Want to see who won the KLI ISA 2012 Competition? Click here.
What does it take to win? See the details below:
If you have any questions, please email Neela Rajendra, Director, KLI’s Entrepreneurial Initiatives (firstname.lastname@example.org).
The Innovative Start-Up Award was founded in 2008 by three young CMC entrepreneurs with the hope of inspiring innovation and risk-taking among their fellow students. The first award offered a prize of $10,000 and was operated as a beta test for Professor Conger’s class. The success of this primary program drew the support of Mr. Henry Kravis ’67, who invested an additional $15,000, bringing the award to a sum of $25,000.
The Kravis Leadership Institute took on the operation of the competition and expanded the application pool to the entire college in order to allow more students to participate. The award is presented annually to a CMC student or team who proposes a business venture with the intention of putting it into operation.
The winners of ISA ’12 was Erebos Games, LLC! The brainchild of CMC Sophomores Chad and Joe Newbry ’14, Erebos Games creates online flash-games that can be played and shared via social media sites and other online portals.
The Newbry twins are the defending champions of this competition. They took home the prize once before in 2011 with their company, Twins Shave Ice. The company seeks to bring shaved ice to events in Oregon and California that is both delicious and environmentally friendly.
Co-founder Chad Newbry said about their beginnings and where they got the initial idea for the business:
“It was fate. Actually it was more than that. We both didn’t like our prior jobs, lifeguarding, and wanted to do something different. We thought of a few different summer jobs we could do and realized that we had an ice shaver in the garage that our older brother had purchased, so selling shaved ice was the logical choice. The ice shaver is one of the largest initial costs of starting a shave ice business.”-Chad Newbry ’14
Hear the winners of ISA ’12 share their thoughts in this interview with KLI.