Sports and technology proved to be a winning combination for aspiring business owner Kamrun Samadnejad, who received first place in the Rinker School of Business Entrepreneurship High School Business Plan Challenge at Palm Beach Atlantic University on Thursday.
|Rinker School of Business Dean Dr. Leslie Turner (left) and PBA Provost Dr. Joseph A. Kloba (right) present a check to Seacrest Country Day School student Kamrun Samadnejad for his first-place entry in the 2014 Rinker School of Business High School Entrepreneurship Business Plan Challenge.|
|Spanish River High School student Matthew Pohl receives the second-place prize in the business plan competition at Palm Beach Atlantic University.|
Samadnejad, a student at Seacrest Country Day School in Naples, received top honors for Real Time Sports, an “automated broadcasting website that will use RFID (radio-frequency identification) technology to capture and record gaming events,” according to the winning business plan.
The fledgling business aims to broadcast sporting events around the clock and will offer subscriptions to fans of middle school, high school and college sports, according to the proposal.
The young CEO earned $1,000 to invest in his business. This is the third year of the competition, which drew student teams from nine Florida high schools.
In last year’s competition, Samadnejad received third place for a product he developed called The Vault, a type of cell phone software that disables the user’s phone for safety purposes while he or she is driving.
This year’s second-place recipient of $500 was Matthew Pohl, whose business, Bitquity, is a mass micro-equity bitcoin mining farm. Bitcoin mining is the encryption and processing of the electronic currency bitcoin. Pohl attends Spanish River High School in Boca Raton.
Business partners Darlyn Perez and Brandy Borges of the Lorenzo Walker Institute of Technology in Naples earned third place with their concept for Bee Organic, a company that sells organic and environmentally friendly honey.
The competition takes place in two rounds. Rinker School of Business faculty judged the first round and selected five finalist teams from the 22 participating teams. The business professionals who served on the panel judged the five finalists and determined the first-, second- and third-place teams.
“It is so inspiring to see these students have terrific business ideas and to present them in a compelling fashion,” said Dr. Leslie Turner, dean of the Rinker School of Business. “The quality of the business plans, and the professional manner in which students presented the plans made it very difficult for judges to make their final choices.”
Serving as judges for the competition were Peter F. Bono, president of Peter F. Bono Wealth Planning Solutions Inc.; Bob Banting, president of Anderson & Carr Inc.; Chris Callahan of Startup Palm Beach; Mark Davis, vice president, senior private banker, BMO Private Bank; Scott Roads, senior vice president, Northern Trust Company; Misty Travani, partner, Travani & Richter; and Rita Weller, owner and president, The Danica Group.
This year’s luncheon speaker was PBA alumnus and entrepreneur Nick Mohnacky ’06. Also during the competition, students had a chance to participate in a giveaway for an iPad and other gifts.