TechFW Client Finishes 2nd in Business Plan Competition

Fort Worth, TX – Rdy4it, a TechFW client and founder / owner of the Aspen Tyke Traveler diaper bag finished second Thursday to Locavore in the eighth Fort Worth Business Plan Competition. The four-month competition is a program of the City of Fort Worth’s Office of Small Business and is presented by Capital One.

Aspen Tyke Traveler sells innovative, supportive diaper bags and packing systems that help prepare new parents for on-the-go adventures with young children. The owners are Glen and Sarinya Oliver.

 

Locavore is an all-inclusive resource for foodie entrepreneurs looking to affordably scale up their business, offering for rent commercial kitchens, office space and an event venue. It is owned by Cortney Gumbleton and Carlo Capua.

 

Third-place finisher Cache has developed a mobile app that allows consumers direct access to purchase tax foreclosure properties from anywhere in the world. Mateson Gutierrez is the founder.

 

The three took home cash and prize packages valued at more than $56,000, including $5,000 for Aspen Tyke Traveler. They were judged on their written business plans and their seven minutes of presentation and seven minutes of answers to questions from judges. The three finalists had emerged from the 10 semifinalists who competed during a Pitch Night presentation Oct. 11 at the Moncrief Cancer Institute.

 

The Olivers are engineers and after having a son, figured there had to be a better way to compartmentalize items in a diaper bag. So they developed it. Version two, based on responses and suggestions from users, includes laptop and drink pockets and is more of a “parent” bag.

 

“Parents who haven’t had a kid see a diaper bag and says ‘that’s cute,’” Glen Oliver said. “Parents who have had a kid see a bag and ask ‘how is this going to help me.’”

 

The competition, open to Tarrant County businesses and startups, began in July. Twenty five businesses from 50 entries were selected for five educational sessions and a minimum of two business counseling sessions. Each business also was paired with MBA students from TCU and the University of Texas at Arlington.

 

Robert Sturns, Director of the City of Fort Worth’s Economic Development Department, which oversees the Office of Small Business, said:  “All three presentations were strong and all three were very impressive competitors. This has been a long and satisfying journey for the three finalists -- training, coaching and mentoring during four months. All have gone through a comprehensive educational process to be able to formulate a business plan that will positively impact their business and potentially, the local economy.”

 

 

TechFW is a non-profit organization that helps entrepreneurs launch and grow emerging technology companies that have a high potential for success. It mentors, coaches and relentlessly pushes them toward success. TechFW has offices at the James E. Guinn Complex in Fort Worth and is supported by the UNT Health Science Center, the University of Texas at Arlington, and the City of Fort Worth. For more information, contact Hayden Blackburn at (817) 984-9841 or hayden@techfw.org .