May 30, 2015 5:25 PM
DURHAM — Two teams from Souhegan High School in Amherst made winning business pitches in a competition for budding entrepreneurs a la "Shark Tank."
Souhegan's top group, Team ZiPPETS, won $4,500 at a competition held at the University of New Hampshire's Paul College, which hosted 12 teams from N.H. high schools for the second annual BizGen competition on Saturday.
Taking second place and $2,500 was Souhegan High School's Team Prestige. The funding is intended to help students make their entrepreneurial visions into reality, organizers said.
Team Lake Management from Bishop Brady High School in Concord came in third place and recieved $1,000.
The winning business idea from Team ZiPPETS involved zipping gloves to winter jackets to cut down on missing mitts, a project aimed at helping people in need while sustaining a school-based venture that would help students fulfill a school volunteerism requirement.
The second-place Team Prestige proposed a mobile app intended to help unknown musicians connect with and grow their audiences.
Team Lakeside Management came up with a plan to provide services from trash removal to shopping for vacationers staying in summer cottage on islands or other places that are hard to reach.
Leading up to the May 30 competition, the teams developed their ideas into business plans with the help of volunteer coaches and mentors from the business community. For-profit and non-profit business plans were judged on factors such as revenue, market share, change in conditions or social impact, organizers said.
“We believe that promoting entrepreneurship at the high-school level will help ensure the success of our economy and encourage the next generation of business leaders,”BizGen founder Ken Johnson said in a news release.
For more information about the competition and the organizations involved, go to www.Biz-Gen.org.
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