BABSON STUDENT BUSINESS RECONCRAFT WINS 2012 BABSON ENTREPRENEURIAL THOUGHT AND ACTION® MBA CHALLENGE

Graduate business RECONCRAFT is the winner of the MBA portion of the 2012 B.E.T.A. (Babson Entrepreneurial Thought and Action®) Challenge.

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Graduate business RECONCRAFT is the winner of the MBA portion of the 2012 B.E.T.A. (Babson Entrepreneurial Thought and Action®) Challenge, receiving a grand prize of $20,000 in cash and "services in kind" donations from corporate sponsors respectively.

RECONCRAFT is the first winner of the Graduate portion of the newly established Babson B.E.T.A. Challenge. Formerly the Douglass Graduate Business Plan Competition and John H. Muller Jr. Undergraduate Business Plan Competition, the B.E.T.A. Challenge is a business competition that recognizes major milestones student businesses have achieved by taking action.

Graduate Business Winner

RECONCRAFT – Jay Hoflich M’12

A leading manufacturer of custom shallow draft vessels built for military, law enforcement, and emergency response purposes.

Graduate Runner-Up Business

AltruHelp, Inc – Mathew Paisner M’12 (@altruhelp)

AltruHelp, Inc. is a social media platform & software toolbox for the community of responsible companies, individuals, and nonprofits who want to amplify their philanthropic impact to targeted stakeholders while expanding “shared value” connections & influence.

Spy Games – Joseph Draschil M’13 & Darshan Doshi M’13 A live action, choose-your-own adventure game where you are the hero and the game takes place around you and your team as you embark across your city on a series of missions - discovering clues, cracking codes, and hunting down the enemy.

Runner-up finalists received $2,500 and “service in kind” donations from corporate sponsors.

After having their applications reviewed by alumni evaluators from across the globe and participating in the Venture Expo (B.E.T.A. Challenge Semifinals), the winners were chosen on April 18 by a panel of alumni judges including entrepreneurs and investors. Criteria focused on major milestones achieved to date through taking action and credibility of future goals.

2012 Judges Graduate Challenge

Jill Cartwright M’07, Go Gaga

Romney Evans M’06, True Fit

Gerard Murphy M’08, Mosaic

Jessica Murphy M’06, True Fit

History

Babson College was the first academic institution to hold a business plan competition for students.

Each year, Babson alumni from around the world volunteered their time to evaluate student business plans. Based on their feedback, three finalists were chosen to compete in both the Douglass Foundation Graduate Business Plan Competition and the John H. Muller Undergraduate Business Plan Competitions.

The business plan competitions continued through April 2011.

Sponsors

The B.E.T.A. Challenge is sponsored by the Arthur M. Blank Center for Entrepreneurship, and Pepper Hamilton LLP: a multi-practice law firm with more than 500 lawyers nationally. The firm provides corporate, litigation and regulatory legal services to leading businesses, governmental entities, nonprofit organizations and individuals throughout the nation and the world.

 2012 In-Kind Sponsors are:

 • BizLand, Inc.

 • Larry Blumsack

 • Cummings Properties

 • EBC, Emerging Business Collaborative

 • Gray, Gray & Gray, LLP

 • MassChallenge

 • NUANCE

 • Plug and Play TechCenter.com

About Babson

Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds®. The College is a dynamic living and learning laboratory, where students, faculty, and staff work together to address the real-world problems of business and society -- while at the same time evolving our methods and advancing our programs. We shape the leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to create economic and social value. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought and Action® as the most positive force on the planet for generating sustainable economic and social value. For information, visit www.babson.edu.


By Barbara Blair, blairb@babson.edu , 781-784-3259 | 08/10/2012 06:00