Student Entrepreneur Competition hands out $20,000 in cash prizes

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The owner of Fiber Fix wins the competition and is awarded $7,500. Photo by Ari Davis.
The owner of Fiber Fix wins the competition and is awarded $7,500. Photo by Ari Davis.

BYU Entrepreneur club hosted the final judging for the Student Entrepreneur of the Year March 7 as three top applicants competed for almost $20,000 in cash and prizes.

Fiber Fix was this year’s winner and walked away with a $7,500 cash prize, trophy and the title as BYU’s Student Entrepreneur of the Year (SEOY). Their product was inspired by medical casting tape and proves to be harder than duct tape and as strong as steel when set. Fiber Fix was started by BYU students and projects 12 million in earnings for the next year.

“It’s amazing that these guys are so far right now,” said Macy Baker, a senior studying business. “I thought this competition was for new ideas, but they are already know exactly what they are doing.”

Dark Engery founder celebrates after recieving second place in the competition and $4,500. Photo by Ari Davis.
Dark Energy founder celebrates after receiving second place in the competition and $4,500. Photo by Ari Davis.

The winner is joining the ranks of many successful businesses that have won SEOY and gone on to build their names as national brands. Past winners include Jonathan Coon of 1-800-CONTACTS, David Bateman of Property Solutions, Adam Edmunds of Allegiance and Jayson Edwards of J-Dawgs.

The second and third place prizes went to Dark Energy and Cowboy Donuts. Both were awarded cash prizes.

The semi-finalist also had the chance to present for exactly 60 seconds while the judges convened for the final winner. Discovery Simulations won the “fan favorite” and a cash prize of $500.

“The fan voting was cool since I just sat there on my phone,” said Elise Hill, a junior studying recreational management. “They polled our responses from what key word we texted and my favorite won.”

BYU’s Divine Comedy were emcees and handed out raffle prizes to audience members. Students won an Ipad, Nexus Tablet, Jazz tickets, a Go Pro and a $300 gift card to Men’s Warehouse.

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