The Group Table team was selected as finalists in the Nascent 500 Business Challenge. We are representing UCF and will be flown to the competition in Indianapolis taking place March 29th. You can find more information about the competition by following the link here http://www.bsu.edu/entrepreneurship/nascent500/
Over 40 schools entered teams that submitted their business plans to be reviewed. We were notified in mid February that we were selected as finalists to present our venture GroupTable. The really cool thing is that we will present our business idea to a group of investors while sitting in the back of a limo going around the track at the Indianapolis 500.
The winner will get $10,000. I am very excited to hear feedback from the judges/Investors. We are at the point where we are about to seek angel funding to accelerate our products development and grow our userbase. I have found that business plan competitions that I have participated in previously have provided extremely useful information and have been a truly invaluable experience.
I will keep this blog updated to let everyone know how the competition went.
There is a really cool collaborative software application that we created and released called GroupTable. GroupTable empowers college students by allowing them to manage all of their academic interactions, group projects and study groups in one place. GroupTable increases student’s efficiency, saves them time and helps them get better grades by maximizing the power of their group interactions and bringing them conveniently online the way our generation likes to work.
Many students are often involved in organizations, work, have an active social life, are taking a full course load and much more. Finding time to meet with a study group or a group project team can be very challenging. Group Table allows students to meet with their groups just as if they were all together. Students can collaborate in real time or post discussions openly at the class level, or privately within their group. Students can also store files in their personal binder for easy access any where online or store them in their group binder to share with other group members. It’s definitely going to be a hit amongst the college crowd.