SCHUYLKILL HAVEN — Need a square cup holder to handle your Guers drink? Want to be environmentally conscious with your personal care products or paper usage? Want easy-to-handle firewood, a hand-crafted skateboard or an invigorating zombie experience? Some young Schuylkill County entrepreneurs are hoping consumers will say “yeah.”
Six teams of students vied for investor dollars Wednesday during the second annual Young Entrepreneurs Academy Investor Panel event held at Penn State Schuylkill’s Health and Wellness Center. They pitched their ideas to an investor panel made up of distinguished community business leaders in a fashion similar to the television show “Shark Tank.”
A Schuylkill Haven Area High School senior, Darian Stripe, took home top honors with her idea for Ygeia Naturals. The company was created to raise awareness of harmful chemicals and provide affordable, natural personal care products. Darian handed the investor panel samples of her shampoo, which featured aloe vera, coconut oil and witch hazel.
The judges had $6,000 available to award to the student business ventures. Stripe was presented with $2,500 and was named the YEA! Saunders Scholars Winner.
She is the daughter of Shawn and Vicky Stripe, Schuylkill Haven. Along with her parents, Darian was joined by her three sisters, Calie, Madison and Elexis.
“I was very confident that I would do well, so I think that helped,” Darian, 18, said. She plans to attend Kutztown University to major in art education. “Of course, I’ll still be running my business.”
The top winning student moves on to an all-expenses-paid trip to regional competition. The top two regional winners will then attend the national competition in Washington, D.C. The national winner will have an opportunity to go on the real Shark Tank television show.
Other YEA! students pitched a variety of businesses to the investor panel Wednesday.
Collin Felty, a Schuylkill Haven sixth-grader, was awarded $1,000 for his company, Skook Products, which will produce and sell the Skook Cup Holder. It’s a square plastic cup holder that will fit in round cup holders in most vehicles, enabling customers to put square items, like Guers products or milk cartons, into them.
Also earning $1,000 was Geoffrey Kaufman, with his company, Brookside Firewood. Kaufman, a Pine Grove Area High School senior, said his company will manufacture eight-piece bundles of firewood from the finest hardwoods that are split by the company from locally supplied trees. The firewood will be seasoned prior to being bundled, and then wrapped with shrink wrap, for clean, easy handling.
Jacob Palmer earned $750 from the investors, pitching Backcountry Longboards. Palmer’s company manufactures handmade longboard skateboards. Most longboards today are mass-produced, Palmer said, noting his products are all hand crafted.
Meanwhile, Jacob Challenger garnered $500 for his Fuel For Earth company. Challenger’s business would provide a fuel source that keeps paper out of landfills. Paper is soaked, shredded, compressed, molded and dried into blocks. The blocks are then packaged and can be used as a heating source, Challenger said.
The three-member team and co-owners of Argo Games, Jason Housel, Connor Hudock and David Tenney, were awarded $250 from the investors. Argo Games is a gaming company seeking to capitalize on the explosion of the zombie genre in the entertainment industry.
All YEA! students explained their costs of production, competitor prices and products, their expected net profits for the month and year and other challenges they anticipated in launching their businesses. Each student also had to answer three questions developed by the investor panel.
Robert S. Carl, executive director of the Schuylkill Chamber of Commerce welcomed students and guests to the event.
“It’s a big commitment,” Carl said of students participating in the YEA! Program. “They have to have the passion and desire and we’re here to nurture it.”
Those serving on the investors panel were: Karen A. Kenderdine, trust manager, First National Trust; John R. Powers Jr., CEO, Ashland Technologies Inc.; Wendy Yuengling, chief administrative officer, D.G. Yuengling & Son Inc.; Jeff O’Neill, business banking team leader, M&T Bank; Darcy Medica, director of academic affairs, Penn State University Schuylkill Campus; Frank Zukas, president, Schuylkill Economic Development Corp.; Robert Seltzer, president, The Seltzer Group; John Albertini, president, AIS Consulting; Roy A. Heim, president, Heim Construction Co.; and Kimberly Lorimer, vice president, The Evans Network of Companies. Another investor panelist was unable to attend. Ken Huebner, vice president and CFO, The Cotler Group and Mountain Valley Golf Course, was absent due to a family emergency, Carl said.
Patricia Tenney, Minersville, attended the event, she said, to support her son, David, 18, a student at Gillingham Charter School. “This is something he’s never done before and it got him out of his comfort zone. This was good for him,” she said.
The YEA! Program is for students in grades 6 through 12. It’s a 30-week, after-school program that runs from October through April, offering a three-hour class one evening each week, as well as special events. The students meet at the Schuylkill campus. The YEA! chapter is maintained by a nominal student tuition as well as investments and donations from the local business community. Scholarship money is made available to students as deemed necessary.
The program consists of three main components for students to learn how to launch a business or social movement. The Big Idea! is when the students begin identifying and generating ideas and learning to recognize opportunities. The Pitch! is where students research and develop business plans with the help of their instructor and mentors. Mentors in the business community share their expertise as they help the students prepare to pitch their business to the investor panel. The third component is The Launch! in which students can open bank accounts and they file the necessary paperwork to actually launch their business.
Carol Boyer, YEA! Program manager, thanked the panelists and mentors and praised students’ parents.
“You’ve raised some talented kids,” she said.
Carl also thanked Boyer, who is completing her final year as the program manager, noting Mary Jo Moss will serve as manager for 2016.
Customers wanting to meet the young entrepreneurs or hoping to get their hands on the student-designed products can attend the YEA! Schuylkill Trade Show from 10 a.m. to 1 p.m. April 23 at Fairlane Village mall, Pottsville.