Students Take Top Prizes at Regional Business Plan Competition
Molloy's Mike Russo earned the top prize recently for the Long Island region in the New York State Business Plan Competition.
In addition to being named Best Overall, Russo earned top honors in the Products and Services category for his "Sticky Quotes." He designs post-it notes that feature inspirational quotes on a variety of topics. They are available in eight stores across Long Island and online at www.mystickyquotes.com. He won $5,000 for his accomplishment at the regionals.
Russo is one of three Molloy students who have advanced to the state finals. Lanier Mason earned top honors (and $2,500) in the Non-Profit category for "Gear Up, Play Hard," which collects used sporting goods equipment and donates it to high schools or sells it second-hand stores and then donates the proceeds to schools. Bobby Lenahan won the Healthcare category with "Hospital Heroes," which is a paper sleeve featuring superhero characters that covers IV infusion bags, making hospitals less frightening for small children. Additionally, Joe Doyle received good feedback for his trading cards business, which has been in operation for more than two years.
"These students are great examples of Molloy's approach to entrepreneurship," said Professor Aaron Foss, who teaches a class on entrepreneurship and also is the advisor for Molloy's Entrepreneurship Club. "We encourage students to develop their own business plans for products or services that they would actually like to sell, and the students have proven themselves to be among the best on all of Long Island."
In addition to Molloy, the Long Island Regionals included students from Stony Brook, Hofstra, and Farmingdale. This is the second year that Molloy has competed in the New York State Business Plan Competition.