flexReceipts Wins Over $20,000 in Rollins MBA Venture Competition

March 30, 2012 - The Rollins MBA Center for Advanced Entrepreneurship announced that flexReceipts has been named the winner of this year’s Rollins Venture Plan Challenge. The company is awarded a $20,000 cash prize, as well as additional services beneficial to growing the company including opportunities to meet venture capitalists and free legal services. The competition is coordinated annually by the student run Rollins Collegiate Entrepreneurs’ Organization (CEO). Participants compete for a cash prize pool of over $30,000 to invest directly in the business. Winners are chosen by a panel of distinguished judges, all of whom are successful investors and entrepreneurs.

“Completing an MBA has given me the necessary skills and network to build flexReceipts into a successful company,” Sachin Jaitly, CEO, flexReceipts and Rollins MBA alumnus. “This infusion of capital and in-kind services will surely help us achieve the next stage in our growth. The support from Rollins and its network has been tremendous.”

In addition to flexReceipts, this year’s Rollins MBA Venture Challenge place winners included RNR Diagnostics, developer of a molecular diagnostics test for early detection of skin cancer Melanoma – taking second place and a $6,000 cash prize; Sun Voter, a service dedicated to providing nonbiased candidate information for local, county and state public offices – taking third place and a $3,000 cash prize; and Biocurity, developers of RadGuard™ a nanoparticle radioprotectant that mitigates damage from radiation exposure in cancer treatment and terrorist radiation threats – taking fourth place and a $2,000 cash prize.

The Rollins MBA Venture Challenge, organized by the Rollins CEO chapter, provides members of the Rollins family an opportunity to take an idea for a new product or business and develop a plan to introduce it to the marketplace. The competition is in its eighth year.

The Rollins student chapter of CEO operates on a global platform and promotes its mission, “to inform, support and inspire college students to be entrepreneurial and seek opportunity through enterprise creation.” CEO organizes a variety of programs and events designed to promote successful entrepreneurship amongst students, engage them in entrepreneurial activity, and connect them in a meaningful way with advanced entrepreneurs. Flagship programs include the annual Venture Plan Challenge and Elevator Pitch Competition, and the activities centered around Global Entrepreneurship Week.

For more information on upcoming events and membership in the CEO chapter at Rollins, please visit www.rollinsceo.com.


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