With a mission of “Saving the Planet, One Bag at a Time,” EcoBagz, Inc., representing Forest Heights STEM Academy in Little Rock, won two of four first-place awards in the Arkansas Capital Corporation’s 13th annual Youth Entrepreneurship Showcase (Y.E.S.) for Arkansas 5th – 8th grade business plan competition January 26 at Park Plaza in Little Rock.
More than 170 teams of elementary, middle, and junior high school students from across Arkansas submitted business plans in this year’s competition. The Top 25 finalists in the written round were invited to compete at Y.E.S. for Arkansas Expo Day in the “Best Marketing,” “Most Innovative,” and “Best Retail Booth,” divisions.
(See the 2018 Expo Day Picture Gallery at the bottom of this page.)
EcoBagz won first place in both the “Best Retail Booth” and “Best Marketing Piece” divisions. The EcoBagz product is what the team calls a “multi-purpose, fashionable, eco-friendly, and affordable” tote that also encourages customers to avoid using plastic or polythene bags.
“The Lone Wasp” from Omaha Schools in Boone County won the “Best Business Plan” division for a product that uses natural oils mixed with Witch Hazel to create an alternative to DEET (diethylmtoluamide), commonly used in insect repellants. Winning the “Most Innovative” category was “Scoods” from Berryville Middle School. Scoods are pads designed to fit the sides of manual scooters that protect the legs and ankles of riders if they lose control of their scooters.
The teachers of the first place winning teams in today’s competition won a $500 cash prize, with team members each receiving $100.
Awards were also presented for second, third, and fourth place winners in each of the four categories:
Best Business Plan:
The Lone Wasp – Omaha Schools – First Place
Bombs Away – Pinnacle View Middle School, Little Rock – Second Place
Fun Framers – Sheridan Intermediate School – Third Place
Backpack Tower 8.0 – Henderson Middle School, Little Rock – Fourth Place
Best Marketing Piece Division:
EcoBagz – Forest Heights STEM Academy, Little Rock – First Place
Bedside Sicky Caddie, Calico Rock School – Second Place
B.A.M. – Berryville Middle School – Third Place
Fun Fizzers – East End Intermediate School, Little Rock – Fourth Place
Best Retail Booth Division:
EcoBagz – Forest Heights STEM Academy, Little Rock – First Place
Galaxy Fudge, Omaha Schools – Second Place
Gem Gels, Carlisle Elementary School – Third Place
Squish Balls – Cutter Morning Star School, Hot Springs – Fourth Place
Most Innovative Division:
Scoods – Berryville Middle School – First Place
B.A.M. – Berryville Middle School – Second Place
Bombs Away – Pinnacle View Middle School, Little Rock – Third Place
Fun Framers – Sheridan Intermediate School – Fourth Place
Besides winning cash prizes totaling more than $7,800, each team member received a commemorative medal and their teachers were presented a 3-D-printed school trophy, produced by the Arkansas Innovation Hub in North Little Rock. All Top 25 team members were presented with certificates of achievement for use in their education and career portfolios.
Since Arkansas Capital Corporation launched Y.E.S. for Arkansas in 2006, more than 7,700 students have submitted 2,467 business plans into the competition. Y.E.S. for Arkansas mirrors a real-world business planning process requiring teams to define the market and audience for the product or service, demonstrate the viability of their idea and how it will make money, identify what makes the product or service better than what is currently in the marketplace, and provide an income statement and projections of revenue and expenses.
Watch this space for details on Y.E.S. for Arkansas 2019!
To compete in Y.E.S. for Arkansas, sponsors must create or reactivate a Startup Compete account. If you plan to sponsor more than one team, you will be able to register all your teams through this account.
Please visit this link to begin: yesforarkansas2018.startupcompete.co.
At the upper-left side of the page, you will see an orange button with “Log In / Register.” Click on this button. A box with a gold strip across the top will pop up on the screen.
For New Startup Compete Users:
Click the “Create User Account” blue button. A page, “Register for a new Startup Compete User Profile” will appear. Please fill out only the information marked with a red asterisk:
Remember your email address and password. This will be the login information for your account from this point forward.
In the “Roles and Communications” box, the first statement is the only statement you need to answer for the purpose of the competition. It asks, “Select one or more role/s to describe your relationship with Startup Compete.” Check any box — the Y.E.S. competition has no preference as to which box should be checked.
At the bottom of the page, uncheck the box for “Notify me via email on … New Competitions,” unless you want to receive email from Startup Compete and the Global Entrepreneurship Network.
Click “I agree” in the Terms and Conditions.
Type the letters shown in the image, and click “Save.”
For Returning Startup Compete Users:
Go to yesforarkansas2018.startupcompete.co and click the orange “Log In / Register” button on the left side of the page.
A box with an orange-gold strip across the top will appear. Under “Returning to Startup Compete,” enter your email address and your password.
If you need to use a new email address — or if you’ve forgotten the email address used previously, you will need to create a new account. See above, “New to Startup Compete.”
If you’ve forgotten your password, click on “Forgot Password?” and follow the prompts.
Next Step — Submitting Intents to Compete
The next step for the team is to submit an Intent to Compete by 11:59 p.m. Friday, October 27. Teams that are still undecided about competing by this deadline should still submit an intent to compete. If the team doesn’t submit a business plan in the competition, the intent is dropped from the Startup Compete account.
Submitting Intents to Compete greatly helps in preparations for the number of judges that need to be recruited for the competition. Submitting intents does not obligate sponsors or teams to the competition.
Below are instructions for submitting team intents. If all the information needed is not yet known, submit at least one team member’s name and class and the school’s information as a placeholder. All information does not need to be finalized until the business plan submission deadline.
HOW TO SUBMIT AN INTENT:
You will then be taken back to your profile page. You should see the business name you just entered in the “Business Ideas” tab.
Teachers / sponsors must submit an intent to compete for each team. Repeat steps 3-9 above.
After submitting, you may get an email from Startup Compete with the subject line prompting you to register your team. You can ignore this – you’ve gotten this prompt because you’ve submitted the intent, but for the purposes of the Startup Compete database, you won’t be fully “registered” until the business plan is uploaded.
For more information, download a Guide for Y.E.S. Business Plan Content Requirements.
Business Plan Format, Cover Page, Table of Contents (10 points)
Table of Contents:
Please ensure plans are proofed for grammar, spelling, punctuation, and proper sentence construction.
Plans will need to be converted to PDF in order to be uploaded to Startup Compete. Please give this PDF document the same name as that of your business. When the conversion is complete, please ensure all pages were properly converted.
The Top 25 scoring teams get their chance to show off and sell their products and services to both judges and the public alike at Park Plaza in Little Rock!
We have cash and other prizes for winners in the Best Business Plan, Most Innovative, Best Marketing Piece, and Best Retail Booth Display categories!
Y.E.S. has been around longer than some of today’s competitors! More than 7,400 students have competed since the first Y.E.S.competition in 2006. Who were the winners?