Business Pitch Competition
|Lock Haven University (LHU) business students won first, second, and third place awards
in the Small Business Development Center (SBDC) Business Pitch Competition Finals
held at the Pennsylvania College of Technology, in Williamsport, PA, on November
18, 2015. Using the newest business pitching and planning software, LivePlan, the
students created a business idea, documented market research, forecasted financials,
and developed an actionable business pitch. From the 42 participants, 10 finalists
(either individuals or in pairs) were selected to give a 30-minute presentation of
their business idea to a panel of judges that included Halle Niklaus, Vice President
of Citizens & Northern Bank, Stephen Brion, President of Light Shield LLC, and Antonio
Leta, Director of US Small Business Administration. In addition to the SBDC and
LivePlan, event sponsors included First Quality, First Citizens Community Bank, Pennsylvania
College of Technology, Covation Center, and Citizens & Northern Bank, providing funding
for cash awards given to the top three contenders.
“This is a great accomplishment, and I am extremely proud of my students. The Pitch Contest challenged them to step outside conventional-based academic work, take a big new idea, passion, and innovation to create superior business plans that will have an impact on their future career,” said Dr. Sut Sakchutchawarn, assistant professor and instructor in the Entrepreneurship class at LHU.
Among the winners were Emily Embick and Ming Hsuan (third picture on right) who won the $1,000 second place prize for their FOYO business plan. Nicole Creamer and Lisa Bauer (fourth picture on right) won the $500 third place prize for their FUN – Friends.Unique.Natural business plan. In addition to the six winners, the following students participated in the final round of competition: Jacob Field, Shannon Bissnette, Cody Ferrara, Joseph Dicello, Caitlyn Kovach, Blake Walker, Andrew Marshall, Austin Scitti, Sean Ott, and Cassidy Novotny.
"Preparing for events like this competition engages all of our business students in learning more about taking a business idea from conceptualization to commercialization using cutting-edge technologies in the field,” remarked Dr. Cori Myers, LHU’s department chair for business and computer science. “Pitching ideas to the distinguished panel of professionals gives students valuable experience that sharpens communication skills, develops critical thinking skills when responding to pointed questions, and deepens their understanding of how to succeed in business. This competition, in addition to many other learning experiences, represents why LHU’s business program offers More Than a Degree. It offers real-world experience."