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Team Takes First Place at Business Plan Competition
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Sarah & David Greenshields Photo courtesy of the University of Montana
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A Montana State University College of Business team nabbed first
place in the 18th annual John Ruffatto Business Plan Competition
at the University of Montana in Missoula, Montana. The
competition showcases the entrepreneurial aspirations of college
students across the state.
Sarah Greenshields (Business Management) and David (Media &
Theater Arts), a husband and wife duo, competed against 25 other
teams from across the state. They came away with first place in
the Undergraduate Business Plan category, second place in the
High Growth Potential division, as well as the People's Choice
Award. Additionally, Sarah Greenshields won the Brandon Speth
Award for exceptional passion and vision.
Joe Long, the team's advisor, commented on the current MSU
College of Business program. "MSU COB students should feel very
fortunate to have such a great program. It is not every
undergraduate business program that offers its students the
chance to present and think on their feet as very challenging
questions are thrown at them in front of a business-savvy
auditorium audience of hundreds."
The John Ruffatto Business Plan Competition, which has been held
for 15 years, has become one of the premier entrepreneurial
events in Montana. More than 40 businesses have been started by
the competition's participants, seven of the 40 in the last two
years.
This spring, 26 teams with viable business ventures sent in their
business plans to participate in the event. The competition was
fierce and only 15 of the 26 teams moved on to the semi-final
round where teams were asked to make a 15 minute presentation and
field 10 minutes of continuous questions and answers.
Semi-finalists were judged by a prestigious panel that ranged
from venture capitalists and bankers to successful entrepreneurs
and corporate executives. Over 250 business professionals and
community leaders were present to watch these teams compete this
year.
The Greenshields' company, Genre & Mode, specializes in handbags,
organizers and insulin pump carriers for diabetics. As a
diabetic, Sarah utilizes these products and has brought a more
personal and fashionable touch to their design. The products
currently on the market are designed by medical device engineers
and have a very clinical appearance. Sarah stated that Genre &
Mode's products are so fashionable that customers who aren't
diabetic will be purchasing these bags. The marketing
opportunities for Genre & Mode products were made very apparent
during the competition's final round when Sarah pointed out the
appeal for Genre & Mode products. When asked about the current
competition and whether or not their products were clinical or
fashionable, Sarah paused momentarily, looked back at the
audience with a huge smile and said, "Their bags (the
competitors) are bright red and have a big red cross." The
audience broke into laughter and applause.
Several prototypes of these products have already been designed
and sewn. They are currently being market-tested by diabetics.
Joe Long believes that Genre & Mode will succeed. "Sarah is very
competitive and driven. I have confidence that this venture will
succeed." With the market wide open and production beginning late
2007 and early 2008, the future for Genre & Mode looks bright.
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