Young Entrepreneurs Academy Shark Tank (in a shark tank)
After months of perfecting their ideas and presentations, 22 brave young entrepreneurs pitched their business ideas to 7 Sharks on the Investor Panel for real funding. Last night, the 6 Sharks: Karen Gunn, Salt Lake Community College; Fred Kraut, Rocky Mountain Care; Amy Rees Anderson, Rees Capital; Jeff Barnes, J&J Technical; Mike Winder, Zions Bank; Kathy Hajeb, U of U Lassonde Institute; and Curt Doman, Progressive Finance, awarded over $12,000 in real funding to the young entrepreneurs.
From ages 11 to 18, and from areas between Layton and Alpine, the 22 YEA students have worked since October on their full-functioning businesses. They have learned about all aspects of business through three hour classes, field trips, guest speakers, and community opportunities. They put many hours into finalizing their ideas and are now prepared to use their funding from the "Sharks" to grow their businesses.
Meet the Young Entrepreneurs
Nick Topham and Jacob Dutton
The Summit Factor combines top notch apparel ski and snowboard apparel with a quirky invention to help beginners and speed skiers open their ski boots with ease. They hope to develop their product quickly and get it into ski and snowboard shops soon.
Cocoa Hut is a specialty cocoa shack soon to be located in Alpine, Utah. Anabelle hopes to earn enough money this season to buy her own food truck and serve the students of Brigham Young University in Provo, Utah.
Henry Jensen, Jet Ngu, and Gray Jackson
Quick Tarp is an easily transportable, light weight, fold-able tarp that will make any camp clean up a breeze.
Bake Box is a subscription service box that will arrive at your house with all of the ingredients you need to make a gourmet baked good. With gluten free and dairy free options, be sure to try one out for yourself!
Snap Shot is an online service that allows you to upload, or send in, your photos and videos for compilation for $35 flat. With customization options like music and transitions, you're sure to love your new photo compilation.
Juliana Rodich and Samantha Workman
Tiflix is your new quick and easy solution to smelly sports wear. Just put the sports wear in the bag, add a deodorizing tablet, and voila! Your sports wear smells good as new.
Have you ever wished you could make a soccer goal inside? Well, now you can! With Sportalation, you can set up your sensor enriched board, kick your best strike, and watch your goal on your smartphone.
ShredHed is a great way to make teens and adults feel fashionable, and safe, on the slopes. With a slim design, the ShredHed helmet allows you to customize your helmet with snap-able beanies.
Nibblers combines a deep fried pretzel and ice cream to fulfill your sweet-tooth's dream. You can find Nibblers at multiple community events in the Alpine/Highland area.
FlyVybe brings a social aspect to music creation. FlyVybe allows you to upload your music, collaborate with others, and listen to other people's music all on one easy-to-use platform.
Instead of buying waders with attached boots, and another set of waterproof boots, just buy Hydra. Hydra is a wader suit with revolutionized boots that can be locked in to the suit, or act as separate waterproof boots.
Straight Shot Clothing
Straight Shot Clothing is a medical apparel line for children with diabetes. Many children have to inject insulin multiple times a day, which can become a hassle when wearing long pants. Straight Shot Clothing comes with a fashionable zipper located in the upper thigh area, to make injecting insulin into the leg much easier.
Emily will be representing Utah at the YEA nationals in May in New York City.