Businesses that caught my eye in the Wharton Business Plan Competition Venture Finals
Just recently, I attended the Wharton Business Plan Competition Venture Finals. Every one of the finalists’ business ideas was all really amazing but there were three businesses in particular that really caught my eye. These were SlideJoy, Identified Technologies and AdmitSee – all for very different reasons.
SlideJoy — “You get paid to view ads”
Whenever we see ads popping out in websites or our smartphones, we never really click them. And during the times we do, it’s probably by accident. This is the problem alot of companies face in trying to promote their products. Enter SlideJoy and their very creative solution to this problem — pay people to view these ads.
This is what SlideJoy was pushing for, and it was probably one of the reasons why they ended up winning the entire competition. I mean, they just basically went against all odds and created an application that pays you to click on ads?? Talk about innovation! If I had an Android phone, I’d make sure to get this app!
Find out more on how you can get paid for swiping on the advertisments on your lock-screen by checking out their website at: https://www.getslidejoy.com/about and don’t forget to start downloading SlideJoy!!
Identified Technologies — Quad-Copters are Industries new best friend!
The moment Identified Technologies stepped into the platform to present, I was immediately hooked as one of their team members held up a quad-copter. Seeing a quad-copter in action in my high school’s technology club, I was intrigued as to what role it played in the business.
Identified Technologies basically uses Quad-copters to do the arduous task of collecting data in dangerous or physically impossible locations. It was a very simple but at the same time ingenious idea—using technology to do tasks more efficiently and at a much lesser cost than say planes, helicopters, trucks as they mentioned in their report.
To find out more about Identified Technologies, check out: http://beacon.wharton.upenn.edu/entrepreneurship/2014/04/identified-technologies-wharton-business-plan-competition-finalist/
AdmitSee — “I wished I had this when I was applying to colleges”
Out of all the presentations by the finalists, there was one business and story I was able to relate to the most – the one of AdmitSee’s. Having gone through the application process myself just recently, I was really able to relate to the problem AdmitSee was trying to tackle.
There are honestly so many things to consider and know about when applying to schools that it becomes a really tedious and daunting process. I was honestly shocked by the research they presented on how 26% of students paid more than $4000 for private application counseling.
Although the panelists were a bit skeptical as they asked questions like, “What do you think the admissions officers would think knowing that students they just admitted have released their SAT scores, activities, and even essays to the public?” and “What if admissions officers suddenly create a non-disclosure clause in the applications?” and “Don’t you think this will create applicants who are all very similar; when in fact, college admissions officers are looking to create a diverse class?”
Yet, despite all these questions, the founders of AdmitSee, Stephanie and Lydia responded confidently by going back to their mission and why they started it in the first place – to equalize the playing field (for those who can’t afford those $4000 counselors) and to make admissions advice and counseling more accessible to the masses.
I just smiled knowing that AdmitSee will be helping a lot of the future applicants all over the world through their application!
Are you student applying to college? Check out AdmitSee’s website at: https://www.admitsee.com/
Overall, I left the competition inspired by these businesses and the innovative solutions they have come up with. I honestly can’t wait for next year’s Wharton Business Plan Competition and hopefully, I’ll be more than just an observer next time!