“Open to nonprofit organizations planning to start new ventures that will benefit society.”
I am currently involved in the Hogan Entrepreneurship program through Chaminade University. The program offers one and two year certificates in entrepreneurship for juniors, seniors, and MBA students across the island. Every two years, the program partners with American Savings Bank to run a nonprofit business plan competition in the community. Any new venture (within the last twelve months) located in Hawaii is eligible to apply. To apply, the nonprofit must submit a full business plan. The business plans will then be evaluated – eight finalists are then selected to pitch a panel of judges in the final round. Typically, the competition receives between 30-50 applicants.
1st Place $12,000
2nd Place $8,000
3rd Place $4,000
4th Place $2,000
Finalists $1,000 each
While working at BoxJelly last year I was able to meet a lot of really smart and interesting people in the community. One of these people was David Aquino. We had the opportunity to chat a bunch of times about working on a bike sharing program for Honolulu – a business plan that I was working on at the time. The Honolulu Transportation Department is planning to implement a bike sharing program alongside the implementation of the new rail system – unrelated to our discussions.
David pitched a nonprofit, WEfficiency, at last year’s Startup Weekend (an annual competition giving entrepreneurs 54 hours to pitch an idea, recruit a team, and produce a minimum viable product). He continued to work on the nonprofit over the course of the past couple months under Blue Planet Foundation. Blue Planet Foundation is led by Henk Rogers – owner of The Tetris Company (yes, that tetris).
David reached out to me a little while back to put together a business plan for their nonprofit. I was happy to assist in any way possible. The business plan was selected as a finalist, ensuring $1,000 to the organization, and the opportunity for $12,000. The business pitch is tomorrow afternoon at the Pacific Club. Wish us luck!