
Today, the Drury CEO (Collegiate Entrepreneurs Organization) chapter hosted 30 high school students for an Idea Blitz – a mini business model competition.
Our goal was to show the students what entrepreneurship means – that there is no such thing as a stupid idea and what you should think about if you think you have a great business idea.
We used this business model template to get the students thinking about the the highlights of their ideas, why customers would buy the product and how they would make money. The template uses prompts and sticky notes to make the process more efficient.
Students were separated into groups of three, paired with two Drury student mentors and one community professional (bankers, local VPs, entrepreneurs, etc…). They got an hour and a half to brainstorm ideas and fill out their business model.
After a lunch at our campus cafeteria (all part of the college experience for our visitors), the high school students got two minutes per group to do their elevator pitch using the business model and their sticky notes as props.
Four local community professionals served as judges, awarding cash prizes to the first place team, whose idea was a machine that ices cupcakes and a runner up team that had an idea similar to TOMS but with a nifty pair of flip flops. Other ideas included a button that locates your TV remote and an app that farmers can use to price their cattle and comparison shop. The judges were told to not only judge the idea, but also how well the students answered the prompts in the business model.
Overall, the event was deemed a huge success – the high school students said they enjoyed it, the community members gave rave reviews and the judges said it was near to impossible to deem just one team the winner.
Check out some of the photos below!
UPDATE: Our Idea Blitz made the local news - check out this short video clip with live footage and some of the ideas the students came up with!
-YB













