Business Model Competition 2020

More than 100 students participate in virtual entrepreneurship competition

The global pandemic did not put a damper on the entrepreneurial spirit of 142 TU students who competed in the university’s largest annual entrepreneurship showcase—the Business Model Competition. 

Hosted virtually throughout March and April, the competition challenged students to present their business and social entrepreneurship ideas. Participants had to develop and articulate their value proposition, customer segments, revenue streams, key activities, key resources, cost structure and more. 

The competitors recorded and submitted short video pitches, which were reviewed by a panel of faculty judges. A total of 95 pitches were made, and 2were selected for the final round, where participants presented their business models live in a virtual meeting.  

Luke Marrone, a senior majoring in business administration/entrepreneurship, took first place and $3,000 for Ravens Rescue, a company that offers fully customizable tailgate parties for Baltimore Ravens home games utilizing a decommissioned ambulance that has been restored into the ultimate tailgating vehicle.

Joe Scharf, also a senior majoring in business administration/entrepreneurship, placed second and took home $2,000 for What a Find Thrift, an online reselling company that offers high-end and vintage preowned men’s clothing.

“We take the time to search, so our clients can spend more time finding the perfect piece of clothing to complete their look,” said Scharf.

Communications Major Isabella Italiano placed third for her idea, Track It!, a discrete adhesive tracking strip for bikes, skateboards, and scooters, designed to send GPS signals directly to an app on your phone and give you peace of mind knowing your valuables are safe.  Italiano won $1,300 for her business.  

“I’m really thankful for the opportunity to participate in my first competition and be able to further my company and I can’t wait to see where it goes from here,” she said.

In addition to prize money, all three winners were offered consulting packages at their choice of select partner incubators in the region. 

The judges were impressed not only by the students innovativeness and passion for their ideas but also how well they pivoted to presenting their ideas virtually instead of in person.

Business Model Competition Spring 2020 Finalists

Adeola Ajani, Equal Wealth 

Julie Atayi (along with Ashley Groff, Kayla Wolf, Tayler Person), Dorm U 

Erik Chaney, TPMS 2.0 

Ryan Dieter, Inspire Agency 

Saj Dillard, WHOLE 

Nicole Gomez, TU Fit 

Colin Hartleib, Friendly Neighbor Services 

Adrianna Holocker, We Care Period 

Isabella ItalianoTrackIt! (Third Place) 

Muinat Lawal and Kelsey Mangin, SAS (Students Against Spiking) 

Eiam Lomash, Family Farms 

Olivia Lubarsky, Own Your Roar 

Luke Marrone and Dagim Minale, Ravens Rescue (First Place) 

Jake McLean, Super Suits 

Tori Nicholson, MADVA  

Ayanna Perry, Inevitable Criminal 

Tayler Person, Brand Smart 

Curtis Phillips, Brighter Residential Redevelopment 

Roland Roberts and Norris Miller, Spread Management 

Joe Scharf, What A Find Thrift (Second Place) 

Megan Spears, Comfier 

Darian Street, Sticky Flys 

Brittany Yeahl, Stitch Back