Fresh-roasted coffee, artisan mango liqueur and glow-in-the-dark ultimate frisbee gear — those are some of the products ready to launch out of a Babson College summer crash course for young entrepreneurs.
The 10-week summer venture program featured 14 proposals from undergraduate and MBA students, hand-picked from more than 100 applications. The students presented their products last week to an auditorium packed with potential investors and mentors at the Wellesley school.
"It's a 10-week summer camp for our best and brightest young entrepreneurs," program director Steve Gold said.
Many of the companies were the result of years of planning and experience, but were jump-started by the program.
Hans Homberger, an MBA student from Costa Rica, unveiled a plan to sell the coffee beans his family has grown for four generations directly to consumers under the family name for the first time.
"I grew up looking at my grandpa and my dad going every week to the farms. It's not just the business, it's something I feel passionate about," Homberger said.
Homberger presented Fourth Wheel Coffee, his business that will ship Central American coffee directly to customers' front doors within 15 days of roasting instead of the months that commercial coffee can spend in a warehouse, he said.
"I've been working on this concept for over a year. In these past 10 weeks, I feel like I was really pushed to question everything I had learned already," said MBA student Emily Lagasse. "Because of that, I have a final product that I am 100 percent confident in and ready to move forward with."
Her gourmet dog food business, Fedwell, was inspired by the near-death experience of her dog. Lagasse said her high-end dog food is made without chemicals or preservatives and is more nutritious than conventional dog food.
Because of the presentations, many of the students made connections with key investors and industry insiders, Gold said.
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