Skip header content and main navigation Binghamton University, State University of New York - News
Binghamton University Newsroom
Binghamton University Newsroom


Online exchange plan wins seed money in annual SOM contest

An online future and accessory exchange for college students, similar to eBay or Craigslist, took the $2,500 seed money prize in the May business-plan competition that is the culmination of the School of Management’s New Venture Creation class.

Taught by Angelo Mastrangelo, the class is a key component of the SOM’s entrepreneurial concentration.

CampusXchange, led by project developer Evona Niewiadomska, can receive another $2,500 if it is in business in Greater Binghamton 12 months after startup.

A second recognition was handed out for this year’s competition. “Our class is not a business-plan class, although it is the final project,” Mastrangelo said. “It is a new venture creation class which this year included an outstanding student and entrepreneur, Chris Olsen.”

Olsen was recognized for the best business plan for NuEra Mobility, a universal wheelchair with features unlike any other on the market. Mastrangelo said Olsen developed the wheelchair design as a senior in high school for a class project and has been working on it ever since.

The annual competition is judged by “real-life” venture capitalists, typically SOM alumni who are working on Wall Street as venture capitalists, along with local business owners and managers.

Connect with Binghamton:
Twitter icon links to Binghamton University's Twitter page YouTube icon links to Binghamton University's YouTube page Facebook icon links to Binghamton University's Facebook page Instagram

Last Updated: 10/14/08