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The 2017 Veale Venture Challenge
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The 2017 Veale Venture Challenge

Contact:
Cynthia Bailie
The Veale Foundation
Phone: (216)255-3179
Email: cbailie@vealefound.org
30195 Chagrin Blvd., 310
Pepper Pike, OH 44124

Press Release

Veale Youth Entrepreneurship Forum students pull out all the stops at annual business competition.

Cleveland, April 25, 2017: Veale Youth Entrepreneurship Forum convened some 120 students and educators from sixteen Cleveland-area high schools for the fifth annual Veale Venture Challenge, held at the Tinkham Veale University Center on the campus of Case Western Reserve University in Cleveland, Ohio. The Veale Venture Challenge is an entrepreneurship competition where participating students develop business ideas into plans and pitches and vie for prizes by presenting to judges.

Working solo or as a team, the Challenge requires students to develop a comprehensive business plan for an enterprise that can be started for $7,500. Startups ranged from healthy snack companies, subscription boxes and advertising solutions, to wearable tech and custom apparel. The sixteen participating startups, all of which won the business plan competitions at their respective schools, represented Beaumont School, Benedictine High School, Chagrin Falls High School, Cuyahoga Falls High School, Gilmour Academy, Glenville High School, Hathaway Brown, Horizon Science Academy Cleveland High School, Laurel School, Magnificat High School, Montessori High School at University Circle, Willoughby-Eastlake School – Northern Career Institute, Saint Edward High School, Saint Ignatius High School, Walsh Jesuit High School, and University School.

Cynthia Bailie, executive director of the Veale Youth Entrepreneurship Forum, commented that each year it is gratifying to “watch the growth in knowledge, confidence and skill as students go from early ideas to school semifinal competitions to final presentations at Demo Day. High school founders in Northeast Ohio never fail to impress with their amazing ideas and fearlessness.”

Students competed for first, second, or third place as well as two honorable mentions. Students were awarded cash prizes, trophies, and certificates.

Winning businesses were presented by:

  • Matthew Locker, Rahil Shah, and James Sheeler from University School, took home first place for their business BOA Bracelet, a tri-colored braided charging cable bracelet.
  • Reagan Hardy from Magnificat High School, took home second place for her business Babysitter in a Box, a kit sent to your door that contains all of the essentials a babysitter could ever need.
  • Matthew Stauffer from Benedictine High School, took home third place for his business, 21SOX, custom-made and personalized socks.
  • Kathryn Coughlin, from Walsh Jesuit High School, was awarded an Honorable Mention for her business, The CoSkin, a new way to improve the quality of racing swimsuits.
  • Keiarri Murphy, from Glenville High School, was also awarded an Honorable Mention for her business, Kar’ress Kupkakes, a high-end cupcake business.

Demo Day was supported in part by Burton D. Morgan Foundation and judged by three leading members of Northeast Ohio’s entrepreneurial ecosystem. They included Michael Belsito, co-founder of Product Collective (Flagship event: INDUSTRY); Michael Jeans, president of Growth Opportunity Partners, Inc.; and Carrie Rosenfelt, the Executive Director of Economic and Community Development Institute (ECDI) Northern Ohio.

“We are so thankful to our partners at Burton D. Morgan Foundation and Case Western Reserve University, who continue to support high school entrepreneurs in Northeast Ohio and add tremendous value to the annual Veale Venture Challenge,” said Tricia Wade, executive director of The Veale Foundation.

About

Veale Youth Entrepreneurship Forum

The Veale Youth Entrepreneurship Forum, funded by The Veale Foundation, is a growing network of high schools in Northeast Ohio that equips students with an entrepreneurial mindset and essential skills through exceptional education and real-world experiences in entrepreneurship.

The Veale Foundation

The Veale Foundation was established in 1964 by Tinkham Veale II and his wife Harriet to improve the quality of life of others by making charitable donations to entities primarily located in Northeastern Ohio. To fulfill this mission, the Veale Foundation is committed to supporting charitable causes involved in areas such as education, human and social services, civic and community, and healthcare that are consistent with its historical donations.

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