As part of a required yearlong course, all first-year Babson College students are given the assignment to develop and then run a business during the spring semester.
These 19 new businesses were recently launched as part of the Foundations of Management and Entrepreneurship course (FME), a 7-credit immersion into the world of business.
Nineteen teams─of up to 30 students per venture─invent, develop, launch, manage, and liquidate a business. Along the way, they immerse themselves in entrepreneurship, marketing, accounting, organizational behavior, information systems, and operations. Babson provides up to $3,000 per startup which is repaid after liquidation of the business at semester’s end.
Students within each business donate 8-10 hours, along with all profits, to a local community service agency of choice. Agencies supported by FME businesses have included Special Olympics, Habitat for Humanity, Fidelity House, Cradles to Crayons, Boys and Girls Club, and Wellesley Housing Authority. Since the program began in 1999, more than $430,000 has been donated to local charities.
2013 FME Businesses
Audire is an iPhone accessory business that sells a custom-made kit with five iPhone accessories. These include an iPhone amplifier, headphones, touch gloves, external battery, and a USB cable to connect the iPhone to a computer. Customers choose the color of each product and whether they want the Audire Kit for their iPhone 4/ 4s or iPhone 5.
Audire on Facebook
Babson Marketplace is an online store where various FME companies list their products for sale. The homepage will have the names and logos of different FME businesses and link to their respective personalized online stores created by us, as well as various advertisements and information/events that relate to the Babson Community.
@baboMarketplace on Twitter
Babson Marketplace on Facebook
Bands with Benefits
Bands with Benefits sells a high-quality, eco-friendly, American-made bracelet. For every purchase, the company will send a cold weather care package to a child in need. One band, one glove, one hat, one scarf, one soul.
BedShelf provides a shelf that attaches to any bed post and is a safe and convenient place to store your essentials while you sleep.
@BedShelf1 on Twitter
BedShelf on Facebook
BedShelf on YouTube
BluClear Solutions provides a safe, clean, and efficient alternative to water-inefficient methods of container sanitation, thereby encouraging healthy and environmentally conscious lifestyles.
Buzz Builders mission is to help businesses succeed and grow by attracting new customers and developing a community of loyal customers. Buzz Builders creates online as well as traditional offline promotional tactics.
Buzz Builders on Facebook
College Connect is a service-based business that creates opportunities for individuals to meet new people by offering two unique services, Event Planning and Event Notification. The Event Planning service will plan five events throughout the course of the business, where our in-house DJ will mix at, creating a club-like environment for a small admission fee.
COZI sells reusable and customized cup sleeves to prevent heat or cold from hurting a person's hands. COZIs have pockets to hold things such as tea bags or packets of sugar.
Creatify Me provides clear iPhone cases with two customized, interchangeable inserts which are vinyl sheet tailored to fit in between the phone and the case. The customer has the ability to design their inserts through our website. We also will sell additional inserts to supplement the original purchase.
@CreatifyMe on Twitter
Creatify Me on Facebook
Fresh Bites is a business that works to promote its final event in March. Local, sustainable restaurants will give out samples of their food while promoting their own business. There will be multiple vendors that sell green, eco-friendly products. There also will be a series of interactive events to educate the public on how to implement sustainability into their lives.
@EatLearnSustain on Twitter
Fresh Bites on Facebook
Life Loop is a fashionable USB bracelet that can be used as a substitute for a smartphone charger. It is available in 23 styles and is compatible with all smart phones.
@BabsonLifeLoop on Twitter
Life Loop on Facebook
MixItMug is a self-stirring mug which mixes your beverage with the press of a button. Instantly mix your coffee, tea, or hot chocolate with milk and sugar, or make a quick protein shake.
@MixItMug on Twitter
MixitMug on Facebook
MixItMug on YouTube
myIMPAX markets the social missions of businesses in order to drive new, loyal customers to their stores. Companies sponsor digital cards stored on passbook that are distributed to consumers through social media, email and websites. When consumers complete the social action and share it, they earn rewards to these companies.
@MyImpax on Twitter
myIMPAX on Facebook
Night Glo is a glow in the dark apparel company. We sell T-shirts, hooded sweatshirts, and lacrosse pinafores (pinnies) whose inks glow-in-the-dark. We also offer glow in the dark sunglasses.
@Night_Glo on Twitter
Night Glo on Facebook
OneCase sells iPhone cases with drawer-like enclosures that can hold anything from one’s OneCard and room key, to credit cards and money in a practical, protected manner. Cases are sleek and stylish, and offered in three colors to fulfill our consumers’ desires and made of hard, waterproof plastic.
@OneCase1 on Twitter
OneCase on Facebook
OneCase on YouTube
Punch It connects small businesses to their customers through a mobile apps-based loyalty program. No more pesky cards in your purse or wallet; Punch It is the replacement for your buy-10-get-1 free punch cards.
Punch It on Facebook
Reel 'EM provides a product that is a universal spring-loaded head phone winder. This winder allows you to get rid of tangled headphones and to keep up with easily lost headphones.
Reel 'EM on Facebook
Smart Charger sells a universal, portable charger that can charge Smartphones, MP3, MP4, PSP, Digital cameras, and GPS devices.
@SmartCharger on Twitter
Smart Charger on Facebook
Stickah is a small gel-like sticker that attaches to the front or back of an iPhone. The outer side of each Stickah is made of a soft foam substance that allows users of the product to peel off the Stickah and clean both the front and back screens of the phone.
@Stickuh on Twitter
Stickah on Facebook
By Barbara Spies Blair |
2/28/2013 2:30 PM