Salisbury, MD - Twenty teams of Salisbury University studentscompeted for over $10,000 in prizes to help fund their dreams asentrepreneurs.
The Bernstein competition gives competitors a chance to pitchtheir business plans to a room full of judges, similar to ABC's hitreality show Shark Tank. The first round was a poster competitionand rapid Q&A from judges. Next, 16 teams had 1 minute to pitchtheir ideas, and four minutes of questions in "The Gull Cage."
Lori Defnet, who created Chesapeake BioFuel said, "it was a lotof fun it was hectic there were judges everywhere but it was a lot offun." Ryan Nuzum, co-creator of Bounce described the atmosphere,saying "being in The Gull Cage is kind of intimidating, but overallit was a great experience I really enjoyed it."
The winning idea for 2014 was Bounce. It's an app designed toconnect bar and club owners to customers. The team is ecstatic tohave won, but they're glad the day long competition is over!
"I think the hardest part was, getting the team together anddoing all the time and effort. There were plenty of times we justwanted to stop and go to bed. But we cranked out the work and arehappy to be where we're at today."
Bounce won a total of$15,600 in prize money and mentoring services. Other honorablementions included a customizable pasta shop, deliverable Christmastrees, and a part-time job search engine for students.