Patriot Federal Credit Union has teamed up with the Hagerstown-Washington County Chamber of Commerce and Washington County Public Schools, in support of an exciting “Aspiring Entrepreneurs Competition” designed to help students understand how the free enterprise system works. Patriot is the prize sponsor, giving $2,500 to the first place winning business idea, $1,500 to the second place winner and $1,000 to the third place winner.
The competition called “LaunchGen” accepted student business idea applications through February 29 and ends on April 15 with a live audience competition and panel of judges, completing for three cash prize awards for the best and most unique business startup idea. Students pitch their ideas for an invention, product or service to a panel of in-school judges. The April 15 live competition will be held in the auditorium at Springfield Middle School in Williamsport at 6 PM.
Participating students can work alone or in teams and must present their business idea in three minutes or less and be prepared to answer questions from the panel of judges. The format is very similar to the television show “Shark Tank” where entrepreneurs present their business concepts to potential investors.
Participating schools include: Antietam Academy; Barbara Ingram School for the Arts; and Boonsboro, Clear Spring, Hancock Middle-Senior, North Hagerstown, Smithsburg, South Hagerstown, Washington County Technical and Williamsport high schools.
“An important core value at Patriot is good citizenship, and so supporting the Aspiring Entrepreneur competition, is a natural fit for us,” said Brad Warner, CEO of Patriot. “We are excited to be a corporate sponsor for this unique competition and look forward to seeing the students grow and use their creativity and imagination to come up with innovative business creation ideas. It’s a win-win for everyone involved.”