GroupTable wins $12,000 in Business Plan Competition

Yesterday GroupTable won the annual UCF Joust Business Plan competition and $12,000. About 40 applicants submitted their business plans for the competition, the top 12 plans were selected to participate.

Last week these 12 teams presented in front of several investors & business leaders in the community. The top four were selected as finalists taking place yesterday April 11th, 2008. The top four who were selected as finalists were MPS technologies (A company proposing a customized insert designed for women shoes to ease the pain they feel when trying to squeeze into shoes just to look cute), Miami Cable (proposed a water park in Miami that uses cables to pull you around a track on ski’s…really cool idea), An Agriculture Bio Fuel company was the other finalist (proposing a program to convert algae into energy)and our venture, GroupTable (An online collaborative software venture tailored to meet the needs of high achieving students)

The finals judge were made up of extremely successful business leaders from across the country as well as investors. They were very receptive to GroupTable and enjoyed our presentation. We ended up winning first place, which not only included $12,000 but another free year in the UCF Technology Incubator, I say another because we actually won the competition last year as well with a different venture.

This time around is much more exciting for me because with this GroupTable we are so far along in product development that the $12,000 can help us immensely to grow accelerate our user and product growth to the point where we can get angel funding. It is all very exciting! There should be a lot more articles about GroupTable coming out in the near future I’ll keep everyone posted.

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Comments

  1. Congratulations on this win. Now your job is to build a great product and market it really well online. Best, David Meerman Scott

  2. I am a teen looking to start several business but i desperatly need funding. How do i find business plan competitions specifically for teens.

  3. I have never taken serious to write a business plan for my business, and I don’t like play the words or numbers, but my business do have some profit.

  4. If you are sure that you’ll make a or are already making a profit, spell it out for them. Show them how you’ve flourished and how you expect to grow in the future with this money. Obviously you don’t have to know every specific detail going into the distant future, since no one can predict what will happen with your business, but at least develop likely scenarios so you’ll be prepared for anything.

  5. Congratulations David.

  6. Obviously you don’t have to know every specific detail going into the distant future, since no one can predict what will happen with your business, but at least develop likely scenarios so you’ll be prepared for anything….

  7. If you are in a not good position and have got no cash to go out from that point, you would require to take the mortgage loans. Because it should aid you for sure. I take auto loan every year and feel myself fine just because of this.

  8. Congratulations Grouptable to win such a good price, thanks for sharing the info with us..

    Jacob Lee

  9. @Mike You make a great point

  10. I’m pretty sure I get what your saying

  11. Hi very cool post sharing and also very impressive all is share again by again…

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  13. @Stee can you elaborate on your point a bit
    high protein foods

  14. Hoeveel kan ik lenen? (hypotheek). Wat worden mijn maandlasten? (hypotheek) … Hoeveel hypotheek heb ik nodig? Hoe hoog is de boete die ik nu zou moeten

  15. Lenen Zonder BKR Toetsing Lenen zonder BKR toetsing stijgt in populariteit op het Internet. Veel mensen met een zogeheten BKR notatie, die toch geld willen lenen zijn op zoek naar …

  16. Well done to the applicants which won, they deserve their cash prize. 12 000 you gotta be happy with that

  17. That’s really cool you guys won that. what an honor.

  18. Congratulations David.

  19. Hoewel migraine op elke leeftijd voor het eerst kan optreden, begint dit type hoofdpijn meestal tussen de tien en veertig jaar. Bij de meeste mensen treedt

  20. Congrats on the award and good look on the venture!

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