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FAU Business Plan Competition winners annnounced


FAU photo

Florida Atlantic University’s Adams Center for Entrepreneurship and the College of Business, along with the Research Park at FAU, today announced the winners of its 2014 FAU Business Plan Competition that culminated April 11. According to its press release today, more than 250 registered teams comprised of FAU students, members of the business community, alumni, and the Greater Boca Raton’s Young Entrepreneurship Academy students, competed for a share of more than $200,000 in cash and prizes.

Sixteen teams advanced to the final round of events. Teams submitted their plans in one of two categories: the Entrepreneur Track, which was designated for alumni and members of the business community-at-large; or the FAU Student Track, which was open only to current FAU students. The Greater Boca Raton Chamber of Commerce’s Young Entrepreneurs Academy (YEA!) Investor Panel featured students in seventh through 12thgrades, who developed legitimate businesses and pitched to investors for seed funding. 

The YEA! Investor Panel scholarship winner was Matthew Pohl, a junior at Spanish River High School in Boca Raton, for his enterprise, Bitquity, a mass micro-equity bitcoin mining farm.  As winner of the YEA! Investor Panel, Pohl advances to the regional Saunders Scholars Bright Ideas College Scholarship Competition to be hosted at FAU on Friday, May 16.  The winner of the regional round will advance to the national competition for the opportunity to win a $30,000 scholarship.

The FAU Student Track winner, receiving $17,000 in cash and $19,190 in prizes, was FAU student Jan Bednar for his company BedaBox.  Originally from the Czech Republic, Bednar provides a solution for international shoppers who wish to purchase online from companies in the United States.  BedaBox uses a sophisticated software application to help people overseas purchase via any form of currency.  In addition, BedaBox customers can manage their shipping via an easy to use dashboard.

The Entrepreneur Track winners of the competition, receiving $17,000 in cash and $17,790 in prizes, were Tim Clark and Bill Cummings for their company, Modulux Lighting, a company that turns light into money by leveraging patent pending technology to provide more light with less energy.  Modulux Lighting has engineered and commercialized LiteBlox, a portfolio of LED lighting fixtures positioned to service the lucrative commercial LED market.  Both Clark and Cummings are graduates of the FAU Adams Center for Entrepreneurship’s Entrepreneur Boot Camp certificate course.

There were 2nd and 3rd place awards as well. Read about all the winners and more about the competition here: www.business.fau.edu/bpc.

Posted May 8, 2014