JMMB Foundation lends support to 2024 UTech business model competition
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JMMB Money Transfer CEO, Sharon Gibson (left) is pleased to present the second place prize to Team Limpid’s O’Wonder Coleman and Raheem Jagdeen for their dissolvable soap wrapper paired with hemp soaps. This eco-friendly initiative is set to redefine sustainable and clean practices in the personal care industry. The team walked away with J$200K in cash and was also named, Most Developed Prototype. The occasion was the recently held UTech, Jamaica business model competition, which is designed to harness the talents and skills of the university students and facilitate the development of their ideas into full-fledged businesses.(Photo: Contributed)
The University of Technology (UTech) through the Joan Duncan School of Entrepreneurship, Ethics and Leadership (JDSEEL) recently hosted the finals of its business model competition at its Papine-based campus.
The event is designed as a platform for growth for student entrepreneurs, by equipping them with the resources they need to move their ideas from concept into full-fledged businesses.
Additionally, four sectional prizes were awarded to the finalists in the competition namely: international market potential; most developed prototype; most innovative enture and best speaker.
Perennial supporters, the JMMB Joan Duncan Foundation and Development Bank of Jamaica (DBJ) were on hand.
PHOTOS:
Sharing in a photo op are: (from left) Sharon Gibson of JMMB Money Transfer and judge of the UTech, Jamaica Business Model Competition, members of the winning team – Team Venusian Manufacturing, in the form of: Morganne Jones, Jada Brownie, Joshua Phipps, Jada Passley, Christopher Brown of Development Bank of Jamaica (DBJ) and Prince Hayne, acting head of Joan Duncan School of Entrepreneurship, Ethics and Leadership (JDSEEL). The team was awarded J$400K in prize money for their innovation, a ground-breaking 4 in 1 travel pack that complies with TSA regulations, with the aim of revolutionizing travel convenience. This event is a part of the university’s mission to harness the talents and skills of the university students and facilitate the development of their ideas into full-fledged businesses.
(Photo: Contributed)Dennis Chung, chartered accountant and Sharon Gibson, CEO of JMMB Money Transfer, who were a part of the judging panel of the UTech, Jamaica annual Business Model competition, take a closer look at the prototype developed by Team Off Route represented by Abigayle McGrowder and Dahlia Richards. Team Off-Route, walked away with J$75K for developing a compact tracking device that can be embedded in clothing and comes with an app for monitoring to ensure ones safety and that of loved ones.
(Photo: Contributed)
Team Port Support – Zoe Foster (left) and Johanna Silvera show of their prototype – the socket plate cover, during the recent UTech, Jamaica business model competition, held at the Papine-based institution. The innovation saw them walking away with three prizes namely: 3rd place, Most Innovative Venture and best speaker, which went to Johanna Silvera in addition to J$120K in prize money. The business model competition, which is organized by Joan Duncan School of Entrepreneurship, Ethics and Leadership (JDSEEL), allows students to showcase their entrepreneurial skills and pitch a range of business ideas with the hope of transitioning them into full-fledged businesses. (Photo: Contributed)
JMMB Joan Duncan Foundation’s Celia Ebanks (right) smells the hemp soap packaged in a disposable soap wrapper, as Raheem Jagdeen of Team Limpid carefully observes. This environmentally conscious innovation developed by Team Limpid as part of the UTech, Jamaica business model competition saw them walking away with the second place prize, Most Developed Prototype prize and J$200K in prize money. (Photo: Contributed)
Zoe Foster (second left) of Team Port Support alongside her teammate Johanna Silvera (second right) explains the value of their innovation, the socket plate cover, to Christopher Brown (left), BIGEE Project Manager at Development Bank of Jamaica and Celia Ebanks, programme manager at JMMB. The prototype is designed as a simple fix to a simple problem, in the form of a mechanism designed to secure plugs as the sockets degrade over time. The occasion was the recently held UTech, Jamaica business model competition where students showcased their entrepreneurial skills and pitched a range of business ideas. Team Port Support copped the third prize and J$120K, in addition to being named the Most Innovative Venture. (Photo: Contributed)
Sharon Gibson, CEO of JMMB Money Transfer, during the judging of the UTech, Jamaica annual Business Model competition carefully examines the innovation presented by Team Venusian Manufacturing, which is a ground-breaking 4 in 1 travel pack that complies with TSA regulations, with the aim of revolutionizing travel convenience. Also seen in the photo are Dennis Chung (centre) and Professor Paul Golding (right), fellow judges in the competition. (Photo: Contributed)
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