SAVANNAH, GA (WTOC) - Five Savannah State University business and engineering students placed second at the 2011 Opportunity Funding Corporation's Venture Challenge National Business Plan.
More than 300 students of 21 teams either from historically or predominantly Black colleges took part in the national competition, which is held annually in Atlanta.
The OFC Venture Challenge Program focuses on improving the entrepreneurship curriculum at historically black colleges and universities and allows students to hone the skills necessary to grow a venture successfully, according to SSU.
For the business plan competition, teams had to come up with a business idea, develop a plan, which included, operating, financial and manufacturing components. They then presented the plan to judges and had to answer questions from them about the proposal.
The SSU team developed a venture called PlumBco, a company that assembles and sells a tilt-sensor device that improves the accuracy in measurements of differential leveling surveys.
The SSU team was made up of: John Hudson, a junior marketing major from Marietta, Ga.; Vonnetta Epps, an MBA student from LaGrange, Ga.; Ericka Williams, a junior accounting major from Savannah; Rachel Raines, a junior marketing major from Alpharetta, Ga.; and Jeff Kesling, a senior engineering technology major from Savannah. Also on hand for the competition were members of next year's team: Antonio Polite, a sophomore marketing major from Beaufort, S.C.; Jonathan Hall, a junior political science major from Albany; and Sakina Middleton, a junior accounting major from Savannah.
The team was advised by Shalonda K. Bradford, a business management lecturer in the College of Business Administration, and Mohamad Mustafa, Ph.D., coordinator of the Civil Engineering Technology program in the College of Sciences and Technology.