Nov. 1 Event to Aid Student Entrepreneurs Seeking $10K Prize

Who’s going to win $10,000?

Palm Beach Atlantic University will get closer to the answer as the J.J.’s Entrepreneurs business plan competition kicks off its third year with an informational meeting at 11 a.m. Friday, Nov. 1.

Jared Stresen-Reuter (center) was the first winner in the J.J.'s Entrepreneurs competition. Here he speaks with Ray Titus (left), CEO of United Franchise Group, and UFG General Manager J.J. Prendamano. Palm Beach Atlantic University (PBA) is a private, Christ-centered college in West Palm Beach, Fla., USA.
Jared Stresen-Reuter (center) was the first winner in the J.J.'s Entrepreneurs competition. Here he speaks with Ray Titus (left), CEO of United Franchise Group, and UFG General Manager J.J. Prendamano.

Jared Stresen-Reuter, a 2012 graduate of PBA who received the $10,000 award in the inaugural J.J.’s Entrepreneurs business plan competition, and United Franchise Group student employee A.J. Titus will share details about the business plan competition at an open meeting in MacArthur Hall Room 1291.

All currently enrolled Palm Beach Atlantic University undergraduate day, evening and graduate students are eligible to enter. A screening committee, made up of local business owners and PBA staff members, will select the top two business plans in March. One business plan team will be awarded $10,000 and a second will receive $5,000 to launch their business ventures. 

Stresen-Reuter’s winning idea was for a social media website, Toodol, which allows its users to post local events telling, explaining and even showing details about that event in their area. Toodol launched in September 2012.

Junior pre-law major Jude Abeler was the recipient of the top prize in the 2013 J.J.’s Entrepreneurs business plan competition. Abeler’s winning idea was for a personal thought network mobile application called Thoughtree, which is now available in the Apple App Store.

UFG, a $500 million West Palm Beach franchise organization, established a partnership with Palm Beach Atlantic University in 2011 to help student entrepreneurs start their own business ventures by contributing, mentoring and funding. Called J.J.’s Entrepreneurs, the program was developed to encourage and teach students about the benefits of entrepreneurship and owning their own business.

Students participating in the competition are mentored by business leaders J.J. Prendamano and Ray Titus, who together have more than 75 years experience in franchise industries. The J.J.’s Entrepreneurs program was created to honor J.J. Prendamano for his commitment as a mentor who helps new owners become successful and thrive within the UFG franchise system.

The deadline for students to submit business plans is Feb. 21, 2014.