The Community College of Baltimore County’s Center for Business Innovation (CBI) held its final round of the seventh annual Business Plan Competition Feb. 1 at CCBC Catonsville.
CBI awarded $62,500 collectively to young entrepreneurs seeking startup capital for their fledgling businesses. In its seventh straight year, this has been the largest monetary prize available thanks to a more than $1 million grant from the Philip E. and Carole R. Ratcliffe Foundation.
In addition to the start-up capital to support entrepreneurs, the grant provides instructional support to develop new courses and workshops to strengthen the business acumen for those interested in starting a new business.
This year’s first-place winnings went to Baltimore residents Nichelle Roane and Todd Sheridan, owners of TreeHouse Juicery, an online juice company that produces and delivers cold-pressed juices to residential and commercial customers. Their winning pitch garnered them $20,000 from the Business Plan Competition. Kwame Kuadey, CEO and founder of Thrive Company who successfully pitched his startup “Gift Card Rescue” on the debut season of ABC-TV’s “Shark Tank,” was the event’s keynote speaker.
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