|DC Summer Youth Entrepreneurs Shine in Business Pitch Competition|
|Written by Administrator|
|Saturday, 07 August 2010 22:18|
On July 16, 2010, at the Martin Luther King, Jr. Memorial Library, the Department of Small and Local Business Development (DSLBD) presented the Summer Youth Entrepreneurship Experience Business Pitch Competition for the group of young entrepreneurs participating in the agency’s Summer Youth Entrepreneurship Experience.
Student entrepreneurs pitched their businesses to a panel of judges from DSLBD, Washington Area Community Investment Fund, DC Small Business Development Center and Network For Teaching Entrepreneurship (NFTE).
The business ideas and plans the talented and entrepreneurial youth shared with the large audience in attendance were centered around: customized origami; educational gaming; specialized products for cats; babysitting; a hair salon; shed construction; boxing as self-defense; a cleaning service; customizing shoes; and a place for teens to have fun.
At the pitch competition, the young entrepreneurs gave a three-minute pitch and answered judges’ questions and were rated on the following criteria: speaking ability; passion; feasibility of business; originality of idea; ability to handle the Q&A session smoothly; and financial literacy.
Julian Ozier’s business pitch for Imperial Construction earned the most points, making him the winner. Sindy Leon won second place for The Leon’s Optimus Cleaning Services, and there was a tie for third place between Lawrence “Cole” Jenkins for Atsumé and Nnenna Onwukwe for Panda World.
DSLBD’s Summer Youth Entrepreneurship Experience will culminate in a business plan competition on August 6 in the Citywide Conference Room at 441 4th Street, NW, which promises to be exciting and inspiring.