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County Comptroller News Releases

Posted on: April 18, 2016

[ARCHIVED] MARAGOS: 160 HIGH SCHOOL STUDENT ENTREPRENEURS COMPETE IN 4th ANNUAL BUSINESS DEVELOPMENT CHALLENGE

$2500, $1250 AND $1000 AWARDS GIVEN TO TOP THREE TEAMS

Mineola, NY- On April 6th, Nassau County Comptroller George Maragos hosted the 4th annual Comptroller’s Entrepreneurial High School Challenge. This year’s theme, “StartUp Nassau,” asked teams to convince a panel of expert judges that their new businesses could collaborate with local universities and succeed in Nassau County. 160 students from 13 Nassau County high schools competed for top prizes of $2500, $1250, and $1000.

First prize went to East Meadow High School’s Team Energym, who received $2500 provided by HAB Bank for its business plan to manufacture and market a device that stores a bicycle’s kinetic energy to power electrical devices.

Second prize went to Baldwin High School’s Chip In team, who received $1250 from the American Association of Physicians of Indian Origin for a business plan to create and market a device that tracks the whereabouts of chip wearers.

Third prize went to MacArthur High School’s Team Safe Touch, who received $1000 from the Long Island Conservatory for its plan to produce and market a fingerprint-activated locking device for firearms.

“I am tremendously proud of the outstanding young people who presented their business ideas today,” said Comptroller Maragos. “I encourage these students to refine their ideas and pursue their dreams. This is the kind of entrepreneurial spirit that will help Nassau County’s economy thrive.”

Many generous sponsors donated prizes and refreshments. Long Island Conservatory, the American Association of Physicians of Indian Origin, and HAB Bank provided cash prizes for the competition. Plum Tomatoes of Mineola, A&S Bagels of Franklin Square, Ben’s Kosher Delicatessen of Carle Place, Bagel Boss of Lake Success, Stop&Shop of Carle Place, and Walmart of East Meadow provided refreshments, and Mineola Trophy and Awards provided plaques for the event.

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