Purpose Pitch: New Venture Competition

The Coleman Entrepreneurship Center held the Second Annual Purpose Pitch Competition, a NEW new venture competition on May 3, 2018. This competition sets itself apart from others because we are promoting entrepreneurs to build what they believe with a purpose-driven business idea. We believe purpose is innate wishing any company and has to be accessed to reach its full potential. Current DePaul University undergraduate and graduate students, as well as alumni, were eligible to compete. After a competitive process, 4 startups were accepted to do a 5-minute pitch their business and purpose. Startups focused their presentations not only on the business model, but the overarching purpose and problem they are solving in society. A total of $25,000 in prize money was awarded to contestants.

This year’s purpose pitch winner was Ann Foley, Founder of 10th Avenue Tea. 10th Avenue Tea is the second green company founded by Ann, who also invented a reusable dry cleaning bag that was designed to eliminate plastic bags at dry cleaners.

 

Other contestants included…

Universala EsportsAn organization which focuses on finding the perfect balance between adrenaline-pumping video games in a competitive environment with a meaningful program backed by a curriculum that teaches young gamers social, interpersonal, and creative skillsets that go beyond the battlefield and into careers in communication, business, and technology.

The Furever Home Friends – An organization that uses the power of storytelling to educate kids about social issues, while also helping real dogs in need.

AK Prosthetics – AK Prosthetics is dedicated to providing affordable, comfortable and durable prosthetic limbs and devices to everyone regardless of skin tone or size. They empower people and build confidence through easily accessible and customized prosthetics.

Pictures by DePaul University/ Hillegonds, Kathy:

Special thank you to all of the sponsors that made the Second Purpose Pitch possible: Cedar Hill and Sheikh Faisal Center for Entrepreneurship in the Middle East

Chief of Staff at Mabbly Alex Blair and Bruce Leech Executive Director of the Coleman Entrepreneurship Center