Montgomery College Business Students to Host First Ever Raptor Tank
-- Student Entrepreneurs Will Pitch Business Ideas in Front of Seven Company Presidents for a Prize of $5,000 Seed Money
Students in the Gordon and Marilyn Macklin Business Institute, Montgomery College’s honors business program, will host the first ever Raptor Tank on April 1 from 4 to 6:30 p.m. in the Theatre Arts Arena on the Rockville Campus. Modeled after the Emmy award-winning Shark Tank on ABC, the winning student entrepreneur will receive $5,000 to start a business.
Finalists will pitch their ideas before a live audience and seven company presidents. They include XM Satellite Radio co-founder and owner of Yellow Brick Road Ventures LLC, Hugh Panero, and Kathryn Stewart, founder and managing director of Cranbrook Capital.
Other judges include: Kevin Beverly, president of Social and Scientific Systems; Peter Fleck, president of BMI Inc. and Armatho-Nesty Group; Bill Keating, president and COO of Bowie’s Inc.; Alyssa Lovegrove, associate director of the Entrepreneurship Initiative at Georgetown University’s McDonough School of Business; and Fred Schaufeld, vice chair of NEWAsurion, the world’s largest consumer product protection company.
Last fall, over 25 student entrepreneurs submitted business plans for review to faculty and staff. Eleven semifinalists were chosen for the next round which included workshops and advising on to how refine their business plans. The finalists will pitch a wide variety of businesses and services ranging from a music app to a mobile spa.
Audience members will also be able to vote for a favorite. The winner of this “popular vote” will receive $500. The event is free and open to the public.
Montgomery College is a public, open admissions community college with campuses in Germantown, Rockville, and Takoma Park/Silver Spring, plus workforce development/continuing education centers and off-site programs throughout Montgomery County, Md. The College serves nearly 60,000 students a year, through both credit and noncredit programs, in more than 130 areas of study.