Unique Course Enables Students to Explore Entrepreneurialism
As part of the Universityâs âIntroduction to Business and Entrepreneurshipâ course, more than 100 students of diverse majors gained real-world șÚÁÏÉç creating a business plan and pitching their ideas to a panel of judges and to their fellow Chargers.
May 20, 2022
By Renee Chmiel, Office of Marketing and Communications
Dean Brian Kench, Ph.D. (left), and the team of students that developed âSmall Footprint.â
Since Anthony Klymenko â25 was a kid, he has wanted to be an inventor. He had the opportunity to put his passion for innovation to the test during the spring semester while developing his entrepreneurial skills as part of a unique class șÚÁÏÉç.
As part of their âBUSA 1000: Introduction to Business and Entrepreneurshipâ course, Klymenko and his classmates focused on helping to address the problem of cruise linesâ plastic waste. They developed a company, âProxy Plastics,â that would offer an efficient and cost-effective way for cruise lines to compress plastic waste into filament for 3D printing â which could then be sold for a profit. Proxy Plastics would offer cruise lines a commission as an incentive.
âCruise lines throw a lot of trash into the oceans, and we wanted to help with that,â said Klymenko, a finance major. âWe also wanted to turn a profit, and weâd do that with 3D printing, which has just exploded.â
Klymenko and his teammate Kaan Karaguney â25 recently shared their project with the University community as part of the Pompea Business Plan Expo. They shared their poster, which outlined the plastic waste problem, how they endeavored to solve it, and their sales and marketing plan. They also discussed the companyâs projected financials and its competition, answering questions from attendees and judges.
âThis has been a great șÚÁÏÉç,â said Karaguney, a psychology major. âI was always an athlete, a kid who was into sports, and this gave me the opportunity to learn about business.â
Anthony Klymenko â25 (right) and Kaan Karaguney â25 shared their âProxy Plasticsâ poster at the expo.
âIt was very excitingâ
The culminating event of the Universityâs âBUSA 1000: Introduction to Business and Entrepreneurshipâ course, which is open to students of all majors, the expo was an opportunity for students to present their business plans. During the course of the semester, more than 100 students in two dozen teams collaborated to develop a business concept that would have a positive environmental impact. The expo included the final round of the pitch competition, in which the four top teams pitched their businesses.
Charlotte Bassett â25 and her classmates developed a âUniversity of New Haven-based Uber,â of sorts. Their company, called âCarriage,â would enable students to offer rides to other students. As part of their research, they explored critical elements of ensuring the companyâs success, such as studentsâ safety and financial requirements, and they believed the concept was feasible. Carriage, which was among the final four teams, captured first place in the competition.
âWe hope Carriage could be a way to build community among students,â said Bassett, an accounting major. âI got so much out of working on this, and it was very exciting to share our company as part of the competition.â
Charlotte Bassett â25 and her teammates created âCarriage,â and they will have their names added to the Pompea Business Plan Expo Cup.
âA very unique programâ
The expo brought together students from all six sections of the course, as well as their professors and members of the University community. It enabled them to gain meaningful șÚÁÏÉç presenting their posters and delivering their pitches to a team of judges â including Josephine Moran â01 M.S., â19 EMBA, chair of the Pompea College of Business Advisory Board and a member of the Universityâs Board of Governors.
âItâs a very unique program,â said Moran, president and chief banking officer for . âStudents get to create a business plan during their first year at the University. Thatâs big, and it sets the tone for the rest of their time as Chargers.
âThis is a great opportunity for students to practice their presentation skills,â she continued. âIt is so important that this is interdisciplinary because business incorporates every field.â
âGrass Cowâ captured first place in the poster competition.
âWhat being an entrepreneur is all aboutâ
As part of the expo, the winners of the poster contest and the pitch competition were announced, and the students were presented with awards. Among the studentsâ business ideas was a company that would provide clean water for people in Africa and one that creates solar-powered windows.
For Jack Quander â24 and his teammates, their focus was on solar panels. Specifically, they endeavored to create a self-cleaning solar device to improve the efficiency of solar panels. Their company, âCali Clean,â captured second place in the pitch competition. Quander, a business analytics major, says the course was a great learning opportunity.
âSome people might think entrepreneurialism is easy â it isnât,â he said. âProfessor Maguire helped guide us, helped us improve, and showed us what being an entrepreneur is all about.â
Jack Quander â24 (second from right) and his teammates developed âCali Clean.â