The culminating party of the University’s Small business and Entrepreneurship training course, the Pompea Company Prepare EXPO and Opposition enables students across all majors to create organization strategies that examine actual-earth complications and pitch their suggestions to a panel of organization executives and experts.
June 16, 2021
College students in the College of New Haven’s “Business and Entrepreneurship” class (BUSA 1000) labored together in the course of the spring semester to design modern methods to handle serious-globe issues. They collaborated to build a business program, then pitched their thoughts to judges at the Pompea Company Plan EXPO and Levels of competition.
The groups, which included students from all sections of the class, introduced tips these kinds of as “The Golden Plate,” which captured to start with spot in the level of competition, and would give healthier foodstuff alternatives in retail spots at very affordable selling prices to very low-earnings and underserved communities. Judges also praised “Talos Headphones,” which would give wi-fi headphone charging, and “Healthier Minds,” which would give support and entry to a variety of wellness retailers via an app.
“This spring’s BUSA1000 learners definitely leaned into the entrepreneurial state of mind and exhibited adaptability, adaptability, and resiliency,” reported Brian Marks, J.D., Ph.D., study course coordinator and a senior lecturer in the Division of Economics and Organization Analytics as effectively as govt director of the University’s Entrepreneurship and Innovation Application. “The winners are emblematic of this attitude and represent learners throughout each and every of the tutorial colleges and colleges at the College.”
Abby Murphy ’24
“Business and Entrepreneurship” (BUSA) is an remarkable system run by a group of marvelous professors. During the course, we ended up assigned a semester-very long group task to make a startup business enterprise. My teammates and I created “Healthier Minds,” which is a psychological wellness app that offers various area assets for psychological wellness and wellness in the New Haven area.
The thought contains a hotline, Yale “Good Life” lectures, lectures from other Connecticut schools, counselors, a 24/7 live supportive chat, and tips to enhance your mental well being and wellness. The objective of the app is to make psychological wellbeing methods far more accessible for university pupils in the point out of Connecticut.
Towards the stop of the semester, my workforce pitched our organization to a team of “investors.” Every single day of competitiveness, we presented to a panel of judges that later on gave us important suggestions to improve our mental wellbeing application. By the time my group designed it to the ultimate spherical, our small business was as great as it could get. The consequence? Third place out of 30 groups.
I acquired how to create a startup enterprise and pitch it to attainable investors, which is beneficial expertise for my potential endeavors as I strategy to be an entrepreneur sometime. I’m genuinely very pleased of my staff and of all the things we completed this semester. I’m so grateful for this experience and for the capacity to get the job done in a crew ecosystem all through this time in our lives, in particular as opportunities have been confined due to COVID-19.
I’d like to thank all the professors who designed this party doable, such as Dr. Kosmidou, Dr. Marks, Dr. Jones, Professor Sacco, and Dr. Deal. I want to give a massive shout out to Dr. Jones for her insight and assistance all over this project and this semester. Thank you, thank you, thank you!
Ana Guillet ’24
Being enrolled in “Business and Entrepreneurship” and attending the Pompea Business enterprise System EXPO was a certainly memorable knowledge. Enrolled as a second semester very first-year college student, I found this to be the most immersive and worthwhile class I have experienced at the University. Taking component in the on-line opposition, hearing the creative company strategies that the other groups shared, and obtaining the emotion that my teammates and I experienced completed a ton contributed to my pleasure of the experience. Equally as critical was the existence of organization specialists as judges. This permitted me, along with the rest of my friends, to hear innovative perception on the initiatives that ended up pitched.
Whilst my group was not in the finals, I still took advantage of getting an energetic and thrilled audience member when it arrived to the EXPO. My group had produced a organization identified as “Bodies on Track” that makes it possible for clients to engage with private trainers above stay online video so they can get a exercise routine system based mostly upon what products or facilities they have obtain to.
In addition to improving bodily wellbeing, our business enterprise was centered on bettering mental health and fitness since we recognized that the brain and overall body are related. The get the job done that my crew attained during the semester taught me a great deal about management and how to handle and really encourage colleagues, which I believe that are useful techniques for the actual environment.
I would like to recognize my professor, Dr. Marks, for not just an exciting course, but also for how he hosted the Pompea EXPO. He actually built it a pleasurable practical experience by such as the audience and teams who did not make it to the finals. I would also like to thank the judges and other professors who put so substantially hard function into creating this function a single to keep in mind.
Andrew Haller ’24
If you experienced informed me at the begin of this course that I would finish up remaining a task leader, competing in the Pompea Small business Approach Expo and Opposition finals and capturing next put, I would have laughed. I by no means would have envisioned this to occur in the 2nd semester of my 1st year of higher education. This was built achievable by Dr. Kosmidou and my extraordinary team associates, John Watters ’22, Madison Rivera ’23, and Tyler Ruocco ’23.
The solution our “company,” “Talos Headphones” would provide is a bundle that comes with an induction charging headphone stand, induction charging headphones, and a cable to plug the headphone stand into the USB slot of your laptop or computer or an adapter. After plugging in the stand, to cost your headphones all you would have to do is relaxation them on the stand. It was a tiny, nonetheless handy innovation that hadn’t truly been performed right before.
I arrived up with the thought of induction charging headphones when conversing with a classmate in a independent class exercise. The training was about innovating on now current objects. Following wondering about what items I experienced utilized the most in the course of quarantine, I believed about my headphones mainly because all of my courses have been on the net very last semester. The 1st detail I thought of was how quick it was to overlook to plug my headphones in in advance of I went to mattress. I have a headphone stand I place my headphones on every night time, but I nonetheless neglect to truly plug them in. That led me to consider about the wireless chargers that both of those Apple and Samsung use. If telephones could use that kind of technologies, why could not headphones?
Right after executing some research, I identified there are few induction charging headphones on the marketplace, and those people that are out there ended up only recently launched. Which is when I knew there was a market marketplace for induction charging headphones that could be capitalized on.
Becoming a portion of the EXPO, whilst a minor stressful, was a ton of fun. As staff chief, I was in cost of delegating jobs to each individual team member, figuring out what periods all people was equipped to meet, along with choosing the way I assumed our concept should really go in. Becoming the chief of this team taught me that trying to get four persons collectively at the identical time is following to unattainable! Amongst finding out for other courses, finals, and owning to perform on projects for other lessons, getting a time with each other that operates for all four people in the group was a challenge that I was not anticipating. There had been many situations in which only a few out of the 4 group customers could in fact be existing for a assembly, and we would have to catch up the remaining member at a various time.
General, the EXPO celebration was a blast. Looking at the tips that just about every group arrived up with was actually intriguing. Some teams even had identical ideas but experienced greatly diverse executions. Even however Talos didn’t acquire property first, my teammates and I all experienced a good time and would compete yet again if given the prospect!
Megan Bodmer ’24
This semester, I experienced the honor of serving as project manager for my group, “The Golden Plate,” in the course of the Spring 2021 Pompea Small business Program EXPO and Competitiveness.
One of my most significant takeaways from the “Business and Entrepreneurship” class is how to go by the system of dilemma identification, finding a resolution, and creating a organization product. For the last job, I had the chance to go as a result of every single phase of the company growth course of action. The challenge started with analysis and developing our product. From there, my teammates and I concentrated on facts these types of as the financials of the operations, the supposed industry, and how we would sell to that market place. Once our information and facts was in area, the slide deck was made so that we would be in a position to successfully pitch our organization to possible investors.
In the course of every single phase, I utilized the expertise I acquired from class to build the organization model with my team. In addition, I also discovered how to be an successful challenge manager. My role needed management competencies these as communicating to a team, creating positive that duties had been accomplished in a timely fashion, and guaranteeing that just about every member was completely ready when it arrived time to existing.
The dilemma we concentrated on was foods insecurity. This wide idea intended that we had to slim down our possibilities so that we would be in a position to establish a distinct remedy. Every single member conducted study so that we could decide on a distinct spot to concentrate on. The area we observed that has high levels of meals insecurity was Jefferson County, Mississippi. With a certain spot in brain, we developed a food stuff retail outlet that would promote balanced and economical food items selections to this community.
Our company was influenced by our wish to “feed people how they are entitled to to be fed.” This catchphrase for our manufacturer is based on the principle of “The Golden Rule,” so we came up with the business title “The Golden Plate.” Just after presenting to our class, my staff progressed to the semifinals and we were being later on selected to take part in the finals. “The Golden Plate” been given suggestions soon after every single spherical that was very precious to our development as a group. It served us see the place sure parts essential some adjustments and how we could improve the supply of our slide deck.
After we finished presenting all through the Pompea Organization Program EXPO and Opposition, I felt incredibly happy of the work and difficult work that we all experienced place into this challenge. When the winners were being announced, I recall experience a wave of exhilaration and I could not halt smiling! It is these an honor that “The Golden Plate” was named the spring semester’s first place recipient.
By using this training course, I have been in a position to build precious competencies that I will surely be able to utilize in the future. This includes, but is not restricted to, how to work with a group, becoming a superior leader, communicating with others, conducting research necessary to make a enterprise pitch, adaptability, and how to existing substance to possible buyers.
As a to start with-year pupil, I took this system with the intention of discovering the ins and out of entrepreneurship. Right after my experience in the “Business and Entrepreneurship” program, I can validate that my know-how and expertise in the subject have been expanded drastically.
Abby Murphy ’24 is a organization administration major at the University of New Haven. Ana Guillet ’24 is researching activity administration, and Andrew Haller ’24 is finding out laptop science. Megan Bodmer ’24 is a tunes business major.