In a thrilling night of fast-paced pitches to local “Sharks, ” NC State’s budding entrepreneurs had the opportunity to present their business models and define how their company could shake up the industry.
Set in Innovation Hall, the home of the Entrepreneurship Initiative, on January 29, the Shark Tank event was a huge success.
The five “Sharks” were: Lewis Sheats, Andy Albright, Chris Evans, Sharon Bui and Jesse Jones – all entrepreneurs or professionals with experience in entrepreneurship. You may recognize the Albright name from Innovation Hall’s “Albright Entrepreneurs Village” or Sharon Bui of Frill Clothing from her appearance on the national televised Shark Tank.
After the students finished their presentations, battling for the grand prize, the winner was declared:
Trakex, a company founded by Moaad Benkaraache and Tayyab Hussain, was selected as the winner of the grand prize. Trakex originated in the Engineering Entrepreneurs Program class, in which students come up with ideas for products to meet an unfulfilled need and attempt to bring these ideas to reality. Trakex seeks to revolutionize the trucking industry by developing real time price quotation technology.
“Helping provide that little spark for future generations of entrepreneurs is something I believe strongly in,” Albright said. “Opportunities like this Shark Tank event can make all the difference in the world to a young person who is trying to make their idea work. I’m proud of the work the Albright [residents] are doing in the Village.”
The final ceremony of the night was to present the inaugural Albright Entrepreneurs Village Outstanding Resident Award: an award designed to celebrate an Albright Entrepreneurs Village Resident who has excelled in promoting and fulfilling the mission of the Village. David Tillack, the technical assistant for the EI, an engineering student and a 2-year member of the Village, received the award. In recognition of his contribution, he received two court-side seats for the highly anticipated NC State-UNC basketball game, provided by Andy Albright!
Get involved with the EI and find out about more fantastic events like Shark Tank on our website! https://ei.ncsu.edu/events/
If you are an engineer interested in Entrepreneurship look into the EEP Program at: https://eep.ncsu.edu/
Looking for a place to eat, sleep, and breathe entrepreneurship? Make the Albright Entrepreneurs Village your new home! https://housing.ncsu.edu/entrepreneurs-village
About the Author
Writer, world traveler, and art lover: Heather Keleher is a native of Raleigh, North Carolina and student at NC State. Author of the novel, “Waiting for Sunrise,” Heather conveys her passion for entrepreneurship in her writing. Visit her at heatherkeleher.com, check her out on the Huffington Post, and follow her on twitter @Heather Keleher.