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Entrepreneurship Week 2015

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From the fourth round of a $1 million initiative to help business startups, to a student entrepreneurial tradition, to the second year of auditions for a national TV show, Salisbury University’s inaugural Entrepreneurship Week brought together hundreds of business owners and hopefuls in Perdue Hall.

Eight businesses received their share of $125,000 during the fourth round of SU’s Philip E. and Carole R. Ratcliffe Foundation Shore Hatchery program. Its goal: to fund entrepreneurs in the mid-Atlantic and have new businesses opening within six months, with the potential of employing five or more within a year. The big winner was PaverGuide, a lightweight, low-cost pervious paving system, which earned $35,000. All winners will receive mentorship from the program’s board of directors, comprised of area business leaders.

The next day, SU junior Jenna DeLetto won $27,000 in cash and services to help further develop 5 POP, a digital football training device, during the University’s annual student Entrepreneurship Competitions. The highlight was the Bernstein Achievement Award for Excellence, given annually since 1987. Besides DeLetto, who won, finalists for the $10,000 prize included Connect U, Delmarva Sports Services and Thor Electric Longboards.

The week concluded with the return of a casting call for ABC-TV’s hit business funding reality show Shark Tank, co-sponsored by 47 ABC, SU’s Franklin P. Perdue School of Business and Maryland Capital Enterprises. For the second consecutive year, hundreds of entrepreneurs throughout the East Coast came to campus to film their product pitches for the program’s consideration.

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