MSMS Hosts First Annual Regions Business Plan Competition
March 20, 2018
On March 6, the Mississippi School for Mathematics Science hosted its first annual Regions Business Plan Competition, awarding teams of seniors with scholarships from Regions Bank.
The competition began back in August when Dr. Kayla Hester first informed the student body about the guidelines and rules for entering the competition, with the deadline for the first round of the competition in October.
After selection as the top five business plans, those groups went through sessions reviewing their plans and how to make them better.
On the night of judging, the first group to present their business plan was senior Gary Nguyen and juniors Hamilton Wan and Helen Peng. This group’s business was called “Meterwise” where they wanted to create and supply better meters to record and measure the amount of electricity or gas that you use so that information is more accurate and individuals are better priced.
“The business was largely a learning experience for me, and I am grateful for having had the opportunity to work alongside my teammates to develop an idea that we felt strongly about,” Nguyen described. “Along the way, I’ve come to realize the amount of commitment that entrepreneurship requires, and with startups being a potential route for me in the near future, I look forward to applying what I’ve learned, from developing our own plan and spectating others’ (amazing) presentations, to future pitches.”
The second group consisted of Alana Andrus and Gene Kloss. This group’s business was named “Musical Motivations,” in which they planned on implementing music into medicine.
The third group consisted of Griffin Stewart, Sydney Matriascano and Mariana Strawn, creators of Oodles of Noodles. This business would prepare better healthy noodles.
Daniel Smothers and Justin Cucuzza made up the fourth group, in which they would create customized pens; the name of the business would be Smothers Pens.
The final group was All or Muffin, created by Brianna Ladnier and Jackson Sparkman, who sought to create healthy sweets.
Each of the judges, Mr, Mounger, Mr, Wessel and Mr. Haynes, scored the teams and announced the three top places who would receive the scholarship money.
In third place was All or Muffin by Brianna Ladnier and Jackson Sparkman; they were awarded $750 each. In second place was Smothers Pens by Daniel Smothers and Justin Cucuzza where they were awarded $1,500 each. In first place was Oodles of Noodles by Sydney Matriascano, Mariana Strawn, and Griffin Stewart where they were awarded $3000 each.
The Oodles of Noodles team were humbled by their first plan win, “Speaking on behalf of the Oodles of Noodles team, we were so humbled to win. And over the mood excited! It was absolutely breathtaking to see our hard work to pay off, and we highly encourage everyone to participate next year,” Sydney Matriascano stated.
The first annual Business Plan Competition inspired rising juniors to want to enter and pursue the scholarship awards.
“I cannot wait to participate next year, seeing everyone on stage with their ideas and dream really inspired me to believe I can actually do it. It won’t be easy, I know but there’s nothing wrong with giving your all and trying especially when it’s a possibility of getting a scholarship!” Sidney Mason explained.