and Philanthropy.\u00a0Contestants vary, including some who\u00a0have ideas and are seeking\u00a0to\u00a0start a business and others who have already established small businesses. The cash prizes come from several local sponsors. This year, certain phases of the competition have changed. The initial application process has been revamped to make each transition phase flow more smoothly for applicants.<\/p>\n

The competition\u00a0includes three different divisions: the community-growth division, the community-small business division, and\u00a0the college division. The first, second, and third place winners in each division will receive cash prizes. For the college division, the first place winner will receive $7,500, the\u00a0second place winner will receive $3,000, and the third place winner will receive\u00a0$1,000. In the community-growth division, the first place winner will receive $15,000, the second place winner will receive $5,000, and the third place winner will receive $1,000. For the community-small business, the first place winner will receive $5,000, the second place winner will receive $3,000, and the third place winner will receive $1,000. Applicants must be at least 18 years of age and be a permanent resident of one of the qualifying 19 counties surrounding the Abilene area.<\/p>\n

To enter the competition, applicants must initially complete an online application and pay the registration fee. The online application deadline is 5 P.M. on March\u00a07th.\u00a0Once the judging panel has advanced chosen contestants on to the next phase of the competition, a mini-business plan must be submitted. The business plan should address the fundamental issues of interest to potential investors. This document should highlight the most important and interesting points of the business, which should give potential investors a general understanding of why this venture would succeed. Contestants who advance to the next phase of the competition qualify as finalists and must prepare a presentation for a live panel of judges. The exact date, time, and location will vary by division but will take place during the week of April 6-12, 2014. Participants will be given 10 minutes to present their idea to the judges and will then be subject to 10-15 minutes of Q&A from the judges.The final phase of the competition will be the awards dinner, which will take place on April 15th. All finalists will display their ideas as part of\u00a0an exhibit hall before the dinner, and then\u00a0the winners of each division will be announced during the dinner. This year, Stuart Crum, President for Bridgestone Retail Operations, will be speaking at the awards ceremony.<\/p>\n

Students have represented COBA well in the past Springboard competitions. Typically, around 30-4 students from around campus enter the competition each year.\u00a0Last year, senior Luke Luttrell won first place in the college division with\u00a0his Right Route idea. Right Route is a\u00a0mobile app similar to Google Maps\u00a0but\u00a0offers more route options,\u00a0optimizing the fastest route between as many\u00a0desired destinations. Dr. Brent Reeves and Dr. Brian Burton were two professors that helped Luke develop his idea for the app. Luke believes that COBA was absolutely fundamental to winning Springboard.\u00a0He credits his\u00a0success\u00a0to\u00a0the help of such great professors in COBA, reiterating how involved and willing they\u00a0were\u00a0to reach out and help him on his journey to success. Luke also praises the competition in regards to the process. He says, “Springboard gives students the opportunity to present\u00a0an idea to a panel of investors with entrepreneurial experience, resulting in great feedback on the idea and business model.” Luke has learned to always seek entrepreneurial opportunities and encourages anyone with even the smallest idea to enter the competition. Springboard is a great opportunity to grow one’s entrepreneurial skills and gain relevant experience through a high value process and interaction with professional entrepreneurs.<\/p>\n

\"Springboard-015\"<\/a>\u00a0\u00a0 \"Springboard-033\"<\/a>\u00a0\u00a0 \"Springboard-027\"<\/a><\/p>\n

\"Springboard-001\"<\/a>\u00a0\u00a0 \"Springboard-171\"<\/a><\/p>\n

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“The Springboard Ideas Challenge is a great opportunity for any student who is interested in entrepreneurial pursuits. It offers an unbelievable experience because it forces students to turn a simple idea into a fully functioning business model,” says Luke Luttrell, senior COBA student and winner of the 2013 Springboard Challenge.<\/p>\n

\nhttp:\/\/blogs.acu.edu\/coba\/files\/2014\/02\/Right-Route-Navigation-System.mp4<\/a><\/video><\/div><\/p>\n

\n<\/blockquote>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The highly anticipated event we\u00a0have all\u00a0been waiting for is just around the corner!\u00a0Registration for the seventh annual Springboard Ideas challenge is now open\u00a0and ready to start\u00a0accepting applicants for 2014.\u00a0Springboard is a business plan competition that takes place each year through the Griggs Center for Entrepreneurship and Philanthropy.\u00a0Contestants vary, including some who\u00a0have ideas and are seeking\u00a0to\u00a0start […]<\/p>\n","protected":false},"author":6270,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2823,2801,2750,2760,2751,2752],"tags":[],"class_list":["post-1968","post","type-post","status-publish","format-standard","hentry","category-city-of-abilene","category-coba-events","category-current-students","category-entrepreneurship","category-griggs-center","category-springboard"],"_links":{"self":[{"href":"https:\/\/blogs.acu.edu\/coba\/wp-json\/wp\/v2\/posts\/1968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.acu.edu\/coba\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.acu.edu\/coba\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.acu.edu\/coba\/wp-json\/wp\/v2\/users\/6270"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.acu.edu\/coba\/wp-json\/wp\/v2\/comments?post=1968"}],"version-history":[{"count":12,"href":"https:\/\/blogs.acu.edu\/coba\/wp-json\/wp\/v2\/posts\/1968\/revisions"}],"predecessor-version":[{"id":2010,"href":"https:\/\/blogs.acu.edu\/coba\/wp-json\/wp\/v2\/posts\/1968\/revisions\/2010"}],"wp:attachment":[{"href":"https:\/\/blogs.acu.edu\/coba\/wp-json\/wp\/v2\/media?parent=1968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.acu.edu\/coba\/wp-json\/wp\/v2\/categories?post=1968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.acu.edu\/coba\/wp-json\/wp\/v2\/tags?post=1968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}