Young business minds make winning pitch
Dayah Johal and Karnpreet Sanghera are still feeling the buzz from an amazing trip to Atlanta last week, in which they and three teammates competed against 18 international teams, and came out on top.
Together with Vancouver's Ravi Chalhotra, Aman Malhotra and Rajeev Bagga, the group developed the idea of a spray-on cast, and earned bragging rights and a $25,000 prize at the TiE Young Entrepreneurs Global Competition.
"It was awesome," said Sanghera, in her final year at R.C. Palmer secondary. "For us just being there was such a milestone."
Johal said the teams made presentations over the course of two days, and on the third day, during an awards ceremony, all gathered to hear who'd come up on top in the eyes of the judges.
The third-place team was announced first, then the second-place group, and before reading out the winner's name, the announcer dropped a hint by saying the top group came from a country making its debut at the competition.
"We had no clue what to expect," Johal said.
The team, who are copyrighting their company's name, GenAid, and patenting their product, Regenacast, is doing the unexpected again, by donating $5,000 to the B.C. Children's Hospital Foundation, and hoping to triple that amount through a fundraising campaign.
"We want to give back to the community that has supported us so much," Johal said.
The team is hoping to raise an additional $10,000, and is hoping supporters will go to their B.C. Children's Hospital Foundation website at www.bcchf.ca/GenAid.
"We were inspired to hold this event because we saw the hard work and dedication that the program chairs of TYE Vancouver put into organizing the program for us," the group said. "Amit Sandhu, CEO of the Ampri Group of Companies and Rattan Bagga, CEO of New World Natural Foods, volunteered endless hours to make sure the program would become a world-class educational experience, all while leading their own businesses."
The TYE Vancouver Business Plan Competition was held over eight weeks, and exposed eager local students the entrepreneurial world of business.
Some 600 students in 18 cities, including Singapore, London, Delhi and Washington D.C., received guidance and support from business leaders in their communities, with each city's winners taking part in the global finals in Atlanta.
The Vancouver arm of the entrepreneurial program was spearheaded by Vik Khanna, Amit Sandhu and Rattan Bagga, and will be offered annually, with students invited in the coming weeks to apply for a position in the September 2012 class.
For more information on the program, visit their website at vancouver.tie.org.