Finalists from three Pennsylvania State System of Higher Education (PASSHE) universities will pitch their original business plans in the annual State System Startup Challenge.
Students from California University of Pennsylvania, Kutztown University and Shippensburg University will compete for a top prize of $10,000 and second- and third-place prizes of $50,000 and $2,500 respectively.
The students will be able to use the funds to support their start-up or expand their already existing business, PASSHE wrote in a press release this week.
The finalists were whittled down from nearly 60 students and student teams from across PASSHE.
“Educating and supporting student entrepreneurs is a priority for State System universities, and these amazing finalists demonstrate the innovation coming from our students and supported by our faculty,” said Board of Governors Chairwoman Cynthia Shapira. “Several past winners have launched their own businesses from the ideas born of this real-life experience, and I look forward to the new businesses that may emerge from this year’s competition.”
The finalists include:
Judging the event are: Laura Haffne, senior vice president and region bank president for the Greater Pennnsylvania Region for Wells Fargo; Matt Lutcavage, vice president of team experience and chief human resources officer for The Giant Company; Manny Mar, vice president for Bank of America; Mary Oliveira, chief membership officer for the Pennsylvania Chamber of Business and Industry, and Nandish Patel, founder and CEO of Phoenix Nexus in Bucks County.